Exide Industries reports 1.96% growth in net profit to ₹244.99 crore in Q3FY25

Storage battery major Exide Industries on Tuesday reported a 1.96 per cent year-on-year growth in its standalone net profit to ₹244.99 crore in the third quarter this fiscal as its revenue remained flat during the period on y-o-y basis.

The Kolkata-headquartered company’s revenue from operations during the quarter under review stood at ₹3848.63 crore as against ₹3840.53 crore in the year-ago period, according to a stock exchange filing. Revenue remained flat due to muted demand from automotive OEMs and subdued performance of the industrial infrastructure segment.

It, however, witnessed a double-digit growth in the replacement battery segment during the quarter. “Our operating profitability remains steady with EBITDA and PBT margins of 11.7 per cent and 8.5 per cent, respectively, in the current quarter, benefitting from relatively stable commodity prices and focus on cost excellence,” said Avik Roy, MD and CEO, Exide Industries.

Overall sales

“Although overall sales remained flattish in the quarter, attributable to a slowdown in government capex and other macroeconomic factors, we observed promising growth in the auto replacement and auto exports market segments,” Roy said.

He said the for the company’s lithium-ion cell manufacturing project, construction work was going on in full swing. “We intend to commercialise operations in FY26,” he added.

During Q3FY25, Exide invested nearly ₹400.0 crore as equity in its wholly-owned subsidiary, Exide Energy Solutions (EESL), which is setting up the 12 GWh greenfield lithium-ion cell plant in two phases. Additionally, around ₹150 crore was invested in January, 2025.