Exide Industries (500086) Q3 24/25 earnings summary

Executive summary

• Standalone profit before tax for the first nine months grew 7% year-over-year, with Q3FY25 revenue at ₹3,849 crore, nearly flat versus Q3FY24.

• EBITDA margin improved to 11.7% in Q3FY25, up 20 bps year-over-year and 40 bps sequentially.

• Double-digit growth was seen in 2W/4W replacement and solar segments, while OEM and industrial infra demand remained subdued.

• Automotive exports registered robust growth, supported by focused strategies.

Financial highlights

• Standalone Q3FY25 revenue: ₹3,849 crore (Q3FY24: ₹3,841 crore); 9MFY25: ₹12,429 crore (9MFY24: ₹12,020 crore).

• Standalone EBITDA for Q3FY25: ₹449 crore (Q3FY24: ₹440 crore); 9MFY25: ₹1,426 crore (9MFY24: ₹1,355 crore).

• Standalone PAT for Q3FY25: ₹245 crore (Q3FY24: ₹240 crore); 9MFY25: ₹822 crore (9MFY24: ₹769 crore).

• Standalone EPS for Q3FY25: ₹2.88 (Q3FY24: ₹2.83); 9MFY25: ₹9.67 (9MFY24: ₹9.05).

• Consolidated Q3FY25 revenue: ₹4,017 crore; consolidated PAT: ₹158 crore; 9MFY25 consolidated PAT: ₹613 crore.

Outlook and guidance

• Near-term outlook is positive, with replacement markets buoyant and expectations of a rebound in government and private capex.

• Commodity prices expected to remain broadly stable; diversified portfolio and strong brand recall to support future growth.

• Lithium-ion cell manufacturing project targeted for commercial operations in FY26.