Exide Industries Ltd. — Interim / Quarterly Report 2021

Nov 10, 2020

RefNo.: EIL/SEC/2020-21/33

10.11.2020	10.11.2020
The Calcutta Stock Exchange Limited 7 Lyons Range Kolkata - 700 00 I CSE Scrip Code: 15060 & 10015060	BSE Limited PhirozeJeejeebhoy Towers Dalal Street, Mumbai - 400 001 BSE Scrip Code: 500086
National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot no. C/1, G Block Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 NSE Symbol: EXIDEIND	~~-~~

Dear Sir/ Madam,

Sub: Outcome of the Board Meeting held on 10[th ] November, 2020

Enclosed please find the Unaudited Financial Results (Consolidated and Standalone) for the quarter and six months ended 30[th ] September, 2020 which was approved and taken on record by the Board of Directors at its meeting held today i.e. 10[th ] November 2020. The said results were reviewed by the Audit Committee of directors at its meeting held earlier today. A copy of the Limited Review Report by the auditors on the said financial results is also enclosed.

The copy of the Press Release being issued in this regard is also attached.

The board meeting commenced at 12.00 P.M. and concluded at 1.30 PM.

This communication is also being uploaded on the website of the Company at www.exideindustries.com.

We request you to kindly take the same on record and acknowledge receipt

Thanking you.

Yours faithfully,

For Exide Industries Limited I.2Kumar Company Secretary and EVP- Legal & Administration ACS No. 11159 �vv��

Encl:

• Unaudited Standalone and Consolidated Financial results

• Limited Review report (Standalone & Consolidated)

• Press Release

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone : (033) 2302-3400, Fax: (033) 2283-2642/37 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com CIN: L31402WB1947PLC014919

Chartered Accountants

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BS R & Co. LLP

Unit No. 603, 6[th ] Floor, Tower 1, Telephone: +91 33 4035 4200 Plot No. 6, Block - DP, Godrej Waterside, Fax: +91 33 4035 4295 Sector V, Salt Lake, Kolkata - 700091

Limited review report on unaudited quarterly standalone financial results and standalone year-to­ date financial results of Exide Industries Limited pursuant to Regulation 33 of the SEBI (Listing Ollligutiuns and Disclosures Requirements) Regulations, 2015 ('Listing Regulations')

To Board of Directors of Exide Industries Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of Exide Industries Limited ("the Company") for the quarter ended 30 September 2020 and year to date results for the period from O 1 April 2020 to 30 September 2020 ("the Statement").

2. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the infonnation required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants Firm's Registration No.: 101248W /W-100022

JAYANTA

MUKHOPADHYAY

Digitally signed by JAYANTA MUKHOPADHYAY Date: 2020.11.10 12:53:06 +05'30'

Jayanta Mukhopadhyay

Place: Kolkata Date: 10 November 2020

Partner Membership No.055757 UDIN: 20055757AAAAEC4453

BSR & Co. LLP (a partnership finn with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

Registered Office: 5th Floor, Lodha Excelus Apollo Mills Compound N.M. Joshi Marg, Mahalaxmi Mumbai • 400 011

