Exide Industries Q3 Outcomes: Battery producer Exide Industries on Tuesday mentioned its consolidated internet revenue declined 22 per cent to Rs 158 crore within the third quarter ended December 31, 2024. The corporate had reported a internet revenue of Rs 203 crore within the year-ago interval.
Income from operations rose to Rs 4,017 crore within the third quarter from Rs 3,980 crore within the year-ago interval.
“Though general gross sales remained flattish within the quarter, attributable to a slowdown in authorities capex and different macroeconomic elements, we noticed promising development within the auto substitute and auto exports market segments,” Exide Industries MD & CEO Avik Roy mentioned.
Close to-term outlook is constructive, with substitute markets remaining buoyant and expectation of rebound of presidency and personal capex, which has the potential to drive up industrial demand, he added.
Commodity costs are anticipated to stay broadly steady, Roy acknowledged.
“In our lithium-ion cell manufacturing undertaking, building work is happening in full swing and the staff is working relentlessly to make sure undertaking completion. We intend to commercialise operations in FY26,” he added.
Shares of Exide ended 1.28 per cent down at Rs 343.40 apiece on BSE.
