Exide Targets Rs 200 Bn Revenue Within Three Years
ECONOMY & POLICY

Exide Targets Rs 200 Bn Revenue Within Three Years

Exide Industries has announced a revenue target of Rs 200 billion over the next two to three years, driven primarily by its lead-acid battery business. The company reported revenue of Rs 165.88 billion in financial year twenty twenty-five.

Planned investments of Rs sixteen to seventeen billion this fiscal will support both lithium-ion cell manufacturing and existing battery operations. The upcoming lithium-ion facility, expected to be operational by financial year twenty twenty-six, has not been factored into the current revenue projection.

Managing Director and Chief Executive Officer Avik Roy expressed confidence in the company's growth, citing strong demand and improving financial metrics. Despite recent margin pressure due to high input costs, particularly antimony, the company expects improved stability going forward.

A price increase of five per cent was implemented to offset rising material costs, though a delay between cost spikes and price revisions had temporarily impacted profitability. The company also noted a dip in home uninterruptible power supply (UPS) demand due to a weak season.

Exide sees long-term potential in electric vehicle markets but is cautious about estimating returns from its new ventures until market adoption becomes clearer.

Source:PTI


Exide Industries has announced a revenue target of Rs 200 billion over the next two to three years, driven primarily by its lead-acid battery business. The company reported revenue of Rs 165.88 billion in financial year twenty twenty-five.Planned investments of Rs sixteen to seventeen billion this fiscal will support both lithium-ion cell manufacturing and existing battery operations. The upcoming lithium-ion facility, expected to be operational by financial year twenty twenty-six, has not been factored into the current revenue projection.Managing Director and Chief Executive Officer Avik Roy expressed confidence in the company's growth, citing strong demand and improving financial metrics. Despite recent margin pressure due to high input costs, particularly antimony, the company expects improved stability going forward.A price increase of five per cent was implemented to offset rising material costs, though a delay between cost spikes and price revisions had temporarily impacted profitability. The company also noted a dip in home uninterruptible power supply (UPS) demand due to a weak season.Exide sees long-term potential in electric vehicle markets but is cautious about estimating returns from its new ventures until market adoption becomes clearer.Source:PTI

Next Story
Resources

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director – HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele’s wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele’s full portfolio—includi..

Next Story
Resources

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India’s fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..

Next Story
Infrastructure Transport

Ahmedabad’s Rs 1.17 Billion Flyover Opens

A major infrastructure milestone was achieved in Ahmedabad with the inauguration of a new Rs 1.17-billion flyover at Pallav Char Rasta on May 18.Union Home and Cooperation Minister Amit Shah, who represents the Gandhinagar Lok Sabha constituency, unveiled the structure that was expected to ease vehicular congestion for nearly 1.5 lakh daily commuters navigating through the city’s busy Naranpura zone. The flyover, constructed across the 132-feet Ring Road, extended 935 metres in length and spanned 8.4 metres in width. It reached a height of 5.37 metres at the Pragatinagar junction and feature..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?