Exide Industries Ltd., one of India’s leading storage battery manufacturers, reported a 6% increase in its revenue for the first quarter of the financial year 2024-2025. The company announced its financial results for the quarter ending June 30, 2024, highlighting steady growth amid challenging market conditions.
For Q1 FY25, Exide Industries recorded a total revenue of ₹3,500 crore, up from ₹3,300 crore in the same quarter last year. This growth was attributed to a robust performance across all business segments, particularly in the automotive and industrial battery divisions.
Commenting on the results, CEO Subir Chakraborty said, “We are pleased with our performance this quarter. Despite the volatile market conditions, we have managed to achieve steady growth. This is a testament to our strong business fundamentals and our focus on innovation and customer satisfaction.”
The automotive battery segment saw a notable increase in sales, driven by higher demand in both the OEM and replacement markets. The industrial battery segment also performed well, with increased demand from sectors like telecommunications, railways, and renewable energy.
Exide Industries has been actively expanding its product portfolio and strengthening its distribution network to tap into new growth opportunities. The company is also investing in technology and innovation to enhance product quality and efficiency.
In addition to the revenue growth, Exide Industries reported a profit after tax (PAT) of ₹275 crore for Q1 FY25, compared to ₹260 crore in the same period last year, reflecting a 5.8% increase. The company’s EBITDA margin improved slightly, driven by operational efficiencies and cost management initiatives.
Looking ahead, Exide Industries remains optimistic about its growth prospects. The company is focused on leveraging emerging opportunities in the electric vehicle (EV) battery market and enhancing its presence in the renewable energy sector.
“The future holds significant opportunities for us, particularly in the EV and renewable energy segments. We are committed to investing in these areas to drive long-term growth and create value for our stakeholders,” added Chakraborty.
Exide Industries continues to strengthen its market position through strategic initiatives and a customer-centric approach. As the company navigates through the evolving market landscape, it aims to sustain its growth momentum and deliver consistent performance.
Exide Industries, established in 1947 and headquartered in Kolkata, is India’s largest storage battery company. It supplies batteries for automobiles, inverters, UPS systems, and renewable energy storage. The company has a strong distribution network in India and exports to many countries. Exide has invested significantly in research and development, focusing on improving battery technology and exploring lithium-ion solutions, with multiple manufacturing plants across India.
