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May 22, 2015 10:24 PM ET

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Company Overview of Exide Industries Limited

Company Overview

Exide Industries Limited manufactures and sells lead acid storage batteries for automotive, industrial, and submarine applications in India and internationally. It offers automotive batteries under the EXIDE, SF, SONIC, Standard Furukawa, DYNEX, and INDEX brands; and submarine batteries for defense applications. It sells its automotive batteries through a distribution network of dealer outlets primarily to car and two-wheeler manufacturers. The company also provides industrial batteries, including conventional lead acid batteries, valve regulated lead acid batteries, and nickel-cadmium batteries under the EXIDE, INDEX, SF, CEIL, POWER SAFE, and CHLORIDE brands. It offers industrial batteries...

Exide House

59E Chowringhee Road

Kolkata,  700020

India

Founded in 1916

3,918 Employees

Phone:

91 33 2283 2120

Key Executives for Exide Industries Limited

Chief Executive Officer, Managing Director, Executive Director, Chairman of Risk Management Committee, Member of Share Transfer Committee, Member of Executive Committee, Member of Banking Operations Committee, Member of Corporate Social Responsibility Committee, Member of Remuneration & Nomination Committee, Member of Stakeholder Relationship Committee, Director of Chloride International Limited (CIL) and Director of Caldyne Automatics Limited (Caldyne)
Age: 66
Total Annual Compensation: $15.5M
Joint Managing Director, Head of Automotive & Submarine Batteries Business, Executive Director, Member of Share Transfer Committee, Member of Executive Committee, Member of Banking Operations Committee, Member of Corporate Social Responsibility Committee, Member of Stakeholder Relationship Committee, Director of Caldyne Automatics Limited (Caldyne), Director of Chloride Batteries S E Asia Pte Limited Singapor and Director of Expex Batteries Limited UK (Espex)
Age: 64
Total Annual Compensation: $13.7M
Chief Financial Officer, Director of Finance, Whole-Time Director, Member of Share Transfer Committee, Member of Executive Committee, Member of Banking Operations Committee and Member of Risk Management Committee
Age: 53
Total Annual Compensation: $7.9M
Director of Human Resources & Personnel, Whole Time Director, Member of Share Transfer Committee, Member of Executive Committee, Member of Banking Operations Committee and Member of Risk Management Committee
Age: 50
Total Annual Compensation: $5.2M
Director of Industrial, Wholetime Director and Member of Executive Committee
Age: 57
Total Annual Compensation: $4.2M
Compensation as of Fiscal Year 2014.

Exide Industries Limited Key Developments

Exide Industries Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Year Ended Match 31, 2015

Exide Industries Limited reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2015. For the quarter, the company posted profit before tax of INR 2,045 million on a turnover of INR 16,454 million as compared to a profit before tax of INR 1,961 million on a turnover of INR 16,086 million for the corresponding quarter ended March 31, 2014. Net profit after tax of INR 1,375.90 million as compared to INR 1,321.40 million for the quarter ended March 31, 2014. Total Income has increased from INR 16,250.90 million for the quarter ended March 31, 2014 to INR 16,574.70 million for the quarter ended March 31, 2015. For the financial year ended March 31, 2015, the company reported profit before tax of INR 7,985 million on a turnover of INR 68,742 million as compared to a profit before tax of INR 7,231 million on a turnover of INR 59,642 million for the corresponding year ended March 31, 2014. Net profit after tax of INR 5,458.70 million as compared to INR 4,870.80 million for the year ended March 31, 2014. Total income has increased from INR 59,995.70 million for the year ended March 31, 2014 to INR 69,062.20 million for the year ended March 31, 2015. For the year on consolidated basis, the Group has posted a net profit after tax, minority interest and share of profit of associates of INR 6,145.50 million as compared to INR 5,446.60 million for the year ended March 31, 2014. Total income has increased from INR 83,819.50 million for the year ended March 31, 2014 to INR 96,301.00 million for the year ended March 31, 2015. Net sales /income from operations were INR 95.6848 billion against INR 83.0885 billion a year ago. Profit before tax was INR 8.7674 billion against INR 7.9432 billion a year ago. Basic and diluted earnings per share were INR 7.23 against INR 6.41 a year ago.

Exide Industries Limited Announces Board Appointments

Exide Industries Limited announced that the Board of Directors of the company at its meeting held on April 30, 2015, inter alia, has approved the appointment of Mr. Bharat Dhirajlal Shah, as an Additional Director (Non-Executive) with effect from April 30, 2015 who shall hold office up to the date of the ensuing Annual General Meeting of the company and appointment of Mr. Jitendra Kumar as the Company Secretary and Compliance Officer of the company with effect from April 30, 2015.

Exide Industries Limited Recommends Dividend for the Year Ended March 31, 2015

Exide Industries Limited announced that the Board of Directors at its Meeting held on April 30, 2015, has recommended payment of a final dividend of 70% (INR 0.70 per equity share of face value of INR 1 per share) for the financial year ended March 31, 2015, subject To Approve the shareholders at the ensuing Annual General Meeting. Consequently, the total dividend for the year ended March 31, 2015 including the interim dividend of 150% (INR 1.50 per equity share of face value of INR 1 each) paid during the year amounts to 220% (INR 2.20 per equity share of face value of INR 1 each).

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