Exide Industries reported strong financial performance for the December quarter, with net profit rising 4.9% year-on-year to ₹257 crore, compared with ₹245 crore in the same quarter last year. Revenue for the quarter increased 4.7% to ₹4,029 crore from ₹3,848 crore a year ago, according to reports from CNBC TV18. The topline growth indicates stable demand conditions during the quarter, with the company demonstrating resilience in profitability despite margin pressures in the battery manufacturing sector.
On an operating basis, the company's EBITDA grew 4.6% year-on-year to ₹469 crore from ₹448.4 crore. Despite the rise in EBITDA, the operating margin remained flat at 11.60% on a year-on-year basis, reflecting limited change in cost structures. The figure was marginally ahead of the CNBC-TV18 poll estimate of ₹466 crore, with the margin beating Street's expectation of 10.90%.
Following the earnings announcement, shares of Exide Industries Ltd. were trading 0.47% higher at ₹322.35. The results were broadly in line with Street expectations, with the company demonstrating resilience in profitability despite margin pressures in the battery manufacturing sector. The modest year-on-year improvement across profit, revenue, and operating earnings, while maintaining stable margins, was well-received by the market.
