Exide Industries, a well-known battery maker, is making headlines this Wednesday because it put in a big investment of ₹100 crores (which is about $12 million) in its fully owned company, Exide Energy Solutions Ltd (EESL). They did this by buying 2.77 crore new shares (that’s 27.7 million shares) in a special offer.
The company stated that on December 17, 2024, they invested ₹99,99,99,972 (which is almost ₹100 crores) to buy more shares in EESL, raising its total investment there to ₹3,152.24 crores (around $379 million). Even after this investment, Exide still owns 100% of EESL.
EESL is busy setting up a new factory in Bengaluru to make lithium-ion battery parts. This factory will be paid for with the money from Exide’s new investment, and it will also help with other costs.
In the latest updates, Exide Industries reported a decline of 13.66% in profits for the second quarter of the financial year 2025, making ₹233.4 crores (down from ₹270.32 crores last year). However, the company’s revenue went up to ₹4,450 crores compared to ₹4,371.52 crores in the same quarter last year. They mentioned that there is strong demand in the two-wheeler and four-wheeler markets, helping sales grow.
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