Exide Industries Faces Potential Supply Chain Disruption as China Halts Magnet Exports to India
Exide Industries, a leading Indian battery manufacturer, may experience significant production disruptions due to China's reported halt on magnet exports to India. These magnets are crucial for battery manufacturing, potentially impacting Exide's supply chain and operations. The situation highlights the vulnerability of India's battery industry to international supply disruptions and may necessitate alternative sourcing strategies or technological adaptations.
07May 25
Exide Industries Reports Slight EBITDA Margin Pressure Amid Rising Raw Material Costs
Exide Industries, a leading battery manufacturer, reported a 4.82% increase in revenue to Rs 4,379.50 crore for Q4 FY2025. Despite facing pressure on EBITDA margins due to increased raw material costs, the company managed to grow its EBITDA by 4.15% to Rs 472.00 crore. Net profit rose by 1.18% to Rs 187.90 crore. The company's ability to maintain growth while navigating raw material cost challenges demonstrates its strong market position and effective cost management strategies.
Exide Industries reported a 3.7% increase in standalone revenue to Rs 4,159.42 crore for Q4 FY25, but net profit decreased by 10% to Rs 254.60 crore. Full-year revenue grew 3.5% to Rs 16,588.11 crore, with net profit up 2.3% to Rs 1,076.93 crore. The company saw strong performance in automotive replacement and industrial UPS markets, but faced challenges in Home-UPS and Auto OEM segments. Significant leadership changes were announced, including the retirement of Chairman Bharat D Shah and the appointment of Sridhar Gorthi as the new Chairman. The company also reported progress on its lithium-ion cell manufacturing project.
30Apr 25
Exide Industries Reports Strong Growth in Q4, Advances on Lithium-Ion Plant
Exide Industries posted standalone revenues of Rs. 4,159.00 crore in Q4 FY2024-25, up 3.50% YoY and 8.10% QoQ. EBITDA stood at Rs. 467.00 crore, up 4.00% QoQ. The company saw strong growth in replacement markets and industrial UPS trade business. Its lithium-ion cell manufacturing project progressed with Rs. 1,000.00 crore invested in FY2024-25. The Board proposed a final dividend of Rs. 2.00 per equity share.
30Apr 25
Exide Industries: Q4 Profit Declines 11%, Demand Expected to Improve
Exide Industries reported a 4% increase in Q4 FY2024-25 revenue to 4,159.00 crore rupees, but faced profitability challenges with an 11% decrease in net profit to 254.00 crore rupees. The company plans to invest up to 1,200.00 crore rupees in Exide Energy Solutions and declared a dividend of 2.00 rupees per equity share. Despite Q4 challenges, Exide maintains a positive outlook on future demand.
21Apr 25
Exide Industries Bolsters Energy Solutions Arm with ₹300 Crore Investment
Exide Industries has announced a strategic investment of ₹300 crore in its subsidiary, Exide Energy Solutions. This move aims to strengthen the company's position in the energy storage and management sector, aligning with global trends in renewable energy and electric mobility. The investment is expected to drive innovation, diversify Exide's portfolio beyond traditional lead-acid batteries, and enhance its market positioning in the competitive energy solutions market.
17Apr 25
Exide Industries Bolsters Energy Solutions Arm with ₹300 Crore Investment
Exide Industries has invested ₹300 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), by subscribing to 8.33 million equity shares at ₹36 per share. This brings Exide's total investment in EESL to ₹3,602.23 crore, while maintaining 100% ownership. EESL, focused on lithium-ion battery production for electric vehicles and stationary applications, is setting up a plant in Bengaluru. As of March 31, 2024, EESL reported a net worth of ₹1,981.56 crore, turnover of ₹239.14 crore, and a loss after tax of ₹149.45 crore.