EXIDE IDUSTRIS LIITED

EXIDE IIOllSE, 59E,CIIOWRJNGIIEE ROAJ>, KOLKATA - 700020 CIN : L314[0] lWBt947PLC0l4919

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2020

		Partculars			3 Months ended 30 Sept.2020 (Unaudite) **Rs. Crorcs **		3 Months ended 30 Jun.2020 (Unaudite) Rs. Crores		3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores			Yer to Year to Ye date date ended 30 Sept.2020 30 Sept.2019 JI Mar.2020 (Unaudite) (Unaudited) (Audited) Rs.Crores Rs. Crores Rs. Crores
I. Income a. Revenue from operations b. Other income Total income l, ExperHN a Co! of materals consumed b. Purchases of stock in trade c. (Increase)/ derease in inventories of fnished goods, work in progress ad stock in tade d Employe benefts expnse e. Finance costs f Depreiation and amortistion expnse..� g Other expenses Total expense 3. Prnnt Ueftt tueµlluunl ltew uuJ hu. 4. Excptional item 5. Profit before tax 6 Tax expenses. Current - Deferre -Total 7. Net JlrOfl arter tax 8. Other comprehensive income i Items that will not be reclassified to Statement of profit or loss ii Income tax relating to items that will not be relassified to Statement of proft or loss Total other comprehensive income _9._Total comprehensive income 10. Paid up equity share capitol ( Face value Re. 1 ) 11. Other equity 12. Eaings per share ( Basic & Diluted)					2,753.38 14.77 2,768.15 1,782.60 0.67 5.85 190.81 6.28 95.33 381.44 2,462.98 305.17 305.17 85.29 (8.89) 76.40 228.77 0.11 (0.15) (0.04) 228.73 85.00 Rs. 2.69	#	1,547.62 7.04 1,554.66 472.09 1.67 590.44 139.60 1.41 91.36 195.36 1,491,93 62.73 62,73 26.78 (8.00) 18.78 43.95 3 18 0.58 3.76 47.71 85.0 Re. 0.52	#	2,610.86 5.55 2,616.41 1,668 39 (3.46) 174.26 1.78 89.81 404.45 2,335.23 201.10 281.18 66.22 (22.33) 43.89 27.29 (4 93) 0.95 (3,98) 233.31 85.00 Rs. 2.79	#		4,301.00 5,390.11 9,856.66 21.81 21.96 63.94 4,22.81 5,412.07 9,920.60 2,254.69 3,324.47 6,519 80 2.34 2.57 6.17 59.29 129.87 (259.58) 330.41 340.97 666.40 7.69 3.57 9.40 186.69 176.23 362.63 576.80 817.31 1,558.89 3.954.91 4,794,99 8,863.71 367.90 617.08 1,0f6,89 (21.70) 367.90 617.08 1,05.19 112.07 183.15 280.92 (16.89) (27.65) (11.24) 95.18 155,S0 20.68 272.72 461.58 825.51 3 29 (11.08) (22 63) 0.43 2.0 4.85 3,72 (9.02) (17.78) 276.44 452.56 807.73 85.0 85.0 85.0 6,211.11 Rs. 3 21# Rs. 5.43 # Rs. 9.71

# Not annualised

l&IIXIDl!I

EXIDE HOUSE. 59E.JWRINGIIEE ROAD. KOLKATA. 700020 CI: L3l402WB1947PLC0149l9

EXIE INDUSTRIES LIMITED

STATEMENT OF ASSETS AND LIABILITIES

TATEMENT OF ASSETS AND LIABIITIES
Particulars A. ASSETS 1. Non•current assets a. Property, plant and equipment b. Capita] work•in•progress c. Investment property d. Intangible assts c. Financial assets i. investments ii. Trade reeivables iii. Loons f Current tax assts (net) gOther non•current assts Tnhi - Ntm-.t1f"Nnf 1 Hfl 2. Current assets a. Inventories b Financial assets i. lnvestmtmls ii. Trade receivables iii. Cah and cash euivalents iv. Bank balances other than (iii) above v. Loans vi. Other financial assets c. Other current assets Total• Current assets TOTAL. ASSETS B. EQUITY AND LIBILITIES 1. Equity Equity share capital Other equity Total - Equit 2. Non-current liabilities a. Financial liabilities i. Lase liabilitie ii. Trade payables Total out�tanding dues of micro and smallenterpris Total outstanding dues of creitors other than micro cntcrnscs iii Other financial liabilities b. Provisions c Deferred tax liabilities (net) Total- Non�current liabilities 3. Current liabUities a Financial liabilities i. Lease liabililies ii. Trade payables Total outstanding dues of micro and small enterprs Total outstanding dues of creitors other than micro enternses iii. Other financial liabilities b. Other current liabilities c. Provisions Total - Current liabilities TOTAL- EQUITY AND 1,IABIUTIES	s and sma es ad sma			Aat 10 SPll ?070 (Unaudite) Rs. Crores		Asat 11 M1r(h7070 (Audite) Rs. Crores
		ll ll		2.528.20 254.94 34.12 38.06 2.130.65 0.04 21.62 33.05 61.26		2.302.92 296.88 34.23 36.47 2,052.07 0.10 17.19 6.72 98.00
				5.101.94		',POl.51
				1,691.52 1,282.74 844.51 23.49 9.27 14.92 25.89 123.55		2,192.27 13.73 815.30 144.87 9.72 14.98 24.66 118.97
				4,015.89		3,339.50
				9,117.83		8,242.08
				85.00 6,487.55		85.00 6.21 I.II
				6,572.55		6,296.11
				283.56 6.18 4.88 71.95 84.92		27.39 5 74 2.95 63 78 I0!.86
				451.49		201.72
				6.11 142.25 1,143.27 220.IO 293.72 288.34		0.61 71.36 958.96 275.41 141.49 296.42
				2,093.79		1,744.25
				9,117.&		8,242.08

