Shares of Exide Industries Ltd surged 2.9% to ₹353.30 following the release of its Q3 FY25 financial results. The company reported a 2% YoY increase in net profit to ₹245 crore, compared to ₹240.3 crore in Q3 FY24.
Revenue from operations grew marginally by 0.2% to ₹3,848.6 crore, up from ₹3,840.5 crore in the same quarter last year. At the operational level, EBITDA increased by 2% to ₹448.5 crore, with an EBITDA margin of 11.7%, slightly improving from 11.5% in Q2 FY24.
Segment Performance
Exide saw double-digit growth in both the two-wheeler (2W) and four-wheeler (4W) replacement segments, driven by robust demand in the automotive aftermarket. Additionally, the solar segment reported strong revenue growth, aided by government incentives and solarization programs. However, demand from automotive OEMs remained subdued, impacting the company’s performance in that segment.
The industrial infrastructure segment also faced challenges due to lower government infrastructure spending and muted private capex outlay. On the positive side, automotive exports showed strong growth, supported by strategic export-focused initiatives.
During the quarter, Exide invested ₹400 crore as equity in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), with an additional ₹150 crore infused in January 2025. This brings Exide’s total investment in EESL to ₹3,302.23 crore, including past investments in the now-merged subsidiary EEPL.
Despite mixed performance across various segments, Exide maintained steady operating profitability, with an EBITDA margin of 11.5% for the first nine months of FY25, up from 11.3% in the previous year.
As of 9:21 AM, Exide Industries shares were trading at ₹353.30, reflecting a 2.90% gain from the previous close of ₹343.35. The company has a market capitalization of ₹29,397 crore, a P/E ratio of 35.16, and a dividend yield of 0.58%.