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What is the story about?
Exide Industries reported its numbers for the December quarter, which were broadly in line with Street expectations.
On an operating basis, the company's EBITDA grew 4.6% year-on-year to ₹469 crore from ₹448.4 crore. The figure was marginally ahead of the CNBC-TV18 poll estimate of ₹466 crore.
EBITDA margin stood at 11.60%, beating the Street's expectation of 10.90% and remaining flat on a year-on-year basis.
Net profit rose 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.
Following the earnings announcement, shares of Exide Industries Ltd. were trading 0.47% higher at ₹322.35.
On an operating basis, the company's EBITDA grew 4.6% year-on-year to ₹469 crore from ₹448.4 crore. The figure was marginally ahead of the CNBC-TV18 poll estimate of ₹466 crore.
EBITDA margin stood at 11.60%, beating the Street's expectation of 10.90% and remaining flat on a year-on-year basis.
Net profit rose 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.
Following the earnings announcement, shares of Exide Industries Ltd. were trading 0.47% higher at ₹322.35.
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