Exide Industries Q2 results miss estimates, Q3 rebound anticipated
after close1 source ↓written by the desknot a recommendation
- year-on-year
- 25.8%
- Revenue
- ₹4,178 cr
- below the expected
- ₹4,459 cr
- EBITDA fell
- ₹394.5 cr
- the forecast
- ₹533 cr
Exide Industries reported a net profit of ₹221 cr, missing estimates of ₹319 cr, and down 25.8% year-on-year. Revenue was ₹4,178 cr, below the expected ₹4,459 cr. EBITDA fell to ₹394.5 cr, significantly lower than the forecast of ₹533 cr. The company anticipates a rebound in Q3 as market conditions stabilize.
Not investment advice. For informational purposes only.