Buy Exide; target of Rs 290 : Motilal Oswal
Motilal Oswal is bullish on Exide recommended buy rating on the stock with a target price of Rs 290 in its research report dated July 28, 2023.01-08-2023
01-08-2023
EXIDE INDUSTRIES LTD. - 500086 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of SEBI Listing obligations and Disclosure Requirements that the RTA has received request for loss of share certificate as attached.01-08-2023
Dividend Stocks: D B Corp Ltd, Exide Industries, and seven other stocks to trade ex-dividend - August 1
Stock market news today: Shares of D B Corp Ltd, Exide Industries Ltd, and other stocks will trade ex-dividend today. Dividend details provided.01-08-2023
After dull Q1, Exide recharges plans with lithium-ion progress
In the near term, the management expects the overall demand scenario across segments to be positive. Easing input cost inflation and ongoing cost-efficiency initiatives should aid profitability.31-07-2023
Q1FY24 Quarterly Result Announced for Exide Industries Ltd.
Auto Parts & Equipments company Exide Industries announced Q1FY24 results: Revenue from operations increased by 4.2% YoY in Q1FY24. Despite raw material costs remaining firm during Q1FY24, we recorded impressive growth in operating profits. EBITDA grew by 11.7% and EBIDTA margin was 10.6% in Q1FY24 compared to 9.9% in Q1FY23. PBT grew by 6.2% YoY and PBT margin was 7.9% in Q1FY24 (7.8% in Q1FY23). Our automation and cost optimisation initiatives are bearing fruit, thereby supporting enhanced levels of profitability. We maintain our track record of generating high cashflows and a comfortable balance sheet with zero debt. Commenting on the performance - Subir Chakraborty, MD & CEO, said, 'Our operating profits grew at a handsome rate of 11.7% during the first quarter of the year. Steady sales expansion in key verticals along with cost optimisation benefits resulted in healthy EBITDA growth. We expect overall demand scenario to be positive in the near-term and profitability levels to increase, supported by the easing of input cost inflation and further realisation of cost efficiency initiatives. With technological advancements, demand for more efficient products and solutions is growing at a rapid pace. Our latest offerings in Automotive Division include advanced batteries for hybrid vehicles, longer-life batteries for e-rickshaws, and a superior range of inverters/HUPS. For the Industrial Division, we have introduced the FHP series of Industrial UPS to address critical power load demand from data centers. A comprehensive renewable portfolio for the solar sector, along with longer-life traction and telecom batteries/solutions have been the other innovations introduced lately. Our futuristic product portfolio along with unparalleled customer service keeps us ahead of the curve and well-prepared for the future. Our lithium-ion cell manufacturing project is progressing well as per schedule. We are excited about the future and look forward to becoming one of the leading domestic players offering state-of-the-art products and solutions in the fast-growing electric mobility space as well as for stationary applications.” Result PDF28-07-2023
EXIDE INDUSTRIES LTD. - 500086 - Board Meeting Outcome for Submission Of Unaudited Financial Results For The Quarter Ended 30Th June 2023
This is in furtherance to our letter dated 26th June 2023, communicating the date of Board Meeting for consideration of Unaudited Financial Results for the quarter ended 30th June 2023. Please find enclosed the Unaudited Financial Results (Consolidated and Standalone) for the quarter ended 30th June 2023 which was approved and taken on record by the Board of Directors at its meeting held today i.e. 28th July 2023. The said results were reviewed by the Audit Committee of directors at its meeting held earlier during the day. A copy of the Limited Review Reports by the auditors on the said financial results are also enclosed. The copy of the Press Release being issued in this regard is also attached. The board meeting commenced at 12.00 Noon and concluded at 1.30 PM.28-07-2023
EXIDE INDUSTRIES LTD. - 500086 - Submission Of Unaudited Financial Results For The Quarter Ended 30Th June 2023
Please find enclosed the unaudited financial results for the quarter ended 30th June 2023.28-07-2023
Exide Industries expects growth in business
The upcoming lithium-ion cell manufacturing facility will give the company a distinct competitive edge15-07-2023
EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please be informed that 76th Annual General Meeting of the Company will be held on Tuesday 8th August 2023 at 10.30 AM through video conferencing/ other audio visual means. Pursuant to Regulation 47 of SEBI LODR we hereby enclose copies of the newspaper advertisement on 14th July 2023 in the following newspapers with regard to Notice of AGM, remote E-voting and annual report of the Company for FY 2022-23 (I) Business Standard (English) (II) Aajkal (Bengali)14-07-2023