EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find letter enclosed in this regard.07-11-2023
07-11-2023
EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached press release wrt Financial results of the Company for the quarter and half year ended 30th September 202306-11-2023
EXIDE INDUSTRIES LTD. - 500086 - Board Meeting Outcome for Outcome Of Board Meeting - 6Th November 2023
Please find enclosed letter in this regard.06-11-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Exide Industries Ltd.
Auto Parts & Equipment company Exide Industries announced Q2FY24 & H1FY24 results: 1. Financial Performance: Standalone Q2FY24: Revenue from operations increased from Rs 3,730 crore in Q2FY23 to Rs 4,107 crore in Q2FY24, indicating a growth of 10.0%. EBITDA increased from Rs 413 crore in Q2FY23 to Rs 483 crore in Q2FY24, reflecting a growth of 16.9%. PBT increased from Rs 330 crore in Q2FY23 to Rs 385 crore in Q2FY24, showing a growth of 16.7%. PAT increased from Rs 246 crore in Q2FY23 to Rs 287 crore in Q2FY24, representing a growth of 16.7%. Earnings Per Share (EPS) increased from Rs 2.90 in Q2FY23 to Rs 3.38 in Q2FY24. Standalone H1FY24: Revenue from operations increased from Rs 7,637 crore in H1FY23 to Rs 8,179 crore in H1FY24, indicating a growth of 7.1%. EBITDA increased from Rs 800 crore in H1FY23 to Rs 915 crore in H1FY24, reflecting a growth of 14.4%. PBT increased from Rs 633 crore in H1FY23 to Rs 707 crore in H1FY24, showing a growth of 11.7%. PAT increased from Rs 473 crore in H1FY23 to Rs 529 crore in H1FY24, representing a growth of 11.8%. Earnings Per Share (EPS) increased from Rs 5.56 in H1FY23 to Rs 6.22 in H1FY24. 2. Cost Management: - The company achieved lower fixed costs, with other expenses as a percentage of sales declining in Q2FY24. - Effective cost optimization initiatives contributed to the growth in profits. 3. Cash Flow and Balance Sheet: - Exide Industries generated high cash flows and maintained a comfortable balance sheet with zero debt levels. - Working capital management and healthy profits contributed to the positive cash flow. 4. Sales and Demand: - Demand for Exide batteries started picking up in both the OEM and replacement markets, supporting sales growth. - Large-scale public and private sector investments in various sectors are driving sales growth in the industrial division. 5. Investment in Exide Energy Solutions Limited (EESL): - Exide invested Rs 275 crore in EESL during Q2FY24, bringing the total equity investment in EESL to Rs 1,530 crore. - The lithium-ion cell manufacturing project under EESL is progressing well, with construction works underway. Commenting on the performance, Subir Chakraborty, MD & CEO, said, "We continue to deliver an upbeat performance with operating profits growing by 17% and 14% in the second quarter and the first half of the current financial year respectively. Sales growth of 10% during the quarter was broad-based with both automotive and industrial verticals growing at a healthy pace. Input costs were slightly lower, and this with effective cost optimisation initiatives aided growth in profits. In the near-to-medium-term, we are optimistic about the demand scenario and believe that with our future-ready product portfolio, pan-India market presence and cost efficiencies, we will continue to deliver sustainable and profitable growth. Our lithium-ion cell manufacturing project is progressing well. 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 PDF06-11-2023
EXIDE INDUSTRIES LTD. - 500086 - Unaudited Financial Results For The Quarter And Six Months Ended 30Th September 2023
Please find letter enclosed in this regard06-11-2023
EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III thereto, we wish to inform you that Earnings call will be held on Wednesday, 8th November 2023 for the Q2 FY23-24 business update. Earnings call invitation is enclosed herewith for your kind reference. This communication is also being uploaded on the website of the Company at www.exideindustries.com.01-11-2023
FO Buzzer: Short Exide Industries and HPCL, says analyst; predicts downside on second half of expiry
At 1:39 pm on October 26, Hindustan Petroleum was down 2.36 percent to Rs 240.25 while Exide Industries were trading at Rs 245.15, down 2 percent26-10-2023
Exide Industries invests Rs 100 crore in subsidiary, share gains
This is the company's second such investment in Exide Energy Solutions Limited in as many months. EESL makes lithium-ion battery cells, modules and packs for the electric vehicle market18-10-2023
EXIDE INDUSTRIES LTD. - 500086 - Announcement under Regulation 30 (LODR)-Acquisition
This is to inform you that on 17th October 2023 the Company has invested Rs 1,00,00,00,015 by the way of subscription in the equity share capital of its wholly owned subsidiary Exide Energy Solutions Limited on Right basis. The detailed disclosure is enclosed.17-10-2023