Exide Industries Reports Strong Operating Cash Flow and Net Sales Growth in Q1 FY25
Exide Industries, a leading battery manufacturer in India, has recently announced its financial results for the quarter ended June 2024. The company has reported a flat performance for the quarter, with a score of 3 out of 10, which is an improvement from the previous quarter’s score of -3.
One of the key highlights of the financial results is the company’s strong operating cash flow, which has been consistently growing over the past three years. In the last fiscal year, Exide Industries recorded the highest operating cash flow of Rs 1,531.41 crore. This indicates that the company has been able to generate higher cash revenues from its business operations.
In terms of net sales, Exide Industries has also shown a positive trend. The company’s net sales for the quarter stood at Rs 4,435.71 crore, which is the highest in the last five quarters. This indicates a strong performance in the near term for the company.
Based on these financial results, MarketsMOJO has given a ‘Hold’ call for Exide Industries’ stock. This suggests that investors should hold on to their current positions in the company’s stock and wait for further developments. With a large market capitalization, Exide Industries remains a key player in the battery industry in India.
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