Exide Industries Limited has informed the Exchange that Board of Directors at its meeting held on April 30, 2025, recommended Final Dividend of Rs. 2 per equity share.
EXIDEIND · price
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Exide Industries' board has recommended a final dividend of Rs. 2 per share (face value Re. 1) for FY25, subject to shareholder approval at the AGM on July 26, 2025; record date is July 19, 2025. The dividend is unchanged from the previous year. Standalone revenue from operations grew to Rs. 16,588 crore (vs Rs. 16,029 crore in FY24), with profit after tax rising modestly to Rs. 1,077 crore and EPS at Rs. 12.67. On a consolidated basis, revenue grew to Rs. 17,238 crore but profit after tax dipped to Rs. 800 crore (from Rs. 883 crore), largely due to losses at subsidiary Exide Energy Solutions Limited. The board also cleared a further investment of up to Rs. 1,200 crore in EESL for its lithium-ion cell manufacturing facility. Leadership changes include Mr. Sridhar Gorthi taking over as Chairman, while CFO Asish Kumar Mukherjee retired after 27 years and was replaced by Manoj Kumar Agarwal.
The flat dividend and a dip in consolidated profit (despite higher revenue) signal margin pressure, particularly from the EV battery subsidiary which is still in build-out mode. The Rs. 1,200 crore investment in EESL means continued capital deployment toward future growth but also sustained near-term drag on group profitability.