Exide Industries Reports Mixed Q3 Results: Profit Margins Inch Up Amidst Flat Revenue

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On January 28, 2025, Exide Industries unveiled its financial results for the third quarter of the fiscal year 2024-25, revealing a complex picture of profitability and revenue performance.

The company reported a 2% increase in net profit, reaching ₹245 crore compared to ₹240.3 crore in the same quarter last year.

This modest growth in profit is a positive sign amidst a challenging market landscape.

Despite the rise in net profit, Exide’s revenue from operations remained relatively stagnant, showing only a 0.2% increase to ₹3,848.6 crore, up from ₹3,840.5 crore year-on-year.

This flat revenue growth raises questions about the company’s ability to expand its market share effectively in a competitive environment.

Key Financial Highlights:

• Net Profit: ₹245 crore, up 2% YoY.
• Revenue: ₹3,848.6 crore, up 0.2% YoY.
• EBITDA: Increased by 2% to ₹448.5 crore with an improved margin from 11.5% to 11.7%.

The results indicate that while Exide Industries has managed to enhance its profitability slightly, the overall revenue stagnation suggests potential challenges ahead.

The company has noted strong performance in the two-wheeler and four-wheeler replacement segments due to robust demand in the automotive aftermarket, although demand from original equipment manufacturers (OEMs) has been weaker.

In contrast, some reports highlighted a more significant decline in consolidated net profit by 22%, down to ₹158 crore from ₹203 crore year-on-year, despite an increase in revenue to ₹4,017 crore from ₹3,980 crore.

This discrepancy points to varying interpretations of Exide’s financial health and underscores the complexities of its operational environment.

As Exide Industries navigates these mixed results, stakeholders will be closely monitoring how the company adapts its strategies and operational focus to address market challenges and leverage growth opportunities moving forward.

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