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This Article is From Feb 01, 2022

Exide Industries Q3 Review - In-Line; Raw Material Cost Inflation, Adverse Mix Impact Margins: Motilal Oswal

Exide Industries Q3 Review - In-Line; Raw Material Cost Inflation, Adverse Mix Impact Margins: Motilal Oswal

Exide Industries Q3 Review - In-Line; Raw Material Cost Inflation, Adverse Mix Impact Margins: Motilal Oswal
Exide Battery on display. (Source: BloombergQuint)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Exide Industries Ltd.'s performance was impacted by high raw material cost inflation and higher original equipment manufacturer contribution.

We expect sustained recovery, led by OEM recovery and aftermarket growth, with a continuous shift from the unorganised to the organised segment.

Exide Industries has confirmed it is setting up a li-ion cell manufacturing plant – irrespective of the benefit from the production linked incentive scheme; the announcement of the plans would be a key monitorable.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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