EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Acquisition
This is to inform you that on 25th Jan 2024 Exide Industries Ltd has invested Rs 50,00,00,023 by way of subscription in the equity share capital of its wholly owned subsidiary Exide Energy Solutions Ltd. The details are attached. Q3FY24 Quarterly & 9MFY24 Result Announced for Exide Industries Ltd.
Auto Parts & Equipment company Exide Industries announced Q3FY24 & 9MFY24 results: Key Financial Highlights: Q3FY24 vs Q3FY23: Revenue Growth: Q3FY24 Revenue from Operations increased to Rs 3,841 crore, showing a significant growth of 12.4% compared to Q3FY23 (Rs 3,412 crore). EBITDA Improvement: EBITDA for Q3FY24 reached Rs 440 crore, marking a solid YoY growth of 9.7% from Q3FY23 (Rs 401 crore). Profitability Increase: Both PBT and PAT demonstrated growth in Q3FY24. PBT rose to Rs 321 crore, reflecting a 6.6% YoY increase from Q3FY23 (Rs 301 crore). PAT increased to Rs 240 crore, indicating a YoY growth of 7.6% from Q3FY23 (Rs 223 crore). Earnings Per Share (EPS): The EPS for Q3FY24 stood at Rs 2.83, showcasing a positive trend compared to Q3FY23 (Rs 2.63). 9MFY24 vs 9MFY23: Revenue Growth: In 9MFY24, Revenue from Operations reached Rs 12,020 crore, reflecting a growth of 8.9% compared to 9MFY23 (Rs 11,049 crore). EBITDA Expansion: EBITDA for 9MFY24 expanded to Rs 1,355 crore, indicating a YoY growth of 12.4% from 9MFY23 (Rs 1,201 crore). Profitability Surge: PBT increased to Rs 1,028 crore, representing a YoY growth of 10.0% from 9MFY23 (Rs 934 crore). PAT surged to Rs 769 crore, reflecting a YoY growth of 10.5% from 9MFY23 (Rs 696 crore). Earnings Per Share (EPS): The EPS for 9MFY24 stood at Rs 9.05, indicating a positive trajectory compared to 9MFY23 (Rs 8.19). Business Highlights: Cost Optimization: Other expenses decreased to 13.6% of sales from 14.3% in Q3FY23. Automotive Division: Notable uptrend in demand in both OEM and Replacement markets with broad-based demand recovery. Industrial Division: Benefiting from large investments in various sectors like BFSI, Renewables, Telecom, and Infrastructure. Equity Investment: Exide invested Rs 730.01 crore in the wholly owned subsidiary, Exide Energy Solutions Limited (EESL), with a cumulative investment of Rs 1,820.01 crore till December 2023. Lithium Cell Manufacturing Plant: Onsite construction works and organizational setup are progressing at a planned pace, with ongoing training of the technical team. Commenting on the performance, Subir Chakraborty, MD & CEO, said, 'It was another quarter of strong performance, with sales and operating profits growing by 13% and 10%, respectively. Demand was positive in both automotive and industrial divisions, and we achieved healthy growth in our key end-customer markets. However, EBITDA margin was marginally lower than the same quarter in the previous year mainly on account of input cost inflation. We are optimistic about the future and are witnessing signs of demand pick-up across key verticals. Input cost inflationary pressures have started easing, which coupled with our cost optimisation initiatives is expected to support margins. We will continue to focus on delivering healthy sales growth and improvement in profitability levels in the near-to-medium term. Our lithium-ion cell manufacturing project is progressing as per scheduled timelines. Design and construction works are on track, and we are focusing on the onboarding of customers on the one hand and securing strong raw material supply-chain linkages on the other. 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 stationary applications.' Result PDF EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed copy of press release issued by the Company EXIDE INDUSTRIES LTD. - 500086 - Board Meeting Outcome for Outcome Of Board Meeting - 24Th January 2024
The Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 31st December 2023 was approved and taken on record by the Board of Directors. The said results were reviewed by the Audit committee of directors at its meeting held earlier today. A copy of the unaudited financial results along with Limited Review Reports by the Auditors on the said financial results are enclosed. The copy of the Press Release being issued in this regard is also attached herewith. EXIDE INDUSTRIES LTD. - 500086 - Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2023
Please find letter enclosed in this regard. EXIDE INDUSTRIES LTD. - 500086 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of SEBI LODR we would like to inform you that RTA of Company M/s CB Management Services Pvt Ltd has received request for loss of share certificate. The letter is attached. EXIDE INDUSTRIES LTD. - 500086 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Please find letter enclosed in this regard.
Exide Industries Raises Corporate Guarantee To Subsidiary By Rs 1,000 Crore
The battery manufacturing major said that the corporate guarantee extension does not have any impact on the company. EXIDE INDUSTRIES LTD. - 500086 - Increase In Corporate Guarantee Limit From Rs.2000 Cr To Rs.3000 Cr To Its Wholly Owned Subsidiary
As per the letter attached. EXIDE INDUSTRIES LTD. - 500086 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find letter enclosed in this regard.