India's Exide Industries beats first-quarter profit estimates on better demand

Exide Industries

05/08/2025 09:22

Aug 5 (Reuters) - Indian battery maker Exide Industries EXID.NS reported a higher-than-expected first-quarter profit on Tuesday, helped by higher demand for its products.

The company's profit after tax rose 14.6% year-on-year to 3.2 billion rupees ($36.45 million) in the three-month period ended June 30. Analysts, on average, expected a profit of 3.02 billion rupees, as per data compiled by LSEG.

Revenue from operations rose 4.6% to 45.1 billion rupees, while total expenses rose 3.7%, led by a 9% growth in cost of materials consumed.

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KEY CONTEXT

Exide operates through two primary verticals, business-to-business and business-to-consumer, both of which serve automotive clients, with roughly two-thirds of its revenue derived from the automotive sector.

Exide makes batteries for two-, three- and four-wheelers.

Earnings before interest, taxes, depreciation, and amortization margin improved to 12.2% during the quarter compared to 11.5% a year ago, driven by better price realisation, improved product mix, the company said in a statement.

Rivals Bosch BOSH.NS reported a higher first-quarter profit on Monday, while Amara Raja Energy & Mobility AMAR.NS is yet to report quarterly results.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
Exide Industries Ltd
EXID.NS
25.67
15.23
8.18
13.69
Hold
12
0.99
0.51
Amara Raja Energy & Mobility Ltd
AMAR.NS
16.85
8.99
9.56
14.81
Hold
9
0.82
1.10
Bosch Ltd
BOSH.NS
50.02
41.66
10.39
13.07
Hold
4
1.37
1.25

* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 87.7860 Indian rupees

Exide Industries Q1 stock perf https://tmsnrt.rs/47b1C32

 (Reporting by Meenakshi Maidas in Bengaluru; Editing by Rashmi Aich)

 ((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))