Exide Industries delivered a strong Q4 performance. It’s net profit increased 37% YoY to Rs 284 crore from Rs 208 crore in Q4FY23,. Its Q4FY24 revenue came in at Rs 4,009 crore, up 13% YoY from Rs.3,543 crore in Q4FY23. The Q4 performance was powered by strategic initiatives to boost sales and control costs and make the business better geared to tackle future trends. Q4 EBITDA margin increased to 12.9% from 10.4% in the same quarter last year.
Speaking on the company’s performance, the outgoing CEO and MD, Subir Chakraborty said: “Demand scenario was upbeat, and our diversified and technologically advanced product offerings helped us capture the opportunities across end customer markets.
