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Exide Industries Q1FY22 Conference Call Highlights

Exide Industries Q1FY22 Conference Call Highlights

Published on 03 August 2021 Views 124 Comments 3

Standalone Q1FY22 results

  • 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

  • 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

  • The company has achieved good growth in the Automotive and Industrial divisions even though this quarter was disrupted by the 2nd wave of COVID.
  • Replace 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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