X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Research And Views Archives | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Archives... Don't Miss Anything, Ever!

Here you will find all the research and views that we post on Equitymaster. Use the tools to customize the results to suit your preference!

















Authors
 

Exide: Margins break the circuit

Oct 28, 2004

Exide, India’s largest manufacturer of automotive batteries has put up a disappointing set of 2QFY05 numbers. The bottomline of the company has fallen by 5% as compared to the same quarter last year. While the topline growth has been robust with a 26% YoY rise, higher raw material expenses have resulted into a dip in its bottomline. For the half-year period, the topline and bottomline growth stood at 22% and 15% respectively.

Exide: What next?

Apr 25, 2003

Exide Industries, India's largest automotive battery supplier, announced its March quarter and FY03 results. For the full year, the company declared a topline growth of 11% YoY, while its bottomline grew significantly by 67% YoY. We take a look at the performance of the company, which derives most of its revenues from the automobile industry.

Exide: Mixed outlook

Oct 11, 2002

The sharp spurt in commercial vehicle sales and impressive rise in passenger car sales have benefited auto ancillary majors significantly. Exide, the country's largest car battery manufacturer and supplier, has posted a 8% rise in revenues and notable rise in net profit for the second quarter ended September 2002.

Exide: Poised for pace

May 3, 2002

Exide Industries, the market leader in the Indian automotive battery segment, has posted a 24% fall in net profits for the full year ended March 31, 2002. However, turnover during the same period has gone up 3% to Rs 7,915 m.

Exide: Reflecting the auto sector

Jan 21, 2002

The third quarter performance of Exide Industries, the market leader in the automotive batteries sector, clearly reflects the rise in auto sales in recent months. While turnover has increased notably, profits for the first nine months of the current fiscal have declined.

Exide: What’s on the cards?

Oct 3, 2001

The slowdown in auto demand has had a significant impact on profitability of auto ancillary manufacturers. Though Exide, the market leader in the automotive battery segment, reported a decent growth in sales in 1QFY02, profits fell sharply. Given the recent upturn in auto volumes, what can one expect from the company?

Exide: Reels under auto downslide

Jul 13, 2001

Exide Industries Ltd (EIL), has reported a net profit of Rs 36 m for 1QFY02, a decline of 48.2% YoY. The company's sales grew by 11% during this period to Rs 1,762 m, but higher expenses on account of staff and other expenses have taken a toll on the company's bottomline.

Exide: FY01 net declines 15% YoY

Apr 27, 2001

Exide Industries Ltd (EIL) sales grew by only 1.5% YoY to Rs 7,702 m for FY01, due to the slowdown in the auto segment. The company's third quarter was the worst hit. However due to a pick in demand for passenger car segment in 4QFY01, the company's overall sales in this quarter improved by 10% YoY.

Exide net falls 42% YoY

Jan 22, 2001

Exide Industries Ltd (EIL) sales have dropped by 8.4% YoY in the 3QFY01. This is mainly due to lower demand from the automobile segment. As a result of higher competition in the auto battery segment and the rising lead prices, the company's operating profits fell by 18% YoY to Rs 296 m in the 3QFY01. The company's net profit declined by a dismal 42% YoY to Rs 69 m for the 3QFY01.

Exide net falls 42% YoY

Jan 20, 2001

Exide Industries Ltd (EIL) sales have dropped by 8.4% YoY in the 3QFY01. This is mainly due to lower demand from the automobile segment. As a result of higher competition in the auto battery segment and the rising lead prices, the company's net profit fell by 42% YoY to Rs 69 m for the 3QFY01.

Exide: On an expansion spree

Dec 27, 2000

Exide Industries Ltd, India's largest automotive battery manufacturer does not seem as worried regarding the slowdown in the automobile sector as the others. The expansion of its production capacity by opening of a new auto battery plant at Hosur in Tamil Nadu recently is an indication of the company's optimistic stance.

Exide: Expanding its wings

Nov 27, 2000

Exide Industries has announced its plans of acquiring two companies in the South East Asian region, as part of its expansion programme. The company has earmarked a total capital expenditure programme of Rs 2 bn spread over a period of three years.

EXIDE Industries Ltd net rises 5% YoY

Nov 6, 2000

Exide Industries Ltd (EIL) sales have grown by only 2.4% YoY in the 2QFY01. This is mainly due to the slowdown in the automobile segment.

Amara Raja Batteries Ltd

Jul 29, 2000

The company's sales have increased sharply in the 1QFY01 by 33.5% YoY to Rs 245m. Due to a 38% increase in operating expenses, the company's operating margins have fallen from 17.1% in 1QFY00 to 14.2% in the 1QFY01.

EXIDE Industries Ltd - net up 8% YoY

Jul 25, 2000

Exide Industries Ltd (EIL) sales have reported a marginal improvement in the 1QFY01 from Rs 1,950 m in 1QFY00 to Rs1,963 m in 1QFY01, a growth of just 0.7% YoY.

Exide net up on automobile sector growth

Apr 29, 2000

Exide Industries Limited (EIL), has reported a net profit growth of 22.7% YoY in FY2000 to Rs 489 m as compared to Rs 399 m reported in FY99. The company's sales grew by 16.3% YoY to Rs 7,622 m on the back of a recovery in the OEM (Original Equipment Manufacturer) segment in FY2000.

Hitachi to outsource batteries from Exide

Feb 5, 2000

Hitachi of Shin Kobe and Exide have entered into a venture whereby the former will outsource batteries from Exide to meet its global requirements.

Exide net profit crawls 5%

Feb 1, 2000

Exide, largest manufacturer of car batteries, has registered net profit growth of 5% to Rs 118 m. Net sales of the company increased 10%.

Amara Raja yet to benefit from economic recovery

Jan 10, 2000

Amara Raja Batteries has recorded a 39% decline in profits during the quarter ended 31st December 1999. The company has been adversely affected by a slowdown in topline growth and a rise in operating expenditure. The sharp rise in other income has helped minimise the decline in profits.

Amara Raja posts 16% decline in net

Oct 30, 1999

Amara Raja has posted a 16% decline in net for the quarter ended 30th September 1999. A slower top line growth in largely responsible for the decline in net.


Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS