Dolat Capital: Exide Industries Q2 Review - Beat Estimates, A Strong Comeback  

Dolat Capital: Exide Industries Q2 Review - Beat Estimates, A Strong Comeback

A car battery is installed in a Volkswagen Vento (Source: BloombergQuint)

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Dolat Capital Report

Exide posted a strong operating performance in Q2 amid challenging environment.

Revenue grew 6% YoY to Rs 27.53 billion led by improvement in automotive replacement demand and traction in uninterruptible power supply batteries.

Ebitda was above estimates, at Rs 3.92 billion (up 7% YoY) with margin of 14.2% (up 17basis points YoY) led by cost control measures.

Click on the attachment to read the full report:

Dolat Capital Exide Industries Q2FY21 Result Update.pdf
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