Exide Industries Q4 net profit rises 37% to Rs 284 crore
Exide Industries Limited, a battery manufacturer, reported a standalone net profit of Rs 284 crore for the quarter ending March 31, 2024.
Exide reported an EBITDA margin increase to 12.9% during the quarter, up from 10.4% in the same period last year.
Shares of Exide Industries were trading 5% higher at Rs 477 on April 30 after the announcement of its Q4 earnings.
After forming a partnership with Hyundai Motor Company and Kia Corporation, the company's stock surged to a 52-week high of Rs 363.
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