Exide Industries Limited (NSE: EXIDEIND) is a leading Indian manufacturer of automotive and industrial batteries. The company was established in 1947 and has since then grown to become one of the largest battery manufacturers in India, with a market share of over 60%. The company operates in both the domestic and international markets and has a diversified portfolio of products and services.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹3,538.50 crore, a 7% increase from ₹3311.71 crore in the same period last year. The third quarter’s other income, which contributed ₹23.66 Crore to the Total Revenue. In the same time period, the company’s EBITDA increased up to ₹401 Crore from ₹373 Crore. Meanwhile, the Profit Before Tax improved to ₹301 Crore from ₹275 Crore from the same quarter previous year. The Consolidated Net Profit was ₹198.14 crore, up 11% from ₹117.96 crore in the same quarter last year. This quarter’s earnings per share was ₹2.34.