Prabhudas Lilladher's research report on Exide Industries. Exide Industries’ (EXID) 4QFY24 performance was better than our as well as street estimates. Its revenue grew by 13.2% YoY/4.4% QoQ slightly higher than PLe/BBGe estimates. Gross profit grew by 25.2% YoY/9.4% QoQ and gross margin expanded by 316bps YoY/151bps QoQ. Consequently, EBITDA expanded by 40.6% YoY/17.3% QoQ while margin increased.