2024-11-05 11:59:01 :
Exide Industries second quarter results live release: Exide Industries announced its second quarter results on November 4, 2024, reporting a slight year-over-year revenue increase of 1.8%. However, the company’s profits took a heavy hit, falling 14.15% from the same quarter last year.
Compared to the previous quarter, Exide’s revenue improved slightly, rising 0.32%, and profits increased 5.1%. The figures underscore the company’s mixed performance amid challenging market conditions.
Selling, general and administrative expenses increased significantly, with a month-on-month increase of 2.74% and a year-on-year increase of 9.93%, indicating that rising operating costs may affect profitability. In addition, operating income fell by 0.86% month-on-month and 8.68% year-on-year, further reflecting the pressure on the company’s profitability.
Exide reported earnings per share (EPS) of $In the second quarter, it was 2.72, a year-on-year decrease of 13.92%. The drop in earnings per share worries investors looking for earnings growth.
Looking at the market performance, Exide Industries has faced challenges, returning -4.09% over the past week and -3.36% over the past six months. However, the company’s year-to-date return is a whopping 40.02%, suggesting some resilience in the long-term outlook.
The company’s current market capitalization is $37,829.25 Crore, 52-week High $620.35 and lowest price $257.75, indicating that the stock is in a volatile trading period.
As of November 5, 2024, analyst sentiment is mixed. Of the 16 analysts covering Exide, 3 have a Strong Sell rating, 2 have a Sell rating, 5 have a Hold rating, 4 have a Buy rating and 2 analysts have a Strong Buy rating. The consensus recommendation remains Hold, reflecting uncertainty about the near-term outlook.
Exide Industries Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 4450 | 4435.71 | +0.32% | 4371.52 | +1.8% |
| Total Selling/General/Administrative Expenses | 329.96 | 321.16 | +2.74% | 300.15 | +9.93% |
| Depreciation/Amortization | 145.91 | 143.76 | +1.5% | 141.46 | +3.15% |
| total operating expenses | 4123.42 | 4106.3 | +0.42% | 4013.9 | +2.73% |
| operating income | 326.58 | 329.41 | -0.86% | 357.62 | -8.68% |
| net income before tax | 332.37 | 316.05 | +5.16% | 365.54 | -9.07% |
| net income | 231.28 | 220.06 | +5.1% | 269.4 | -14.15% |
| Diluted normalized earnings per share | 2.72 | 2.59 | +5.02% | 3.16 | -13.92% |
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