Exide Industries Q4 Profit Falls 11% to ₹254 Crore

1 May 2025 , 12:49 AM

Exide Industries Ltd has announced its Q4FY25 on April 30, witnessing a year-on-year fall of 11% in net profit to ₹254 crore from ₹285 crore during Q4FY24. The company’s top line from operations went up 4% at ₹4,159 crore from ₹4,009 crore in the corresponding quarter last year.

EBITDA stood at ₹466.6 crore, falling 9.6% compared to ₹516 crore in the corresponding quarter last year. EBITDA margin contracted to 11.2%, as against 12.3% in Q4FY24, mainly due to higher raw material costs. The company attributed a steep rise in antimony prices over the last six months, which impacted its operating margins.

A final dividend of ₹2 per equity share (of face value of ₹1 each) for the year ended March 31, 2025, subject to approval by the shareholders, has been announced by the board.

Exide’s balance sheet is debt-free and with good cash generation. During FY25, the company generated ₹1,298 crore of operating cash flow, which still strengthened its healthy liquidity. Exide will be investing ₹1,200 crore in its group firm Exide Energy Solution in the future, enhancing its clean energy stake.

Managing Director and CEO Avik Roy said the FY25 was challenging due to macroeconomic tailwinds, which led to muted capex and investments across sectors.

Despite total sales growth being moderate, double-digit increases were recorded in the auto replacement battery, industrial UPS, and the solar units. Auto OEMs and industrial vertical were affected by soft demand, however.

Roy is optimistic regarding future demand but stated that the focus would still be on increasing sales and optimizing cost efficiency. Regarding the company’s lithium-ion cell project, he added that project construction is as per schedule and Exide has the ability to initiate commercial production in FY26.