B. EQUITY AND LIABILITIES

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EXIE INDUSTRIES LIMITED

EXIDE HOUSE. 591'.CHOWRINGl!EE ROAi>, KOLKATA. 700020 CIN: L31402WB1947PL014919

STATEMENT OF CASH FLOW

Particulars (A) CASH FLOW FRml OPF.RA TING ACTIVITIES: Net Proft Befre Tax AdJustmcn1 for. Depreciation and amortisation Loss/{profit) on property, plant and equipment sold/discarde (net) D1vi<lcn<l income Rent 1ncon11� Fmance costs Interest income Provision for expecte credit loss written of/(back) Gain on fair value of investments designated at FVTPL Operating prolit before working capital change (Increase)/decrease in trade reeivables Decrease in inventories (Increase)/decrease in loans, other fnancial assets and other assets Increase/(decreas) in other financial liabilities, other liabilities and provisions CHh ge11eulN flUiU u�e• aHou• Diret taxes paid (net of refnds and interest thereon) Net Cash fom operating activities (B)CASH FLOW FROM INVESTING ACTIVITIES: Purchaseandconstruction of property,plant andeuipment Proceeds fom sale of property, plant and euipment Acquisition of investmentproper Investments in subsidiaries Acquisitionof investentin sareunits Redemption of investment in shares / units Purchase of investment of mutual fnd units Safe of investment of mutual fund units Interest reeived Rent received Dividend reeive Net CRshusein investing activities (C) CASH FLOW FROM FINANCING ACTIVITIES: Dividends paid (including tax) Payment towards lease liability Interest paid Net Cash uaed in fnancing activitie Net increase(derease) in cash and cash equivalents (A+RtC) Cash and cashequivalents. opening balance Cash and casheauivalents•closin2 balance			Year to date 30 Scpt.2020 (Unaudite) Rs.Crores	Year to date 30 Sept.2019 (Unaudite) Rs.Crores
			367.90 186.69 (10.00) (1.47) 7.69 (0.98) 549.83 (2915) 500.75 (0.06) 366.03 1,387.40 (80.01 1,307.39 (94.56) 0.02 (0.25) (73.17) (l.88) 1.25 (1,780.0) 518.71 0.98 1.47 7.29 (1,420.14 (7.81) (0.82) (8.63) (121.38) 144.87 23.49	617.08 176.23 0,39 (9.10) (0.73) 3.57 (5.73) 3.18 (0.54) 784.35 42.21 78.44 105.10 (94.28)
				91S.82
				(122.71)
				793.Il
				(254.83) 127 (43.41) (2.37) 2.86 (920.0) 520.00 0.94 0.73 7.92
				(686.89)
				(81.98) (1.22) (2.34)
				(85,54)
				20.68 64.70 85.38

Notes:

• l. The Company's operating segments have been aggregated as a single operating segment of 11Storage Batteries and Allied Product". Hence, no separate segment information is disclosed.

• Revenue from Operations is net of trade discounts / trade incentives.

• The Company has considered the possible risk that may result from the pandemic relating to COVlD-19 and expects to recover the carrying amount of all its asseL1t, including inventories, receivables, investments and other financial and non-financial assets in the ordinary course of business based on the internal and external information available upto the date of approval of these financial results. The Company is continuously monitoring any material changes in economic conditions.

4. Previous period / year figures have been regrouped and/or re--arranged. wherever necessary.

1. The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November JO, 2020. The Limited Review of these results., as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed by the Statutory Auditors of the Company.

Cf!: Gau1am ChalterJee [:.:�d] Managing Director & ChiefExeculive Officer DIN: 00 12306

Kolkata

November IO, 2020.

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BS R & Co. LLP

Ct1artered Atx:uuntanti;

Unit No. 603, 6[th ] Floor, Tower 1, Telephone: +91 33 4035 4200 Plot No. 6, Block - DP, Godrej Waterside, Fax: +91 33 4035 4295 Sector V, Salt Lake, Kolkata - 700091

Limited review report on unaudited quarterly consolidated financial results and consolidated year to-date financial results of Exide Industries Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 ('Listing Regulations')

To

Board of Directors of Exide Industries Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Exide Industries Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended 30 September 2020 and year to date results for the period from 01 April 2020 to 30 September 2020 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Listing Regulations.

