Exide Industries Share Price Rose Over 4% After Release of Q3FY25 Results

On January 29, 2025, Exide Industries shares rose over 4%, reaching a day-high of ₹358.40, up from an opening price of ₹345.20. The surge in Exide Industries shares came after the company released its financial results for the quarter and nine-month period ending December 31, 2024.

Exide Industries Q3FY25 Earnings Overview

For Q3 FY25, Exide reported standalone revenues of ₹3,849 crore, slightly up from ₹3,841 crore in Q3 FY24. The company’s EBITDA margin expanded by 20 basis points year-on-year to 11.7%, compared to 11.5% in the same quarter last year. On a sequential basis, the margin improved by 40 basis points from 11.3% in Q2 FY25. For the first nine months of the financial year, EBITDA margin remained steady at 11.5%, compared to 11.3% in the same period the previous year, indicating consistent operating profitability.

Exide Business Highlights

Exide achieved double-digit growth in both the two-wheeler and four-wheeler replacement segments, driven by strong demand in the automotive aftermarket. The company also reported solid growth in its Solar business, benefiting from government incentives and various solarization programs. However, demand from automotive OEMs remained weak, leading to a decline in the Auto OEM segment’s performance.

The infrastructure sector continued to face challenges, with lower government spending and muted private capex impacting the overall market conditions. On a positive note, Exide’s automotive exports continued to perform well, benefiting from the success of its export-focused strategies, including a strengthened product portfolio and go-to-market approach.

Investment in Subsidiary

During the quarter, Exide invested nearly ₹400 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). An additional ₹150 crore was invested in January 2025, bringing the total equity investment in EESL to ₹3,302.23 crore, including investments made in the previously merged subsidiary EEPL. At EESL’s site, construction is progressing with the setup of factory buildings and installation of production line equipment. The company is also making structured efforts to onboard customers across key end-consumer markets, further solidifying its position in the energy solutions sector.

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