Battery maker Exide Industries Ltd on Friday (November 14) reported a net profit of ₹221 crore for the September quarter, significantly below the CNBC-TV18 poll estimate of ₹319 crore. The figure also marked a 25.8% year-on-year decline from ₹298 crore in the same period last year.

Revenue stood at ₹4,178 crore, lower than the poll estimate of ₹4,459 crore and down 2.1% from ₹4,267 crore a year earlier.

EBITDA came in at ₹394.5 crore, missing the CNBC-TV18 expectation of ₹533 crore and falling 18.5% year-on-year from ₹484 crore. The EBITDA margin dropped to 9.4%, compared with the poll estimate of 12%, and 11.3% in the year-ago quarter.

Exide Industries said the quarter began on a strong footing with double-digit growth in the trade business, but momentum weakened after the GST rate c

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