2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Pe1formed by the lndependentAuditorof the Entity", issued by the Institute of Chartered Accountants oflndia. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities:

Subsidiaries:

• a. Chloride International Limited

• b. Chloride Power Systems & Solutions Limited

• c. Chloride Metals Limited

• d. Exide Leclanche Energy Private Limited

• e. Exide Life Insurance Company Limited

• Chloride Batteries S.E. Asia Pte Limited and its wholly owned subsidiary [Exide Batteries (Pvt) Limited]

• g. Espex Batteries Limited

• h. Associated Batte1y Manufacturers (Ceylon) Limited

Registered Office: 5th Floor, Lodha Excelus Apollo Mills Compound

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BSR & Co. LLP (a partnership firm with Registration No, BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

N.M. Joshi Marg, Mahalaxmi Mumbai - 400 011

BS R & Co. LLP

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Associates:

• i. CSE Solar Sunpark Maharashtra Private Limited

• ii. CSE Solar Sunpark Tamilnadu Private Limited

111. Greenyana Solar Private Limited

• Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditor referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down m the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

• The auditors of Exide Life Insurance Company Limited ("ELI"), a subsidiary, have drawn attention to Note 4 of the consolidated unaudited financial results of ELI, which explains the uncertainties and the Management of ELI's assessment of the likely impact on the financial information including on valuation on assets, liabilities and solvency due to COVID-19 pandemic, for which a definitive assessment is highly dependent upon circumstances as they evolve in the subsequent period.

Our conclusion is not modified in respect of this matter.

1. We did not review the interim financial information of one subsidiary included in the Statement, whose interim financial information reflect total assets of Rs. 18,032.34 crores (before consolidation adjustments) as at 30 September 2020, total revenues of Rs. 1,168.19 crores and Rs. 2,093.57 crores (before consolidation adjustments), total net profit/(loss) after tax of Rs 25.32 crores and Rs. (19.04) crores (before consolidation adjustments) and total comprehensive income/(loss) of Rs. (46.72) crores and Rs. 77.22 crores (before consolidation adjustments) for the quarter ended 30 September 2020 and for the period from 01 April 2020 to 30 September 2020 respectively, and net cash outflows of Rs. 81.71 crores for the period from 01 April 2020 to 30 September 2020, as considered in the Statement. This interim financial information have been reviewed by the other auditors whose reports have been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matters.

1. The Statement includes the interim financial information of seven subsidiaries which have not been reviewed, whose interim financial information reflect total assets of Rs. 1,067.09 crores (before consolidation adjustments) as at 30 September 2020, total revenues of Rs. 618.37 crores and Rs. 847.08 crores (before consolidation adjustments), total net profit/(loss) after tax of Rs 2.99 crores and Rs. (11.99) crores (before consolidation adjustments) and total comprehensive income/(loss) of Rs. 3.09 crores and Rs. (11.94) crores (before consolidation adjustments) for the quarter ended 30 September 2020 and for the period from 01 April 2020 to 30 September 2020 respectively, and net cash inflows of Rs. 2.65 crores for the period from 01 April 2020 to 30 September 2020, as considered in the Statement. The Statement also includes the Group's share of net profit after tax of Rs. 0.36 crore and Rs. 0.28 crore and total comprehensive income of

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BS R & Co. LLP

Rs.0.36 crore and Rs. 0.28 crore for the quarter ended 30 September 2020 and for the period from 01 April 2020 to 30 September 2020 respectively, as considered in the Statement, in respect of three associates, based on their interim financial information which have not been reviewed. According to the information and explanations given to us by the management, these interim financial information are not material to the Group.

Our conchwion on the Statement is not modified in respect of the above matter.

1. The auditors of ELI, have reported that the actuarial valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 30 September 2020 (which are disclosed as insurance contract liabilities, investment contract liabilities and funds for discontinued policies under Non-current liabilities and Current liabilities), is the responsibility of the ELI's Appointed Actuary. The actuarial valuation of these liabilities has been duly certified by the Appointed Actuary and in his opinion the assumptions for such valuation are in accordance with the guidelines and norms issued by the Insurance Regulatory Development Authority ('IRDAI') and the Institute of Actuaries of India in concurrence with the IRDAI. The auditors of ELI have relied upon the Appointed Actuary's certificate in this regard during their review of the valuation of these liabilities as contained in the interim financial information of ELI.

