Exide Industries Q3 Results: Net profit, revenue rise; margin flat at 11.60%

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.