Standalone Q1FY22 results: Exide Industries ltd
The revenue for Q1FY22 stood at Rs. 2,486 crores. This shows a decline of (-15%) and a YoY growth of 61%.
The operating profit declined by (-37%) QoQ in Q1FY22 and stood at Rs. 276 crores. It also saw a growth of 77% on a YoY basis.
The operating profit margin stood at 11%. In Q1FY21 the margin was 10% and in Q4FY21, the operating profit margin stood at 15%.
Profit before tax stood at Rs. 164 crores, a QoQ decline of (-50%). PBT grew by 161% when compared on a YoY basis.
Profit after tax stood at Rs. 125 crores. It registered a growth of 185% when compared on a YoY basis. PAT registered a decline of (-49%) QoQ.
Consolidated Q1FY22 results: Exide Industries Share Price
The revenue for Q1FY22 stood at Rs. 3,543 crores. This shows a decline of (-22%) and a YoY growth of 40%.
The operating profit declined by (-60%) QoQ in Q1FY22 and stood at Rs. 224 crores. It also saw a growth of 55% on a YoY basis.
The operating profit margin stood at 6%. In Q1FY21 the margin was 6% and in Q4FY21, the operating profit margin stood at 12%.
Profit before tax stood at Rs. 69 crores, a QoQ decline of (-84%). PBT saw a huge growth of 1588% but it was mainly due to a very low PBT of Rs. 4 crores during Q1FY21.
Profit after tax stood at Rs. 33 crores. The company had lost Rs. (-11) crores during Q1FY21. Net profit also declined by 90% on a QoQ basis.
Comments by MD & CEO: Exide Industries Limited Stock
The company has achieved good growth in the Automotive and Industrial divisions even though this quarter was disrupted by the 2nd wave of COVID.
Replacement volume for UPS and Automotive batteries remained encouraging.
OEM and Export markets have registered growth which was more than expectations.
To improve efficiency, the company has focused its efforts on sales transformation and cost compression.
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