India's Exide Industries slides on Q4 profit fall

Exide Industries

30/04/2025 10:06

** Shares of Exide Industries EXID.NS fall as much as 4.4% to 353.8 rupees, set for sharpest decline since January 27
** The battery maker's fourth-quarter PAT fell 10.3% y/y to 2.55 bln rupees ($30.1 mln) due to higher raw material prices, sluggish two-wheeler sales

** Revenue from ops rose 3.7%, compared to a rise of 13.1% year ago
** Nearly 5.2 mln shares traded, ~2x its 30-day moving avg

** Avg rating of 17 analysts is "hold" and median PT is 428 rupees, ~20% higher than current price - data compiled by LSEG

** EXID extends YTD losses to ~14%

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))