Q4FY24 Quarterly & FY24 Annual Result Announced for Exide Industries Ltd.
Auto parts & Equipment company Exide Industries announced Q4FY24 & FY24 results: Financial Highlights: Revenue from operations: Q4FY24: Rs 4,009 crore, a 13% increase from Q4FY23. FY24: Rs 16,029 crore, a 10% increase compared to FY23. EBITDA: Q4FY24: Rs 516 crore, up by 41% YoY. FY24: Rs 1,871 crore, a 19% increase from YoY. Profit Before Tax (PBT): Q4FY24: Rs 382 crore, marking a 37% growth from Q4FY23. FY24: Rs 1,410 crore, 16% higher than FY23. Profit After Tax (PAT): Q4FY24: Rs 284 crore. FY24: Rs 1,053 crore. Earnings Per Share (EPS): Q4FY24: Rs 3.34. FY24: Rs 12.39. Dividend: The Board has proposed a final dividend of Rs 2.00 per equity share for FY24. Commenting on the performance - Subir Chakraborty, MD & CEO, said: "We had one of the best quarterly performances, with sales and operating profits growing by 13% and 41%, respectively. Demand scenario was upbeat, and our diversified and technologically advanced product offerings helped us capture the opportunities across end customer markets. EBITDA margin increased to 12.9% during the quarter from 10.4% in the same quarter last year. For the full financial year, our performance was commendable with sales and operating profits growing by 10% and 19%, respectively. Outlook is positive both for the Automotive and Industrial verticals and we aim to deliver healthy sales growth and increase in profitability in near-tomedium term. Our lithium-ion cell manufacturing project is progressing well and is expected to be commissioned within defined timelines. We are positive about the future and are very well positioned to capitalize on opportunities both in the lead-acid as well as in the lithium-ion battery space." Result PDF30-04-2024