Financial year 2024-25 was characterised by tough macroeconomic conditions, resulting in lower capex and investments across sectors.”-Mr. Avik Roy, MD & CEO, ‘Exide industries Limited..

For the fourth quarter of the financial year 2024-25, sales grew by 8.1S6 on a sequential basis

Standalone financial performance highlights

Key financial highlights

• For the fourth quarter of FY2024-25, standalone revenues were 4,159 crore, registering an increase of 3.5% on a YoY basis and 8.1% on a QoQ basis.
• EBITDA margin moderated to 2% during the quarter impacted by high raw material prices. Prices of raw materials such as antimony, have significantly increased in last 6 months, thereby impacting margins on sequential basis. Despite this, EBITDA has increased by 4% on QoQ basis.
• For the full year 2024-25, EBITDA margin and PBT margin were 11.4% and 7% compared to 11.7% and 8.8% in the same period last year.
• Liquidity position remains comfortable with zero debt and high cash flow In FY2024-25, cashflow from operations were Rs.1,298 crore.
• The Board of Directors have proposed final dividend of 2.0 per equity share for FY2024-25.

Key business highlights for the quarter ended March 31, 2025

• Replacement market demand for 2W and 4W batteries is buoyant, registering double-digit growth in mobility business driven by our technologically advanced products and solutions.
• Industrial UPS trade business benefits from increasing demand of critical power backup solutions in multiple sectors and solar business posted double-digit growth supported by various solarization
• However, Home-UPS business was lower than last year because of a weak season and a higher base. Auto OEM business was also impacted by lower demand from vehicle manufacturers.
• Industrial Infra business performance has improved in fourth quarter as order inflow and order execution is picking up in sectors like power, railways, traction , although after a soft performance in last two quarters.

Other key updates

• During the financial year 2024-25, Exide has invested around Rs.1,000 crore in the wholly owned subsidiary, Exide Energy Solutions Limited (EESL). Additionally, around Rs.300 crore has been infused in April With this, the total equity investment made in EESL till date, stands at Rs. 3,602.23 crore (including investment made in erstwhile merged subsidiary EEPL).
• The EESL’s project site is witnessing steady progress, with equipment installation and construction works nearing The company is also making efforts to enter collaborations with OEMs and energy providers across key end consumer markets.
• Commenting on the performance – Mr. Avik Roy, MD & CEO, said:‘Financial year 2024-25 was characterised by tough macroeconomic conditions, resulting in lower capex and investments across sectors. In this environment, our focus remained on delivering stable performance along with maintaining strong balance sheet and positive cash flow generation profile, thereby establishing our resilience and ability to navigate business challenges. During the year, while the overall sales increased marginally, we maintained double-digit growth momentum in auto replacement, industrial UPS and solar verticals. However, auto OEMs and industrial verticals were impacted by lower demand. In the international business, we entered newer geographies to increase global presence and market share. We expect overall demand scenario to improve going ahead and will continue to focus on driving so/es and achieving cost efficiencies. Additionally, our year long program on cost excellence, organisational transformation and investment in manufacturing technology has started showing results from March onwards. In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We intend to commercialise operations in FY26.’