Q2-FY25 · Asish Mukherjee
Our immediate objective is to get around 13%, and obviously, at a longer horizon, we'll look at around 14%.
EXIDEIND / language trends
Read confidence between the lines.
Exide Industries · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q2-FY25 · Mandar Deo
We have seen a lot more deeper engagement from our customers in terms of capacity evacuation.
Q2-FY25 · Avik Roy
The businesses which declined in the first half year are going to rebound. That is our expectation in the rest of the year.
Q2-FY26 · Avik Roy
We have passed on the entire benefit of GST rate reduction to the end consumer during this period.
Q2-FY26 · Avik Roy
The trick lies in your operational efficiency and sourcing. Once we ramp up the scale, and fortunately, we have good collaboration with our principal partner, SVOLT, we have been able to access raw material at scale from reliable suppliers.
Q2-FY26 · Avik Roy
I would recommend that you do not consider this Q2 margin as a reference margin because in Q1 itself, if you go back, we have done 12% plus.
Q3-FY26 · Avik Roy
We have not taken any price correction in Q3, particularly because we wanted to pass on the entire benefit of the GST reduction to the end customer.
Q3-FY26 · Avik Roy
In January, we have taken one round of price correction we had to take, because otherwise this currency and these commodities were killing us.
Q3-FY26 · Avik Roy
Having a local supplier with such capabilities and helping me to receive the material on daily basis... this is a great value for any OEMs.
Q4-FY25 · Avik Roy
We are probably the only one that when we started this project, we tried to mitigate the risk through multiple chemistry and multiple format methods.
Q4-FY25 · Avik Roy
If I do the math and if I add this back, we were at a very good EBITDA margin level even in Q4. We were actually close to 13%.
Q4-FY25 · Avik Roy
We still hold to our promises which we made to you in the recent past on our numbers.
Q4-FY26 · Avik Roy
I would still believe that the core business at this situation has a potential to do at least a high single digit to double digit growth.
Q4-FY26 · Avik Roy
The key will be to also the government has to also develop this industry locally. There has to be a value for Make in India cell, because otherwise nobody else will come up for investment like this if they are not encouraged.
Q4-FY26 · Pravin Saraf
Our target will be meeting the landed cost of the imported cell.