Exide Industries Q4FY23 forecast: demand growth 2023

On Monday, April 1, 2023, Exide Industries Ltd. is going to release the company’s financial results for the fourth quarter that concluded on March 31, 2023.

A standalone net profit of 223 crore was reported by the firm for the third quarter that concluded on December 31, 2022. This is a nine percent increase when compared to the same time last year, when 204 crore was reported.

The company’s BSE scrip opened at 188.05 on Monday, up 0.48 percent.

The increase in earnings can be ascribed to the increasing sales in a variety of different market verticals. During the third quarter of FY23, the company’s revenue from operations on a standalone basis increased to 3,405 crore from 3,197 crore in the same period of the previous fiscal year. This represents a growth of about seven percent.

The business anticipates a favorable demand condition for the industrial and automotive verticals. It had been said before that the demand growth will be robust in the majority of industrial verticals such as railways, projects, communications, solar, and traction.

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