Exide Industries report revenue from operations for Q4FY21 at Rs. 2,938.8, up 43% when compared to Rs. 2,055 crore from Q4FY20.
Profit after tax increased to Rs. 244.12 crores in Q4FY21 which when compared to Q4FY20 PAT of Rs. 168 crores is up 45%.
The EBITDA margin remained stable at 14.8% which was similar in same quarter previous year.
The company posted revenue from operations of Rs. 10,040.8 crores in FY21 when compared to revenue of operations of Rs. 9,856.7 crores in FY20, a growth of 1.87%.
Profit After tax for FY21 was Rs. 758.3 crores as compared to FY20 PAT of Rs. 825.5 crores, a decline of (8.14)%.
The total expense increased by 2.53% which led to decline in profitability.
Comments by Mr. G Chatterjee
Mr. G Chatterjee, MD and CEO said that due to several strategies adopted by the company, in the second half of the year, the company saw a strong recovery and it enabled it to surpass the sales of FY20.
About the Q4FY21 performance, in the Automotive and Industrial division, the company has posted a good growth.
The aftermarket demand remained strong for Automotive and UPS batteries.
To improve the bottom line, the company will be focusing on Sales transformation and Cost compression as the core strategies.
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