Exide Industries Q1 Results: Net profit rises 24 % to Rs 275 crore
ADVERTISEMENT The company had posted a net profit of Rs 221 crore in the corresponding period last year.
Consolidated revenue from operations rose 5.9 per cent YoY to Rs 4,695 crore in Q1FY'26 from Rs 4,436 crore in the year-ago period of the 2024-25 fiscal (FY'25), while total income stood at Rs 4,723 crore.
The battery maker said its consolidated profit before tax rose to Rs 385 crore from Rs 316 crore in the year-ago period.EBITDA margin, on a standalone basis, improved to 12.2 per cent during the quarter, helped by better price realisation, favourable product mix, and gains from cost optimisation measures across manufacturing facilities, the company said.
The quarter witnessed double-digit growth in the auto replacement, solar, and industrial UPS segments, though demand remained subdued in the auto OEM and exports verticals, Managing Director & CEO Avik Kumar Roy said in a statement.
ADVERTISEMENT The company said its lithium-ion cell manufacturing subsidiary, Exide Energy Solutions Ltd (EESL), saw continued project progress, with Rs 300 crore invested in Q1FY'26 and an additional Rs 100 crore in July.
The greenfield facility is expected to begin production by the end of FY'26.
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
15 minutes ago
- Time of India
RBI finalises co-lending framework starting Jan 2026
Mumbai: RBI has come out with final co-lending rules for banks and non-banks which allow dual lending with a single KYC. The final norms mandate blended lending rates, irrevocable funding commitments, and escrow-based cashflow distribution, while keeping first loss default guarantee. These, along with capital impacts and lower returns, could make co-lending less attractive for originators. A 15-day loan transfer deadline may also drive lenders toward simpler direct assignment deals, ICRA said. The framework will become effective Jan 1, 2026. Credit enhancement for bonds RBI's norms on non-fund credit have allowed banks, financial institutions and NBFCs to offer partial credit enhancement to make certain types of bonds safer for investors. This facility can be extended to bonds issued by registered entities-municipal corporations, companies or special-purpose vehicles-for funding any type of project by large, non-deposit-taking NBFCs with assets of Rs 1,000 crore or more, subject to specified conditions. Call rate as policy anchor An RBI panel has recommended keeping the weighted average call rate as the main monetary policy target. It suggested ending 14-day variable rate repo and reverse repo (VRR/VRRR) auctions as the main liquidity tool, replacing them with 7-day operations and flexible terms up to 14 days when needed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Signs That A Heart Attack Is Imminent Learn It Wise Undo The RBI should usually give at least a day's notice for such actions, but can act the same day in special cases. Variable rate auctions will continue for all repo and reverse repo operations, including longer tenors. Existing liquidity management tools are considered sufficient, and the daily minimum CRR requirement will stay at 90% of the set level. Stay informed with the latest business news, updates on bank holidays and public holidays .
Time of India
27 minutes ago
- Time of India
EID Parry narrows loss to 28cr in Q1
CHENNAI: Sugar manufacturer EID Parry on Wednesday narrowed standalone loss at Rs 28 crore in quarter ended June 30, 2025. The company, which is part of Murugappa group, reported a loss of Rs 79 crore in corresponding quarter last year. Muthiah Murugappan, CEO, EID Parry said, revenue from sugar segment for Q1 was at Rs 347 crore against Rs 404 crore in same quarter of last year, registering a de-growth of 14% due to lower release quota. Stay informed with the latest business news, updates on bank holidays and public holidays.
Time of India
31 minutes ago
- Time of India
Revenue of KTC Smart City e-buses stands 1.5 crore lower than projected
Porvorim: Kadamba Transport Corporation (KTC) has reported a significant revenue shortfall from its Smart City electric bus operations in Panaji. Against the projected revenue of Rs 3.4 crore for the fiscal year 2024-25, the actual earnings between July 2024 and March 2025 stood at approximately Rs 1.9 crore. The revenue gap is Rs 1.5 crore. Minister for transport Mauvin Godinho said, 'The shortfall in revenue is primarily attributed to the continued operation of private bus operators providing city bus services in Panaji, which has impacted the ridership on Smart City electric buses.' Godinho was replying to a question tabled by MLA Viresh Borkar. A total of 48 Smart City EVs are currently operating in Panaji and the surrounding areas. These buses ply on seven designated routes: yellow, red, indigo, blue, green, orange, and violet. In all, 18 lakh passengers travelled by these electric buses from July 2024 to March 2025, covering 11 lakh km in this duration. 'The concept of Smart City buses was to operate without conductors, for which pole-mounted validators were fixed for tapping the Smart Transit Card or validating the QR code generated on an app,' Godinho said. 'However, commuters were hesitant to use Smart City buses, adapting to the new system,' he said. The minister reiterated that private bus operations further impacted the ridership numbers.
