Exide: Q4 Net Profit up whopping 44% vis-a-vis CNBC estimates.
Exide Q4: Net Profit At Rs 177.5 Cr Vs CNBC-TV18 Poll Of Rs 123.2 Cr
Total Income At Rs 1,761.4 Cr Vs CNBC-TV18 Poll Of Rs 1,364 Cr
EBITDA At Rs 267.4 Cr Vs CNBC-TV18 Poll Of Rs 208 Cr
EBITDA Margin At 15.2% Vs CNBC-TV18 Poll Of 12.6%
Consolidated Net Profit for FY16 HIGHEST EVER Rs 714 crores ( Market/analysts have surprisingly considered only Standalone NP of 622 crores)
UBS ON EXIDE
Maintain Buy, target `182. Sales 4% ahead of expectations, results ahead of consensus. Higher sales due to improved demand in automotive & industrial battery segments. Expect positive momentum of inverter sales in Q4FY16 to continue in Q1FY17. Buy rating driven by strong brand franchise & reasonable valuations