Page 2 - Exide Industries

Here's a Bull Spread Strategy on Exide Industries by HDFC Securities

Long build up is seen in the Exide Futures' where we have seen 7 per cent rise in the Open Interest with price rising by 4 per cent

Exide Industries developing solutions for hybrid, electric vehicles

Lead acid battery maker Exide Industries Ltd is focusing on innovations for emerging applications like hybrid and electric vehicles, a company official said on Tuesday. A lithium-ion JV has been formed and is well placed with an assembly line having a capacity of 1.5 GWh, it said. "The company is developing advanced solutions in the lead acid space for emerging applications, including hybrid vehicles and EVs," MD & CEO Gautam Chatterjee told shareholders at the annual general meeting. He also spoke about introducing 'ultra-batteries' and other solutions in the energy storage space and the lithium chemistry domain. Chatterjee said with declining upfront costs and gradual improvement in technology, higher production of electrified vehicles is feasible now.

Signs of green shoots in passenger vehicles and two-wheelers: Exide

Chatterjee informed that two new companies - MG Motor (with its Hector model) and KIA Motors (with its Seltos) started this year with 100 per cent use of Exide batteries

Exide: Replacement demand, undemanding valuations to support revenues

Margins may be under pressure on higher raw material costs

Replacement demand, spurt in UPS sales to support Exide's revenue

Margins, however, could be under pressure on higher raw material costs

Exide Industries reports Q1 net loss of Rs 13.56 cr due to Covid-19 crisis

The company had posted a net profit of Rs 161.58 crore in the corresponding quarter a year ago

Exide lags smaller peer Amara Raja in Q4 and FY20 at operational level

Firm lags its peer Amara Raja in Q4 & FY20

Exide Industries slips 8% on weak March quarter results

The automotive sector is facing a lot of challenges due to regulatory changes, technology shifts and demand uncertainty due to which there was a distinct slowdown in auto OE segment, the company said.

Covid-19 impact: Exide cuts pay by 15-30% across cadres, lower staff spared

Situation will be reviewed end of Q1FY21; With no payment coming in from customers, firms has resorted to bank loans to pay salaries

Exide Industries Q3 consolidated net profit declines 17% to Rs 118 cr

Battery maker Exide Industries Ltd on Tuesday reported a 16.76 per cent decline in consolidated net profit at Rs 118.15 crore for the third quarter ended December 31, 2019. The company had posted a consolidated net profit of Rs 141.94 crore in the same period last fiscal, Exide Industries said in a regulatory filing. Revenue from operations during the period under review stood at Rs 3,553.64 crore, as compared to Rs 3,283.4 crore in the year-ago quarter, it added. Commenting on the performance, Exide Industries MD & CEO G Chatterjee said while original equipment manufacturer (OEM) demand for automotive batteries remain subdued, growth in sales of automotive and UPS batteries continue. "Exports also did well. Demand for telecom and other infrastructure batteries were under pressure during the third quarter," he added. The company continues to focus on cost control and technology upgradation, as strategies to improve the bottom-line, Chatterjee further said.

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The RSI in Exide's chart is on the rise and looks strong with good volume pick up

Replacement sector fails to power Exide's numbers in September quarter

Firm de-risking business model but pressure on revenue likely in the near term

Exide forays into commercial electronic vehicles space, launches e-rickshaw

In the next six months, Exide will be coming up with a lithium-ion variant of the same e-rickshaw which will be priced higher than the existing one

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Exide Industries working on new range of next-gen submarine batteries

It is also developing indigenous Type-IV class submarine batteries and inter-cell connectors, the first set of which has passed all harbour trials after installation on board

Exide Ltd plans to turn Haldia into battery-making hub in South East Asia

Haldia is already a major manufacturing hub for the company, accounting for one-third of its total battery production

Exide charged to accelerate; improvements in products to help market share

The company dominates with a 60% or more market share

Brand row settled, Exide Industries buys sole Indian plant of US namesake

All-cash deal be executed in next 30 days; Sources say move effectively marks the US-based company's exit from India

Exide Q4 net up 15% at Rs 1.9 bn, revenue from operations at Rs 94 bn

The company had posted a standalone net profit of Rs 1.64 billion in the same quarter previous financial year.

Exide Industries Q4 net profit falls 6% even as total income up by 11.3%

Rising lead prices continued to stress both the topline as well as the bottomline of the firm