Exide Industries net profit declined by 22.24% in Q4FY20

Exide Industries one of the largest battery selling companies in India announced its Q4FY20 results with decline in profit by ~22%

Jun 05, 2020 06:06 IST India Infoline News Service

Exide Industries Limited announced their quarterly results for Q4FY20 on June 5, 2020. The company posted consolidated net revenue of Rs 3,474.68cr, which declined by 18.27% yoy. The revenue for the corresponding period in last year was at Rs 4,251.53cr. The EBITDA stood at Rs 360.21cr in Q4FY20, which declined by 29.03% yoy. The EBITDA was at Rs 507.52cr in Q4FY19.                                                      

The net profit in Q4FY20 came in at Rs 235.57cr, which declined by 22.24% compared to Q4FY19 when they reported at Rs 302.94cr                                                              

Net profit margin reported in Q4FY20 is at 6.78% with contraction of 35bps compared to Q4FY19 when it was 7.13%. The EBITDA margins for Q4FY20 was at 10.37% that declined by 157bps compared to Q4FY19.

Exide Industries Limited is a storage battery producing company and a life insurance company headquartered in Kolkata, India. It is the largest manufacturer of automotive and industrial lead-acid batteries in India.

The stock opened at Rs 171.35 with an intraday high of Rs 174 as on June 5,2020.
Particulars Q4FY2020 (Rs in cr) Q4FY2019 (Rs in cr) % VAR
Net Sales 3,474.68 4,251.53 -18.27
Operating Profit 360.21 507.52 -29.03
Net Profit 235.57 302.94 -22.24
EBITDAM% 10.37 11.94 -157bps
PATM% 6.78 7.13 -35bps

Related Story