Exide Industries Q4 profit rises 1% to ₹187 crore, dividend announced; check record date

Consolidated revenue from operations advanced 3.89% to ₹4,335.42 crore in the latest March quarter, compared to ₹4,172.9 crore in the corresponding period of the previous fiscal year.

Exide Industries announces dividend; check record date

Exide Industries' Board of Directors recommended a dividend of ₹2 per share for the financial year 2024-25, subject to the approval at the forthcoming annual general meeting (AGM).

The record date is set as July 19. The dividend, if approved by the company's shareholders, shall be paid within 30 days after the conclusion of the AGM.

Exide Industries share price

The stock is trading 3.9% lower at ₹355.45 apiece on the National Stock Exchange (NSE) at 2:15 pm.

Avik Roy, MD and CEO, said that the financial year 2024-25 was characterised by tough macro-economic conditions, resulting in lower capital expenditure and investments across sectors.

"We expect the overall demand scenario to improve going ahead and will continue to focus on driving sales and achieving cost efficiencies. Additionally, our yearlong program on cost excellence, organisational transformation, and investment in manufacturing technology has started showing results from March onwards. In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We intend to commercialise operations in FY26," he said.

In FY25, the company invested around ₹1,000 crore in its wholly owned unit, Exide Energy Solutions. Additionally, ₹300 crore was infused in April 2025, taking the total investment in its unit till now to ₹3,602.23 crore.