Our conclusion on the Statement is not modified in respect of the above matter.

For B S R & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022

Digitally signed by JA VANTA JAYANTA MUKHOPADHYAY MU KHOPADHY A[y ][Date: 2020.11.10 12:51 :59] +05'30'

JAYANTA

Jayanta Mukhopadhyay Partner

Membership No: 055757 UDIN: 20055757AAAAED9680

Place: Kolkata Date: 10 November 2020

' EXIDE INDUSTRIES LIMITED

·, EXIDE HOUSE, 59E,CIIOWRINGHEE ROAD, KOLKATA - 7000?0 CIN : L31402WBl947PLC014919

l& ■XIDEI

UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR TIIE QUARTER AND SIX MONTHS ENDED JO SEYrEMBER 2020

1 1 1 1	Particulars I. Income a. Revenue from operations b. Other income Total income 2, Ex1>enscs a, ( ·ort nfm:terinlo oonournO b. Pnrchnses of Stock in trade c. (Increase)/ decrease in inventories of fnished goods, work in prgress and stock in trade d. Employee benefits expense e. Finance costs f. Depreciation and amortisation expenses g. Change in \'aluation of liability of life insurance policies iu force h. Other expenses Total expenses 3Prfl before share of loss of Equity Accounted lnYestccs, exceptional ' Item and Tax Share of Profit/ (Loss) of Equity Accounted Investees 4. Profit before Exceptional Item and Tax 5. Exceptional item 6, Profit before tax 7.Tax expenses . Current • Deterred -Total 8, Net proft/(loss) after tax 9, Other comprehensiveincome i. Items that will not be reclassifed to Statement of proft or loss ii. Income lax relating to items tl1at will not be reclassifed to Statement of proft or loss iii. Items that will be reclassife to proft or loss Total other comprehensive income 0.Total Comprehensive Income 1. Paid up equity share capital ( Face value Re. l ) 2. O1her equity 3.Earingsper share(Basic & Diluted) 3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 4,011.39 20.88 4,032.27 1,614.02 16.26 (7.33) 294.80 32.44 108.92 559.29 880.30 3,699.50 332.77 0.36 333.13 333.13 85.85 (9.34) 76,51 256.62 10.57 (0.17) (81.44) (71.04) 185.58 85.00 Rs. 3.03 # 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 2,526.11 11.44 2,537.55 508.83 R 7R 578.81 230.95 35.38 104.78 537.46 528.49 2,533.48 4.07 (0.08) 3.99 3,99 26.82 (9.27) 17.55 (13.56) 56.0l 0.60 117.96 174.57 161.01 85.00 (Re. 0.13) 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores 3,778.51 6.81 3,785.32 1,699.64 71.09 (23.28) 299.68 23.91 102.92 518.28 851.05 3,493.29 292.03 292.03 292.03 66.21 (21.36) 44.85 247.18 (10.21) 0.95 (55.l l) (64,37) 182,81 85.00 # Rs. 2.92	Particulars I. Income a. Revenue from operations b. Other income Total income 2, Ex1>enscs a, ( ·ort nfm:terinlo oonournO b. Pnrchnses of Stock in trade c. (Increase)/ decrease in inventories of fnished goods, work in prgress and stock in trade d. Employee benefits expense e. Finance costs f. Depreciation and amortisation expenses g. Change in \'aluation of liability of life insurance policies iu force h. Other expenses Total expenses 3Prfl before share of loss of Equity Accounted lnYestccs, exceptional ' Item and Tax Share of Profit/ (Loss) of Equity Accounted Investees 4. Profit