Exide Industries Q1FY24 Results: Consolidated PAT of Rs. 224.11 Cr

Exide Industries invests Rs 100 Cr in advanced chemistry battery cell arm

Exide Industries Q1 results show revenue up from 3,712.88 crores to 4,267.78 crores, a 14.95% increase in growth. EPS rise from ₹2.12 to ₹2.62, up by 23.58%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Exide Industries shared its Q1 results on Friday. They earned 4,267.78 crores in revenue this quarter, but that’s more than the 3,712.88 crores they made last quarter. The company’s growth increased by 14.95 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 224.11 crores, up from 181.07 crores in the previous quarter. Their quarter-to-quarter growth increased by 23.77 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹2.62, which is an increase of 23.58% from the ₹2.12 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 4,267.78 crores this year (2023), which is 5.35 percent higher than last year’s total revenue of 4,051.09 crores.

This year’s PAT (Profit After Tax) is 224.11 crores, which is also 10.70% higher than last year’s PAT of 202.44 crores.

The EPS (Earnings Per Share) for this year is ₹2.62, which is 9.62% more than the EPS of ₹2.39 earned last year.

Exide Industries Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Exide Industries:

Exide Industries Ltd is an Indian multinational company that specializes in manufacturing storage batteries. With its headquarters located in Kolkata, it holds the distinction of being the largest producer of automotive and industrial lead-acid batteries in India and ranks as the fourth largest globally.

Download the Full PDF of Exide Industries Q1 Results: Click Here

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