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Q1FY20 Earnings Report of Exide Industries Ltd - HDFC Securities
Trends in Sales and Margins
Revenue rose by 6.95% to Rs. 2779.2 Cr in Q1FY20 when compared to the previous quarter. Also, it rose by 0.24% when compared with Q1FY19. The Sales had been increasing from Q4FY19 to Q1FY20, while it was decreasing in the period from Q2FY19 to Q3FY19. EBITDA was Rs. 424.1 Cr for Q1FY20, a rise of 8.8% compared to Q4FY19.It increased by 7.34% compared to Q1FY19 . The EBITDA had been increasing from Q4FY19 to Q1FY20. It displayed an erratic but decreasing trend from Q1FY19 to Q4FY19. PAT for Q1FY20 was Rs. 224.3 Cr, a rise of 6.45% when compared to Q4FY19 . When compared to Q1FY19, PAT rose by 6.86%. The PAT had been increasing from Q4FY19 to Q1FY20. It displayed an erratic but decreasing trend from Q1FY19 to Q4FY19.
Trend of Employee Expenses
The EBITDA Margin grew to 15.3% in Q1FY20, a rise of 30.0 bps compared to the last quarter. It was due to the drop in other and raw material expenses as a proportion of sales. The EBITDA Margin was 14.2% same quarter last year.The PAT Margin displayed negligible change compared tothe previous quarter, currently at 8.1. The PAT Margin was 7.6% same quarter last year.
The EPS grew this quarter to Rs. 2.6 from Rs. 2.5 in Q4FY19. In Q1FY19 it was Rs. 2.5.
The stock price of Exide Industries Ltd decreased from Rs. 218.65 to Rs. 179.15 when compared to the previous quarter.
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HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475
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