EXIDE INDUSTRIES
Exide Industries Limited is one of the largest storage battery company establishing itself for the last six decades. The company focuses on innovation, extensive geographic footprint, strong relationship with marquee clients and steady technology upgradations with global business partners. Exide designs, manufactures, markets and sells the widest range of lead-acid storage batteries in the world from 2.5Ah to 20,600Ah capacity, to cover the broadest spectrum of applications. Apart from serving the domestic market the company exports batteries which have captured niches in South East Asian and European markets.
The shareholding pattern of Exide Industries is as follows: promoters(foreign) with 45.99%, domestic institutional investors with 24.56%, public with 17.50% and foreign institutional investors with 11.95%.
The Board of directors decided to declare an interim dividend of Rs. 2 per equity share. On the other hand, as per Q4 results, Exide Industries declared an increase in the profit by 33.1% at Rs. 321.87Cr. in this quarter against Rs. 241.45 Cr. in the previous quarter. Simultaneously, revenue grew by 8.73%, Profit before tax (PBT) by 31.04% QoQ and gross profit margin by 8.37% QoQ.
The Q4 results of Exide Industries Limited were staggering.
