On a consolidated basis, the net profit of Exide Industries hit a high of 2.54 per cent to Rs 175.30 after the company’s net profit jumped 22.7 per cent to Rs 241.20 crore on a 13.3 per cent increase in net sales to Rs 3,841.13 crore in the second quarter of FY23 over the second quarter of FY22.

In the second quarter of FY23, EBITDA stood at Rs 412 crore compared to Rs 413 crore in the second quarter of FY22 as high input costs. However, the EBITDA margin increased to 11.1 per cent in the second quarter of FY23 compared with 9.9 per cent in the first quarter of FY23.

The cost of raw materials consumed stood at Rs 2,737.61 crore, up 5.6 per cent yearly, and employee expenses stood at Rs 257.89 crore, up 6.5 per cent yearly. Finance costs surged 58 per cent to Rs 18.09 crore during the second quarter.

The company has reliable battery brands, designs, markets, manufactures and sells the widest range of lead acid storage batteries to cover the broadest spectrum of applications.