• Exide Industries is primarily engaged in the manufacturing of Storage Batteries and allied products in India.

• EXID’s 3QFY20 operating performance was weak as benefit of lead prices was more than offset by the operating deleverage.

• 3QFY20 revenues declined by 3%. On the other hand, EBITDA grew marginally by 2% while PAT growth was at 38% YoY due lower tax benefit.

• Segmentwise auto aftermarket, UPS batteries and export business did well but demand was weak from automobile original equipment manufacturer (OEM), telecom and other infrastructure segments.

• While export business continues to do well, Exide is also expected to benefit from value migration from unorganized to organized sector to drive the future growth.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

Found this insight useful?

For more such insights, delivered daily in real-time for free, download the inChat app from the Play Store. Download Now!

Please share with your friends and family as well. You can also subscribe to one of our channels listed at the bottom of this page.