Exide Q4 Results: Revenue Surges Over 13%, Profit Up On EV Play

Exide Industries Ltd. clocked a sharp growth in the fiscal fourth quarter as India’s biggest battery maker doubled down on its EV play.

Consolidated net profit of the Kolkata-based company rose 2.54% over the previous year to Rs 185.7 crore in the quarter ended March 31, 2024, on the back of revenue that jumped 13.49% to Rs 4,173 crore, according to an exchange filing on Tuesday.

• Revenue up 13.5% at Rs 4,173 crore

• Ebitda up 20.55% at Rs 448 crore

• Ebitda margin up 62 bps at 10.73%

• Net profit up 2.54% at Rs 185.7 crore

One basis point is one-hundredth of a percentage point.

Additionally, the company has declared a dividend of Rs 2/share.