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Exide Industries Q3 FY25 results: Net sales flat at Rs 3,849 crore, net profit rises 2.1% to Rs 245 crore
Exide Industries posts steady 7% growth in PBT for first nine months of FY25; invests heavily in lithium-ion manufacturing
Exide Industries Limited, a leader in battery manufacturing, has reported a 7% year-on-year growth in Profit Before Tax (PBT) for the first nine months of FY25, signaling steady performance despite challenging market conditions.
Key financial highlights:
- Revenue from operations: Rs. 12,429 crore in 9MFY25, up from Rs. 12,020 crore in 9MFY24.
- PBT: Rs. 1,098 crore in 9MFY25, compared to Rs. 1,028 crore in 9MFY24.
- EBITDA margin: Improved to 11.7% in Q3FY25, up from 11.5% in Q3FY24.
- PAT: Rs. 822 crore in 9MFY25, compared to Rs. 769 crore in the same period last year.
While revenues remained flat in Q3FY25 at Rs. 3,849 crore, the company showcased resilience by expanding EBITDA margins, aided by stable commodity prices and a focus on operational excellence.
Business segment performance:
- Automotive aftermarket and exports: Achieved double-digit growth, driven by robust demand and strategic product portfolio expansion.
- Solar division: Witnessed strong growth, bolstered by government solarization programs and incentives.
- Automotive OEM and industrial sectors: Declined due to muted demand amidst a slowdown in government infrastructure spending.
As part of its foray into clean energy solutions, Exide Industries continues to make significant investments in its lithium-ion battery manufacturing unit under its subsidiary, Exide Energy Solutions Limited (EESL). In Q3FY25, the company infused Rs. 400 crore into EESL, with an additional Rs. 150 crore invested in January 2025. To date, the company has invested Rs. 3,302.23 crore into the project, which aims to serve India’s EV market and stationary applications.
Construction at EESL’s greenfield 12 GWh plant in Gujarat is progressing rapidly, with commercial operations expected to commence in FY26.
Avik Roy, MD & CEO of Exide Industries, stated, “Our operating profitability remains strong despite flattish overall sales, reflecting our focus on cost excellence. With buoyant replacement markets and an anticipated recovery in government and private capex, we are optimistic about future growth. Our lithium-ion cell manufacturing project will position us as a key player in India’s EV ecosystem.”
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