EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Analyst/Investor meet13-05-2022
13-05-2022
EXIDE INDUSTRIES LTD. - 500086 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Submission of Annual Secretarial Compliance Report for the financial year ended 31st March, 202210-05-2022
EXIDE INDUSTRIES LTD. - 500086 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation under Regulation 39(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 201509-05-2022
Buy Exide; target of Rs 190: Motilal Oswal
Motilal Oswal is bullish on Exide recommended buy rating on the stock with a target price of Rs 190 in its research report dated May 05, 2022.07-05-2022
Exide begins production at India's largest lithium-ion battery plant with partner Leclanche
With total installed capacity of 1.5 GWh, the plant has six automated assembly lines on which it will produce batteries06-05-2022
EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed Press Release with regard to the Board Meeting held today i.e. Thursday, 5th May 2022,05-05-2022
Q4FY22 Quarterly Result Announced for Exide Industries Ltd.
Auto Parts company Exide Industries announced Q4FY22 results: Exide reports 16% year-on-year sales growth in the fourth quarter of financial year 2021- 22 Revenue from operations grew at an impressive rate of 16.0% and 23.3% in Q4FY22 and FY22, respectively. The company's efforts towards cost optimisation have helped lower fixed costs appreciably. Total fixed expenses (employee costs and other expenses) were 19.5% of sales in FY22 against 21.0% in FY21. However, the handsome gains from fixed cost optimisation could not fully neutralise the inflationary impact due to escalation in input costs, coupled with high fuel & freight costs. PBT (excluding exceptional items) declined by 17.8% in Q4FY22 and registered a marginal growth of 0. 7% in FY22 The balance sheet remains strong with zero debt and a comfortable liquidity position Commenting on the performance - Mr. Subir Chakraborty, MD & CEO, said "During the fourth quarter, sales growth of 16% is supported by overall volume growth and calibrated pricing strategies, implemented across various verticals. For the full financial year 2021- 22, sales grew at a robust rate of 23%. The company was successful in appreciably lowering fixed costs; however, this could not fully neutralise the inflationary impact of sharp and continued escalation in prices of inputs, coupled with runaway fuel and freight costs, leading to decline in operating margins. Lowering of fixed costs came about from the bold initiatives undertaken in sales transformation and cost compression strategies, which are presently yielding handsome results. Exide is strategically moving forward towards accomplishing its aspiration of becoming a leading player in the rapidly emerging new-age electric mobility and stationary application businesses. We are excited to partner with SVOL T which has strong technical expertise, R&D; capabilities, and rich experience in manufacturing lithium-ion batteries. Under the newly formed wholly owned subsidiary, Exide Energy Solutions Ltd., Exide plans to set-up a multi-gigawatt hour lithium-ion cell manufacturing facility. Spread out across two popular cell chemistries and three cell formats, this unit shall be uniquely placed to cater to the diverse requirements of customers in India." Result PDF05-05-2022
EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, this is to inform you that based on recommendation of Audit Committee of the Company, the Board has, at its meeting held today, recommended the re-appointment of M/s B S R & Co. LLP, Chartered Accountants (Firm registration no. 101248W/ W-100022) as statutory auditor of the Company for a second term of five consecutive years commencing from the conclusion of 75th AGM scheduled to be held in the year 2022 till the conclusion of the 80th AGM to be held in the year 2027, subject to the approval of the shareholders of the Company. M/s B S R & Co. (''the firm '') was constituted on 27 March 1990 as a partnership firm having firm registration no. as 101248W. It was converted into limited liability partnership i.e. B S R & Co. LLP on 14 October 2013 thereby having a new firm registration no. 10I248WI W-100022.05-05-2022
EXIDE INDUSTRIES LTD. - 500086 - Board Meeting Outcome for Outcome Of Board Meeting Held On 5Th May 2022
Outcome of Board meeting held on 5th May 202205-05-2022
EXIDE INDUSTRIES LTD. - 500086 - Board Meeting Outcome for Outcome Of Board Meeting Held On 5Th May 2022
Outcome of Board meeting held on 5th May 202205-05-2022