Exide Industries posts 10% fall in Q4 PAT to Rs 255 crore
Times of India | 1 May 2025
Kolkata: Exide Industries saw a 10% drop in net profit to Rs 255 crore in fourth quarter of the last fiscal year, down from Rs 284 crore in the same period one year ago. For the fourth quarter of FY2024-25, standalone revenues were Rs 4,159 crore, registering an increase of 3.5% on a year-on-year basis. The board of directors has proposed a final dividend of Rs 2 per equity share for FY2024-25.
According to the company, replacement market demand for 2W and 4W batteries was buoyant, registering double-digit growth in mobility business driven by technologically advanced products and solutions. Industrial UPS trade business benefited from increasing demand for critical power backup solutions, and solar business posted double-digit growth. However, the home-UPS business was lower than last year. The auto OEM business was also impacted by lower demand.
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Avik Roy, MD & CEO, said FY2024-25 was characterised by tough macroeconomic conditions, resulting in lower capex and investments. "In this environment, our focus remained on delivering stable performance along with maintaining a strong balance sheet and a positive cash flow generation profile," said Roy.