before Exceptional Item and Tax 5. Exceptional item 6, Profit before tax 7.Tax expenses . Current • Deterred -Total 8, Net proft/(loss) after tax 9, Other comprehensiveincome i. Items that will not be reclassifed to Statement of proft or loss ii. Income lax relating to items tl1at will not be reclassifed to Statement of proft or loss iii. Items that will be reclassife to proft or loss Total other comprehensive income 0.Total Comprehensive Income 1. Paid up equity share capital ( Face value Re. l ) 2. O1her equity 3.Earingsper share(Basic & Diluted) 3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 4,011.39 20.88 4,032.27 1,614.02 16.26 (7.33) 294.80 32.44 108.92 559.29 880.30 3,699.50 332.77 0.36 333.13 333.13 85.85 (9.34) 76,51 256.62 10.57 (0.17) (81.44) (71.04) 185.58 85.00 Rs. 3.03 # 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 2,526.11 11.44 2,537.55 508.83 R 7R 578.81 230.95 35.38 104.78 537.46 528.49 2,533.48 4.07 (0.08) 3.99 3,99 26.82 (9.27) 17.55 (13.56) 56.0l 0.60 117.96 174.57 161.01 85.00 (Re. 0.13) 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores 3,778.51 6.81 3,785.32 1,699.64 71.09 (23.28) 299.68 23.91 102.92 518.28 851.05 3,493.29 292.03 292.03 292.03 66.21 (21.36) 44.85 247.18 (10.21) 0.95 (55.l l) (64,37) 182,81 85.00 # Rs. 2.92	3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores	3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores	3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores	3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores	3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores	3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores	3 Months ende 30 Sept.2020 (Unaudited) Rs. Crores 3 Months ended 30 Jun.2020 (Unaudite) R. Crores 3 Months ende 30 Sept.2019 (Unaudited) Rs. Crores		Yer to date 30 Sept.2020 (Unaudite) R. Crores		Year to date 30 Sept.2019 (Unaudited) Rs. Crores 7,442.69 33.96 7,476.65 3,359.98 24.76 120.07 568.61 53.44 20140 903.14 1,673.92 6,907.32 569.33 . 569.33 569,33 185.23 (24.66) 160.57 408.76 (9.10) 2.06 74.53 67,49 476,25 85.00 Rs.4.82	#	Year ended 31 Mar.2020 (Audited) Rs.Crores 14,471.01 61.88 14,532.89 6,567.39 )4,25 (219.14) 1,118.93 96.59 41758 1,622.86 3,880.66 13,539.12 993.77 (0.19) 993.58 (21.70) 971,88 288.02 (78.62) 209.40 762.48 (I 18.29) 4.97 199.14 85,82 848.30 85.00 6.)82.32 Rs.9.14
										#	6,537.50 32.32 6,569.82 2,323.6, ?�-°4 571.48 525.75 67.82 213.70 1,096.75 1,408.79 6,232.98 336,84 0.28 337.12 . 337.12 112.67 (18.61) 94.06 243,06 66.58 0.43 36.52 103.53 346.59 85.00 Rs.2.90	#
#	Nol annualised
A B C	. .	Proft for the year attributable to: Owners of the Company Non..controlling interests Other comprehensive Income for the year attributable to: Owners of the Company Non�contolling interests Total comprehensive income for the year attributable to: Ownmof the Company Non-ontrollino interests			257.26 (0.64) (71.04) . 186.22 (0.64)		(10.68) (2.88) 174.57 163.89 (2.88)		247.53 (0.35) (64.37) 183.16 (0.35)		246.58 (3.52) 103.53 350.11 (3.52)		409.40 (0.64) 67.49 476.89 (0.64)		776.75 (14.27) 85.82 862.57 (14.27)

