In a press release post results, Exide said that the prices of input materials continue to remain on an increasing trend and hence there remains a continuous pressure on material costs, which is getting offset from the benefits accruing from various cost excellence projects.
For the June quarter, Exide's EBITDA margin expanded by 70 basis points to 12.2% from 11.5% last year. The management attributed the margin expansion to better price realisations, better produce mix and benefits from various cost excellence projects undertaken.
Exide's net profit increased by 14.6% from last year to ₹320.5 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased 11% year-on-year to ₹548 crore.
Revenue for the quarter was up 4.6% year-on-year to ₹4,509.8 crore.
Exide Industries mentioned that its solar business was the fastest growing segment supported by various government programs.
The replacement market demand for two and four-wheeler batteries continues to remain buoyant, registering double-digit growth in the mobility business, driven by advanced products and solutions, the management said.
The Industrial UPS business benefitted from increasing demand of critical power backup solutions in multiple sectors. However, the auto OEM business was impacted by lower demand from various vehicle manufacturers in both Passenger Vehicle and two-wheeler segments.
Shares of Exide Industries are recovering from the lows of the day, currently trading 1.8% lower at ₹383.75. The stock is down 10% so far in 2025.
