Exide Industries Sparks Investor Interest: ₹2 Dividend Declared Despite Margin Squeeze

Exide Industries Ltd has declared a final dividend of ₹2 per share for the year ended March 31, 2025, after releasing its March quarter results. The recommendation of the board, which is pending the approval of shareholders at the AGM to be held later, highlights the company's consistent pursuit of rewarding its investors.

For the fourth quarter, Exide Industries saw a consolidated revenue from operations of ₹41.59 billion, which was marginally off market expectations of ₹41.84 billion. The firm's net profit during the quarter was ₹2.55 billion, also lagging behind the IBES estimate of ₹2.8 billion. The tepid performance was due to high raw material prices, especially the steep increase in antimony prices over the last six months, which squeezed margins. The EBITDA margin during the quarter softened to 11.2%, from 12.3% a year ago.

In spite of the pressure on margins, Exide's liquidity situation is healthy, with no debt and good cash generation. The management is also hopeful of the demand improving in the next couple of quarters and continues to prioritize operational efficiencies and expansion in markets.

Record date shareholders as of July 19, 2025, will be entitled to the dividend, which will be disbursed within 30 days from the date of the AGM.

Source: CNBC-TV18, Financial Express, Upstox, Moneycontrol

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