Exide Industries Q1 results preview: PAT likely to grow 20.4% YoY; gross margins may remain flat
Exide Industries Q1 results: EBITDA margins are seen at 11.4 per cent as against 9.9 per cent in the year-ago period.
Exide Industries Q1 results: Exide Industries, India's leading battery manufacturing company, is all set to release its June quarter numbers (Q1FY24) on July 28. The company, as per Zee Business Research, is expected to post standalone revenue of Rs 4020 crore, up 3.1 per cent year-on-year (YoY), while earnings before interest, taxes, depreciation, and amortisation (EBITDA) are likely to grow 19.2 per cent YoY to Rs 460 crore. EBITDA margins are seen at 11.4 per cent as against 9.9 per cent in the year-ago period. Profit after tax (PAT), or net profit, is seen at Rs 272 crore, up 20.4 per cent YoY.
The research desk further says that the company's sales are expected to rise given the increase in demand in the replacement and original equipment manufacturer (OEM) segments. EBITDA will see an increase due to the company's cost-cutting measures and price hikes. Gross margins are expected to be flat due to an increase in the prices of lead.
Key monitorables include volumes, market share gain and outlook for lead prices. These aside, an update on the progress of the lithium-ion manufacturing facility, will also be eyed.
Exide Industries Q4 results
Key Financial Highlights: Q4FY23
- Revenue from operations increased by 4% and 18% in Q4FY23 and FY23, respectively.
- In Q4FY23, EBITDA and PBT grew at a steady rate of 5% and 3%, respectively, despite inflationary trends persisting in the economy. EBITDA and PBT margins respectively were 10.4% and 7.9% in Q4FY23, compared to 10.2% and 8.0% in Q4FY22.
- For the full year FY23, EBITDA and PBT have grown at a healthy rate of by 12% and 18%, respectively.
- Our liquidity position is strong with healthy cash flow generation in FY23, and we maintained our zero-debt position in the balance sheet as on 31st March 23.
- The Board of Directors has proposed a final dividend of Rs. 2.00 per equity share for FY
- 2022 23.
About Exide Industries
Exide Industries designs, manufactures, markets, and sells a wide range of lead acid storage batteries in the world from 2.5Ah to 20,200Ah capacity. The batteries are manufactured for automotive, power, telecom, infrastructure projects, computer industries, as well as railways, mining, and defence sectors. The company claims it enjoys a leadership position in India and its exports span 60 countries across six continents.
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