Exide Industries expects to regain pre-covid margin in 1-2 years
Exide Industries plans to regain its pre-pandemic EBITDA margin of 13-14% within the next one to two years after its current margin reached 10.6%. CEO Subir Chakraborty anticipates a turnaround in both the automotive and industrial sectors, but input costs have remained inconsistent. Chakraborty also indicated the company's INR 6,000 crore lithium-ion cell manufacturing plant near Bangalore is advancing as planned, with commercial production to start in 2024-25.
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