Exide Industries shares jump over 5% post Q3 earnings
Exide Industries rose more than 5% to Rs 361.3 in Wednesday's trade on the BSE, despite a 22% decline in consolidated net profit to Rs 158 crore for Q3 FY25, compared to Rs 203 crore in the same period last year.
Revenue from operations rose to Rs 4,017 crore in the third quarter, up from Rs 3,980 crore in the year-ago period.
«Although overall sales remained flattish in the quarter, attributable to a slowdown in government capex and other macroeconomic factors, we observed promising growth in the auto replacement and auto exports market segments,» said Exide Industries MD & CEO, Avik Roy.
Roy added that the near-term outlook is positive, with buoyant replacement markets and expectations of a rebound in government and private capex, which could boost industrial demand. He also mentioned that commodity prices are expected to remain stable.
«In our lithium-ion cell manufacturing project, construction work is going on in full swing, and the team is working relentlessly to ensure project completion. We intend to commercialize operations in FY26,» he added.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By —
