EXIDE INDUSTRIES = Q1 FY 11 = EXCELLENT IMPROVEMENT = TOTAL FY11 COULD FURTHER IMPROVE

EXIDE INDUSTRIES LIMITED

Q1 FY11 RESULT

5 Qtrs comparison

Exide Industries has declared the result of q/e June 2010 and this is compared below with the previous 4 quarters performance.

As can be seen from the figures below, the company has performed better in Q1 FY11. Compared to preceding Quarters.

Net Sales has increased by 12% to Rs.1152 Cr in Q1 FY11 compared to Rs, 1028 Cr of Q4 FY10 and by 27.5% Rs.903 Cr in Q1 FY10.

Total Expenditure        has increased in Q1FY11 by 9% to Rs.908 Cr compared to Rs.834 Cr in Q4 FY10 and by 27.4% compared to Rs.  713 Cr in Q1 FY10.

Net Profit has increased by a healthy 22.9% to Rs.165.34 Cr in Q1 FY11, compared to Rs.134.54 Cr in Q4 FY10 and by 35.1% compared to Rs.122.40Cr in Q1 FY10

Basic EPS has also gone up to Rs.1.95 on a face value of Rs.1, compared to Rs.1.66 in previous Qtr. At this rate of improvement, Exide may clock an annual EPS of over Rs.8 to Rs.10 in FY11 on the Face value of Rs.1. the last year EPS 6.69 (stand alone).

Current Market price is Rs.135.40. Hence based on the likely EPS (about Rs.9) of FY11, the PE works out to 15.11.

What company says -

'The company's penetration strategy into the replacement market for commercial vehicles and tractor segment is paying off handsomely where sales grew by 14 per cent. Among other segments, motorcycle battery sales showed significant growth, improving 27 per cent in volume terms,' the company said in a statement.

Going by the progress of the company and its plans - it can achieve further improvement going forward in FY11.

QUARTERLY FIGURES FOR 5 QTRs :

EXIDEIND-Q'LY	Jun-10	Mar-10	dif%1	Dec-09	Sep-09	Jun-09	dif%2
Net Sales	115168	102801	12	91257	95031	90311	27.5
Other Optg Incom	40	227	-82.4	34	39	35	14.3
SIT&WIP	-153	-105	45.7	-9020	-2609	6807	-102.2
Raw Materials	67722	61571	10	60714	54549	45562	48.6
Traded Goods	1062	142	647.9	63	205	194	447.4
Employees Cost	6780	5717	18.6	5519	5915	5370	26.3
Depreciation	1942	2083	-6.8	1885	2215	1882	3.2
Other Expdr	13478	13953	-3.4	12144	12299	11468	17.5
Total Expenditure	90831	83361	9	71305	72574	71283	27.4
Op.Profit	24377	19667	23.9	19986	22496	19063	27.9
Other Income	616	571	7.9	102	114	89	592.1
P B I&EI	24993	20238	23.5	20088	22610	19152	30.5
Interest	134	259	-48.3	290	440	40	235
P B T	24859	19979	24.4	19798	22170	19112	30.1
Tax expense	8325	6525	27.6	6750	7203	6872	21.1
P A T	16534	13454	22.9	13048	14967	12240	35.1
Net Profit	16534	13454	22.9	13048	14967	12240	35.1
Dividend (%)	-	40		-	60	-
Face Value -Rs	1	1	0	1	1	1	0
Paid Up Equity	8500	8500	0	8000	8000	8000	6.3
Reserves	-	-		-	-	-
Basic EPS	1.95	1.66	17.5	1.63	1.87	1.53	27.5
Public holding (%)	54.01	54.01	0	51.13	51.13	51.13	5.6

Highlights of 2009-10

• Net turnover rises 12 per cent to Rs 3,794 crore
• Pays 40 per cent final dividend ; annual dividend 100 per cent
• ROCE and RONW rise to 42% and 44 per cent respectively
• Debt-Equity Ratio at 0.04 : 1

ANNOUNCEMENTS

TO THE EXCHANGE

13-07-2010        Exide Industries Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 115168 lacs for quarter ending on 30-JUN-2010 against Rs. 90311 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 16534 lacs for the quarter ending on 30-JUN-2010 against Rs. 12240 lacs for the quarter ending on 30-JUN-2009.    -

23-06-2010        Exide Industries Limited has informed the Exchange that the annual general meeting of the members of the company is scheduled to be held on July 14, 2010.

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