EXIDE INDUSTRIES LIMITED

EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KO!KATA. 700020 CIN: L31402WB1947PLC0l4919

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES

A, ASSETS I. Non- a. Prop b. Capi c. Goo d. Otl1e c. Intan f. Reins g, Equit h. Finan i. Inv • ln - Ot ii. Tr iii. Lo i. Curre j. Defr k. Othe Total• N 2. Curre a. Inve b. Fina i. Inv • ln • Ot ii. Tra iii. Ca iv. Ba v. Lo vi. Ot c. Othe Total. C Total. A B, EQUITY I. Equity Equ Othe Non Total Eq 2. Non-c a. Fina i. Bo ii. Le iii. T iv. Ot b. Pov c. Insu d. lnve e. Defe f. Othe i) fu ii) F Total. N 3, Curre a. Fina i. Bo ii. Le iii. T iv. Ot b. Othe c. Provi d. Insur e. Inves f. Curre Total • C TOTAL	Particulars		Aat 30 Sept.2020 (Unaudited) Rs. Crores		As at 31 March.2020 (Audited) Rs. Crores
	currenl assets erty, plant and equipment tal work -in-progess dwill r intangible assets gible assets wider development urance asset y accounted investee cial assets estments vesune111 i11 Lill Iuswam:e business her investents ade receivables ans nt tax assets (net) re tx asses (net) r non-curent assets on-current assets nt assets ntories ncial assets estments vesUnent in life insurance business her investments de receivables sh and cash euivalents nk balances other than (iii) above ans her financial assets r curent assets urrent asset ssets AND LIABILITIES ity share capital r equity - ccntrolling interest uity urrent liabllitle ncial liabilities rrowings ase liabilities rade payables Total outstanding dues of micro and small Enterprises Total outstanding dues of creditors other than micro and small enterprises her financial liabilities isions rance ccntact liabilities sUnent ccntact liabilities rred tax liabililies (net) r non-current liabilities nd for disccunted plicies (linked and non-linked) und fr future appropriation (linked and nonlinked) on-current liabilities ntliabilities ncial liabilities rrowings ase liabilities rade payables Total outstanding dues of micro and small enterprises Total outstanding dues of creditors other than micro and small enterprises her financial liabilities r current liabilities sions ance ccntract liabilities tment cntact liabilities nttliabilities (net) urrent liabilitie · EQUITY AND LIABILITIES		2,828.66 369.15 581.90 55.14 36.70 178.24 23.45 16,278.86 66.14 0.04 43.06 36.83 16.59 227.40		2,620.00 360.72 581.90 16.GO 44.15 138.96 23.17 14,736.78 60.55 0.11 38.08 69.01 16.10 221.51
			20,742.16		18,957.64
			1,939.64 772.28 1,320.94 1,009.06 133.55 10.84 18.96 405.25 192.65		2,414.56 918,21 76.79 1,060.83 331.47 10.13 22,87 376,26 198,83
			5,803.17		5,409.95
			26,545.33 85.00 6,729.11 46.74		24,367.59 85.00 6,382.32 46.94
			6,860.85		6,514.26
			10.18 351.42 6.18 11.23 81.29 13,373.96 854.58 89.83 192.01 362.97		8.85 101.56 5.14 7.34 72.54 12,907.87 885.45 107.82 163.52 341.09
			15,333.65		14,601.78
			112,55 26.66 261.21 1,659.50 314.59 333.45 301.47 1,224.97 115.74 0.69		58.53 24.29 132.78 1.472.79 360.24 185.56 306.77 605.39 104.57 0.63
			4,350.83		3,251.55
			26,545.33		24,367.59

EXIDE INDUSTRIES LIMTED

', EXIDE HOUSE, 59E,CIIOWRINGHEE ROAD, KOLKATA. 700020 CIN: L1402WB1947PLC014919

CONSOLIDATED STATEMENT OF CASH FLOW

	Particulars		Year to date 30 Sept.2020 (Unaudited) Rs. Crorcs		Year to date 30 Sept.2019 (Unaudiled) Rs. Crores
(A)CASII FLOW FROM OPERATING ACTIVITIES: Net Profit Before Tax Adjustmcm for: Depreciation nnd mnonisation Net profit on sale of investment (Prtt)/Loss on propeny, plant and equipment sold/discarded (net) Reill incom� Income from investment including dividend FhHHll't' cn•:i•: (Gain):loss on fair valuation of financial assets t ,mn on fair vctlualion ol mvcshncnts Ill mutual Jund llllltS Shnrc of profit of equity accounted investees, net of tax Change in valuation ofliability against lite policies Oprratlng 11rolt hrfore working capital changes Decrease in uadc receivables Decrease in inventories ( Increase) in loans, other fnancial assets and other assets Increase in other financial liabilities, other liabilities and provisions Cash generated from optrations Direct taxes paid (net of refunds and interest thereon) Net Cash rrom operating activities (B)CASH FLOW FROM INVESTING ACTIVITIES: Purchas� and constrction ofprope11y, plant and equipment Proceds fom sale of property, plant and euipment Net proceeds fom sale/(purchase) of investent (nel) Investent income (including dividends and interest) Rent reeive Net Cash used in investing activitie (C)CASH FLOW FROM FINANCIG ACl'IVITIES : Proceds fom borrowings Repayment of brrowings Transaction with non-controlling interest Dividends paid (including tax) Payment towards lease liability Interet paid Net Cash use In fnancing activitie Net (derease)/ increase in cash and cash euivalents (A+B+) Cash and cash equivalents• opening balance Cash and cash euivalents • closing balance Efect of exchange rate changes Cash and cash equivalents. Closing Balance			337.12 213,70 (90.95) (0,)5) (545.46) l(>.J( (211.94) (0.84) (0,28) 1,096.75 814.11 51.84 474.92 (33.63) 442.52		569.33 203.40 (142.21) (8.9) (071) (518.44) �M1 52.45 (1.26) 903,14 1,110.20 45.05 99.57 (53,72) 10.48
			1,749.76		1,211.58
			(80.05)		(128.71)
			1,669.71		1,082.87
			(176.21) 0,49 (2,240.63) 519.15		(289,75) 12.31 (1,250.98) 509.44 0,73
			(1,897.20)		(1,018.25)
			98,77 (43.46) (23.35) (4,91)		53.16 (83.28) 14.21 (81.98) (16.59) (47.49)
			**27.05 **		(161.97)
			(200,44) 331.47 131.03 2.52 133,55		(97.35) 340.94 243.59 (0.20) 243.39

