Exide Industries Reports Q4 Result and Profit Up 2.56% YoY
Exide Industries recently released their Q4 financial results on April 30, 2024. The company saw a 13.49% increase in revenue and a 2.56% rise in profit year-over-year.
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In comparison to the previous quarter, revenue grew by 4.85%, while profit decreased by 7.74%. Selling, general & administrative expenses increased by 1.37% quarter-on-quarter and surged by 18.42% year-on-year.
Operating income also showed growth, with a 6.6% increase quarter-on-quarter and a 27.28% increase year-on-year. The earnings per share (EPS) for Q4 were ₹2.17, reflecting a 2.41% increase year-on-year.
As of May 2, 2024, 18 analysts covering Exide Industries rated the company: 4 as Strong Sell, 3 as Hold, 7 as Buy, and 4 as Strong Buy.
Exide Industries Financials; Exide Industries Reports Q4 Result and Profit Up 2.56% YoY.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
| Total Revenue | 4172.9 | 3979.83 | +4.85% | 3676.76 | +13.49% |
| Selling/ General/ Admin Expenses Total | 297.78 | 293.77 | +1.37% | 251.46 | +18.42% |
| Depreciation/ Amortization | 141.83 | 144.7 | -1.98% | 130.98 | +8.28% |
| Total Operating Expense | 3866.76 | 3692.65 | +4.72% | 3436.24 | +12.53% |
| Operating Income | 306.14 | 287.18 | +6.6% | 240.52 | +27.28% |
| Net Income Before Taxes | 280.62 | 280.64 | -0.01% | 256.07 | +9.59% |
| Net Income | 184.74 | 200.23 | -7.74% | 180.12 | +2.56% |
| Diluted Normalized EPS | 2.17 | 2.36 | -8.05% | 2.12 | +2.41% |
About Exide Industries Limited.
Exide Industries Limited is a leading Indian company that manufactures and markets automotive and industrial batteries. The company was founded in 1947 and has since become one of the largest battery manufacturers in India. Exide Industries produces a wide range of batteries for various applications, including automotive, industrial, and submarine batteries.
Exide Industries has a strong presence in the Indian market and has a wide distribution network that reaches customers across the country. The company is known for its high-quality products and innovative technology in the battery industry.
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In addition to batteries, Exide Industries also offers related products and services, such as battery charging solutions, solar batteries, and home UPS systems. The company has a strong focus on sustainability and environmental responsibility in its operations.
Exide Industries is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) and is a well-known name in the Indian automotive and industrial battery sector.
