Exide Industries Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Exide Industries Ltd reported a 10.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 0.6%.
- Its expenses for the quarter were down by 8.8% QoQ and up 1.8% YoY.
- The net profit decreased 32.1% QoQ and decreased 21.8% YoY.
- The earnings per share (EPS) of Exide Industries Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 4029.41 | 4490.25 | 4005.03 | -10.3% | 0.6% |
Total Expenses | 3791.49 | 4157.63 | 3724.30 | -8.8% | 1.8% |
Profit Before Tax | 237.92 | 332.62 | 280.73 | -28.5% | -15.2% |
Tax | 79.58 | 98.97 | 77.95 | -19.6% | 2.1% |
Profit After Tax | 158.44 | 233.40 | 202.69 | -32.1% | -21.8% |
Earnings Per Share | 1.80 | 2.70 | 2.40 | -33.3% | -25.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Exide Industries Ltd is a leading manufacturer in the storage battery industry, primarily operating in the automotive and industrial sectors. The company is known for producing a range of lead-acid storage batteries catering to automotive, power, telecom, infrastructure, computer industries, railways, mining, and defense sectors. Exide Industries has a significant presence in the Indian market and is also involved in international markets. The company continues to innovate and expand its product lines, maintaining its leadership in the battery manufacturing domain. However, specific details about recent major developments are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Exide Industries reported a total income of ₹4029.41 crores. When compared to the previous quarter (Q2FY25), the total income decreased by 10.3%, from ₹4490.25 crores. This represents a quarter-over-quarter decline. On a year-over-year basis, total income saw a slight increase of 0.6%, rising from ₹4005.03 crores in Q3FY24 to ₹4029.41 crores in Q3FY25. These figures indicate the movement in revenue generation over the specified periods, reflecting the company's sales performance.
Profitability
The Profit Before Tax (PBT) for Q3FY25 stood at ₹237.92 crores, experiencing a significant decrease of 28.5% from the previous quarter's ₹332.62 crores. Year-over-year, PBT declined by 15.2% from ₹280.73 crores in Q3FY24. After accounting for tax expenses of ₹79.58 crores in Q3FY25, Profit After Tax (PAT) totaled ₹158.44 crores. This marks a decline of 32.1% from ₹233.40 crores in Q2FY25 and a 21.8% decrease from the ₹202.69 crores recorded in Q3FY24. Earnings Per Share (EPS) followed this trend, dropping to ₹1.80 in Q3FY25 from ₹2.70 in Q2FY25, a quarter-over-quarter decrease of 33.3%, and a year-over-year decline of 25.0% from ₹2.40 in Q3FY24.
Operating Metrics
Total expenses for Exide Industries in Q3FY25 were ₹3791.49 crores, which represents an 8.8% reduction from the previous quarter's expenses of ₹4157.63 crores. On a year-over-year basis, total expenses increased slightly by 1.8% from ₹3724.30 crores in Q3FY24. These figures illustrate the company's efforts in managing operational costs over time. The tax expense for the quarter was ₹79.58 crores, which is a 19.6% decrease from Q2FY25's ₹98.97 crores, and a 2.1% increase from the ₹77.95 crores recorded in Q3FY24. These operational metrics provide insight into the cost structure and financial management of the company during the reported periods.
