Exide Industries Ltd posts Rs. 320.17 crores consolidated PAT in Q4FY21

EXIDE INDUSTRIES LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.4575.49 crores during the period ended March 31, 2021 as compared to Rs.4222.03 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.320.17 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.239.87 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.3.79 for the period ended March 31, 2021 as compared to Rs.2.84 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 4575.49 crs	₹ 4222.03 crs	8.37%
Net Profit	₹ 320.17 crs	₹ 239.87 crs	33.48%
EPS	₹ 3.79	₹ 2.84	33.45%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.4575.49 crores during the period ended March 31, 2021 as compared to Rs.3482.69 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.320.17 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.235.57 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.3.79 for the period ended March 31, 2021 as compared to Rs.2.92 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 4575.49 crs	₹ 3482.69 crs	31.38%
Net Profit	₹ 320.17 crs	₹ 235.57 crs	35.91%
EPS	₹ 3.79	₹ 2.92	29.79%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.15367.34 crores during the 12 months period ended March 31, 2021 as compared to Rs.14532.89 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.803.10 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.762.48 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.9.53 for the 12 months period ended March 31, 2021 as compared to Rs.9.14 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 15367.34 crs	₹ 14532.89 crs	5.74%
Net Profit	₹ 803.10 crs	₹ 762.48 crs	5.33%
EPS	₹ 9.53	₹9.14	4.27%

Mr G Chatterjee, MD & CEO, commented that as a result of several strategies adopted by your Company, it bounced back very strongly in the second half of the year and was able to surpass the sales it had reported for 2019-20.

On the performance of the fourth quarter, Mr. Chatterjee said that the Company has posted impressive growth in both Automotive and Industrial division. The after market demand for both Automotive and UPS batteries remained strong.

The Company will focus on Sales Transformation and Cost Compression as the core strategies to improve the bottom-line.

Mr. Chatterjee further stated that the Board of Directors of Exide at its meeting held on 29th April 2021 have approved following few key organization changes at the Board level.

Subject to the approval of the shareholders at the ensuing annual general meeting, approved the elevation of Mr. Subir Chakraborty, to the post of "Managing Director and CEO" for a period of three years from 1st May 2021 till 30th April 2024. Mr. Chakraborty was the "Deputy Managing Director" (DMD) of the Company since 1st May 2019. He joined the services of the Company in 1996 and is serving as a Director in the Board for around 8 years.

The mantle of MD & CEO passes from current Managing Director and CEO, Mr. Gautam Chatterjee, a veteran in the Company for 39 years. He has been appointed as "Whole-time Advisor" to the Board of the Company with effect from 1st May 2021 for a period of three years.

Subject to the approval of shareholders, Mr. Avik Kumar Roy is appointed as a Wholetime Director on the Board of Exide for a period of five years, with effect from 1st May 2021. Mr. Roy is serving the Company as President-Industrial since January 2019 and is now designated as "Director-Industrial". He will be responsible for overall Industrial division of the Company. Mr. Roy comes with more than 31 years of work experience in reputed multinational organisations with management assignments in multiple countries and locations.

Shares of EXIDE INDUSTRIES LTD. was last trading in BSE at Rs.178.5 as compared to the previous close of Rs. 176.8. The total number of shares traded during the day was 295221 in over 2924 trades.

The stock hit an intraday high of Rs. 181.6 and intraday low of 176.75. The net turnover during the day was Rs. 52740495.

Source : Equity Bulls

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