Exide Industries, a manufacturer of storage batteries and allied products, will report first-quarter 2024 earnings today. The company will most likely provide business updates for the first quarter.
Listen to Exide Industries’ Q1 earnings call live and check real-time transcript
In the previous quarter, Exide Industries reported Total Income for Q4 FY23 of ₹3,712.88 Crore up from ₹3,541.44 Crore year on year, a decline of 4.8%. The consolidated Net Profit of ₹181.07 Crore, up 28.9% from ₹140.50 Crore in the same quarter of the previous year.
The company’s sales are predicted to increase given the rise in demand in the replacement and original equipment manufacturer (OEM) segments, according to research from Zee Business. Due to the company’s cost-cutting initiatives and price increases, EBITDA will rise. Given the rise in lead prices, gross margins are predicted to remain unchanged.