Exide Industries Ltd, a battery manufacturing firm in India, has posted its Q3 FY 18-19 numbers today evening. The company has posted mixed set of numbers for the quarter.
Company’s revenue from operations stood at INR 2496.84 Cr for the quarter ended 31st December 2018 versus INR 2278.29 Cr same period last year, reporting 9.59% increase YoY basis. The same was stood at INR 2720.35 Cr for the second quarter, registering 8.20% dip quarter-on-quarter basis.
The Company’s net profit after tax (PAT) reported at INR 155.04 Cr for Q3 FY 2018-19 as against INR 154.27 Cr for Q3 last year, showing subdued growth year-on-year basis. Net Profit for the second quarter stood at INR 268.41 Cr, showing 42.24% decrease QoQ basis.
About Exide Industries
Headquartered in Kolkata, Exide Industries Limited (EIL) manufactures lead acid storage batteries and inverters.
History: Exide Industries Limited has started its operations in 1947 as Associated Battery Makers (Eastern) Ltd to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company (India) Ltd in India.
Business: For more than six decades, Exide has been one of India’s most reliable brands, manufactures lead acid storage batteries from 2.5 ampere-hour to 20,600 ampere-hour. The products manufactured by the company include automotive batteries, industrial batteries and submarine batteries.
Brands: The Company sells its products under EXIDE, SF, SONIC and Standard Furukawa Brands. In the international market, the products are sold under DYNEX, INDEX and SONIC brands.
Factories: Exide Industries has 9 factories located all over India out of which 7 factories are dedicated to batteries manufacturing and the other 2 factories manufacture Home UPS Systems. The company has a R&D facility at Kolkata, West Bengal.
Subsidiaries: Exide has subsidiaries in the UK, Singapore and Sri Lanka and its exports span 45 countries across 6 continents.
Stock Price Movement
The stock ended INR 13.60 or 1.85% higher to INR 747.72 when the market closed on Friday! During Q3 FY 2018-19, the share prices of Exide Industries has made a low of INR 237 and high of INR 274
Exide Industries on Technical Charts
The stock prices of Exide is trading 12.70% lower when compared to its 200 EMA (252) and trading 11.30% lower when compared to its 50 EMA (248)
Average Return
The stock has given -19.11 returns over the past six months and 7.37% positive returns over the last 12 months.
Exide Industries current market cap is more than INR 18700 Cr and trading at a PE ratio of 23
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