Company Profile

Exide Industries is currently trading at Rs. 463.85, up by 2.85 points or 0.62% from its previous closing of Rs. 461.00 on the BSE.

The scrip opened at Rs. 464.55 and has touched a high and low of Rs. 468.00 and Rs. 454.00 respectively. So far 91520 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 485.00 on 02-May-2024 and a 52 week low of Rs. 190.00 on 16-May-2023.

Last one week high and low of the scrip stood at Rs. 468.00 and Rs. 434.80 respectively. The current market cap of the company is Rs. 39690.75 crore.

The promoters holding in the company stood at 45.99%, while Institutions and Non-Institutions held 32.13% and 21.87% respectively.

Exide Industries has invested Rs 74.99 crore by way of subscription in the equity share capital of its wholly owned subsidiary, ‘Exide Energy Solutions’ (EESL), on rights basis. With this investment, the total investment made by the Company in EESL (including investment made in erstwhile merged subsidiary Exide Energy) stands to Rs 2,377.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.

EESL is in the process of setting up a green field plant at Bengaluru for manufacturing & selling lithium-ion battery cells, modules and pack business. The equity investment in EESL on a rights basis is to fund the above green field project and meet its various funding requirements.

Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.

Exide Industries has invested Rs 74.99 crore by way of subscription in the equity share capital of its wholly owned subsidiary, ‘Exide Energy Solutions’ (EESL), on rights basis. With this investment, the total investment made by the Company in EESL (including investment made in erstwhile merged subsidiary Exide Energy) stands to Rs 2,377.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.

Infosys has entered into multi-year strategic collaboration with First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates (UAE), to optimize and modernize FAB’s IT infrastructure services. As part of this collaboration, Infosys will leverage Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, to deliver industry-leading, infrastructure-managed services, including service desk capabilities, to transform FAB’s IT infrastructure. Infosys will help integrate a suite of enterprise tools to drive significant improvements in FAB’s service quality, risk reduction, and business outcomes.

Jindal Stainless has supplied the tempered 201LN grade of high-strength stainless steel to India’s first Vande Metro train. Boosting inter-city travel servicesin India, the Indian Railways recently unveiled its first Vande Metro train from the Integral Coach Factory (ICF) in Chennai. The Vande Metro train is a shorter-distance version of the Vande Bharat Express. Compared with the conventional ferritic stainless steel grade, the thickness of the external panels of trainsets has been reduced from 3 mm to 2 mm, resulting in lighter, more energy-efficient, and therefore, more cost-effective trains.

Nilkamal has received approval for raising funds through issue of secured/unsecured, rated/unrated, listed/unlisted, non-convertible, redeemable, taxable debentures on a private placement basis for an amount up to Rs 200 crore. The Board of Directors of the company at its meeting held on May 14, 2024, inter alia, approved the same. 

Cipla’s promoters and promoter group entities are reportedly looking to sell up to 2.53 per cent stake in the company through a block deal for a total value of Rs 2,637 crore.

Bharti Airtel has reported results for fourth quarter (Q4) ended March 31, 2024. The company has reported 34.68% rise in its net profit at Rs 1,823.90 crore for the quarter under review as compared to Rs 1,354.20 crore for the same quarter in the previous year. Total income of the company increased by 12.74% at Rs 24,765.10 crore for Q4FY24 as compared Rs 21,966.60 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 51.06% fall in its net profit at Rs 2,068.20 crore for fourth quarter ended March 31, 2024 as compared to Rs 4,226.00 crore for the same quarter in the previous year. However, total income of the company increased by 4.47% at Rs 37,916.00 crore for Q4FY24 as compared Rs 36,293.90 crore for the corresponding quarter previous year.

IOL Chemicals And Pharmaceuticals has reported results for fourth quarter (Q4) ended March 31, 2024. The company has reported 56.81% fall in its net profit at Rs 28.19 crore for the quarter under review as compared to Rs 65.27 crore for the same quarter in the previous year. Total income of the company decreased by 14.18% at Rs 511.44 crore for Q4FY24 as compared Rs 595.93 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 57.36% fall in its net profit at Rs 27.62 crore for fourth quarter ended March 31, 2024 as compared to Rs 64.78 crore for the same quarter in the previous year. Total income of the company decreased by 14.18% at Rs 511.44 crore for Q4FY24 as compared Rs 595.94 crore for the corresponding quarter previous year.

Exide Industries has invested Rs 74.99 crore by way of subscription in the equity share capital of its wholly owned subsidiary, ‘Exide Energy Solutions’ (EESL), on rights basis. With this investment, the total investment made by the Company in EESL (including investment made in erstwhile merged subsidiary Exide Energy) stands to Rs 2,377.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.

EESL is in the process of setting up a green field plant at Bengaluru for manufacturing & selling lithium-ion battery cells, modules and pack business. The equity investment in EESL on a rights basis is to fund the above green field project and meet its various funding requirements.

Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.

Exide Industries has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 36.55% rise in its net profit at Rs 283.75 crore for the quarter under review as compared to Rs 207.80 crore for the same quarter in the previous year. Total income of the company increased by 11.96% at Rs 4,012.82 crore for Q4FY24 as compared Rs 3,584.18 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 2.56% rise in its net profit at Rs 185.70 crore for fourth quarter ended March 31, 2024 as compared to Rs 181.07 crore for the same quarter in the previous year. Total income of the company increased by 12.53% at Rs 4,177.96 crore for Q4FY24 as compared Rs 3,712.67 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 16.53% rise in its net profit at Rs 1,052.96 crore as compared to Rs 903.63 crore for the previous year. Total income of the company increased by 9.44% at Rs 16,113.73 crore for year under review as compared to Rs 14,724.32 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 7.30% rise in its net profit at Rs 882.82 crore as compared to Rs 822.77 crore for the previous year. Total income of the company increased by 10.90% at Rs 16,859.68 crore for year under review as compared to Rs 15,202.69 crore for year ended March 31, 2023.

Exide Industries is currently trading at Rs. 473.40, up by 17.85 points or 3.92% from its previous closing of Rs. 455.55 on the BSE.

The scrip opened at Rs. 458.75 and has touched a high and low of Rs. 481.50 and Rs. 456.55 respectively. So far 901858 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 481.50 on 30-Apr-2024 and a 52 week low of Rs. 186.25 on 05-May-2023.

Last one week high and low of the scrip stood at Rs. 481.50 and Rs. 433.60 respectively. The current market cap of the company is Rs. 40094.50 crore.

The promoters holding in the company stood at 45.99%, while Institutions and Non-Institutions held 32.13% and 21.87% respectively.

Exide Industries has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 36.55% rise in its net profit at Rs 283.75 crore for the quarter under review as compared to Rs 207.80 crore for the same quarter in the previous year. Total income of the company increased by 11.96% at Rs 4,012.82 crore for Q4FY24 as compared Rs 3,584.18 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 2.56% rise in its net profit at Rs 185.70 crore for fourth quarter ended March 31, 2024 as compared to Rs 181.07 crore for the same quarter in the previous year. Total income of the company increased by 12.53% at Rs 4,177.96 crore for Q4FY24 as compared Rs 3,712.67 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 16.53% rise in its net profit at Rs 1,052.96 crore as compared to Rs 903.63 crore for the previous year. Total income of the company increased by 9.44% at Rs 16,113.73 crore for year under review as compared to Rs 14,724.32 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 7.30% rise in its net profit at Rs 882.82 crore as compared to Rs 822.77 crore for the previous year. Total income of the company increased by 10.90% at Rs 16,859.68 crore for year under review as compared to Rs 15,202.69 crore for year ended March 31, 2023.