Dolat Capital: Exide Industries Q2 Review - Beat Estimates, A Strong Comeback  
A car battery is installed in a Volkswagen Vento (Source: BloombergQuint)

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

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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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