External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>EXID's standalone revenue increased by 3.9% YoY, coming in 4.1% lower than street estimates.</li><li>Gross profit grew by 5.4% YoY, while gross margin improved by 43bps YoY to 31.5%, aided by stable RM prices and pricing action.</li><li>EBITDA remained flat, while margin contracted by 43bps YoY to 11.3%, impacted by higher other expenses, which stood at 13.9% as a percentage of sales compared to 13.1% in Q2FY24. PAT increased by 3.8% YoY.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

EXID's standalone revenue increased by 3.9% YoY, coming in 4.1% lower than street estimates.Gross profit grew by 5.4% YoY, while gross margin improved by 43bps YoY to 31.5%, aided by stable RM prices and pricing action.EBITDA remained flat, while margin contracted by 43bps YoY to 11.3%, impacted by higher other expenses, which stood at 13.9% as a percentage of sales compared to 13.1% in Q2FY24. PAT increased by 3.8% YoY.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Exide Industries - Soft Quarter Owing to Slowdown in OEM Demand