==> picture [4 x 830] intentionally omitted <==

JXIDE INDUSTRIES LIMITED EXIDE HOUSE, 59E,CIIOWRINGIEE ROAD, KOLKATA. 700020 CI: Ul402WB1947PLC014919

Notes:

J. Revenue from operations is net of trade discowtts / trade incentives.

1. Segment Information

A. 11. A. II.			3 months ended 30 Sept. 2020 (Unaudited) Rs. Crores		3 months ended 30 June 2020 (Unaudited) Rs. Crores		3 months ended 30 Sept. 2019 (Unaudited) Rs. Crores		Year to date 30 Sept. 2020 (Unaudited) Rs. Crores		Year to date 30Scpt. 2019 (Unaudited) Rs. Crores		Year ended 31 March 2020 (Audited) Rs. Crores
	Segment Revenue a) Storge batteries & allied products b) Lif Insurance business c) Others Revenue from operations Segment Results: Profit/(Loss) before tax a) Storage batteries & allied products b) Life Insurance business c) Others Total Add:. Other Income Lss:. Finance cost Profit befre Exceptional Item and Tax Exceptional item Total Proft befre tax Segment Assets a) Storage batteries & allied products b) Life Insurance business c) OLhers d) Unallocated Total assets Segment Liabilities a) Storage batteries & allied products h) Life Insurance business c) Others d) Unallocated Total liabilities		2,838.69 1,167.91 4.79		1,598.87 925.23 2.01		2,695.86 1,075.30 7.35		4,437.56 2,093.14 6.80		5,533.28 1,893.34 16.07		IO, 162.25 4,287.56 21.20
			4,011.39		2,526.11		3,778.51		6,537.50		**7,442.69 **		**14,471.01 **
			298. 75 24.75 (0.53)		43.01 (4435) (0.67)		283.14 5.06 (0.11)		341.76 (19.60) (120)		602.45 (60.31) (0.16)		971.81 (15.31) (8.47)
			322,97		(2.01)		288,09		320,96		541,98		948.03
			20.88 10.72		11.44 5.44		6.81 2.87		32.32 16.16		33.96 6.61		61.88 16.33
			333,13		3.99		292.03		337,12		569,33		993.58 (21.70|
			333.13		J.99		292.03		337.12		569.33		971,88
			6,378.36 16,812.15 32.24 3,322.58		5,951.73 16,278.51 32.20 3,003.06		6,184.84 14,894.49 42.59 2,680.69		6,378.36 16,812.15 32.24 3,322.58		6,184.84 14,894.49 42.59 2,680.69		6,565.52 15,563.28 14.86 2,223.93
			26,545.33		25,265.50		23,802.61		26,545,33		23,802.61		24,367.59
			2,745.49 16,703.96 18.55 216.48		2,294.84 16,084.96 17.89 192.54		2,171.10 14,854.20 17.62 211.35		2,745.49 16,703.96 18.55 216.48		2,171.10 14,854.20 17.62 211.35		2,120.50 15,537.28 16.45 179.10
			19,684.48		18,590.23		17,254.27		19,684.48		17,254.27		I 7,853.33

1. Previous period / year figures have been regrouped and/or re-arranged, wherever necessruy.

2. TI1e Group has assessed the impact ofCOVID-19 on the operations as well as the financial results of Exide Lifo Insurance Company Limited (ELI), a subsidiary, including but not limited to the areas of valuation of investment assets, valuation of policy liabilities and solvency, for the quarter ended September 30, 2020, based on inputs currently available with ELI. The extent to which COVID-19 pandemic will affect ELi's pcrfonnance particularly in the areas of revenue, claims, carrying value of investments, solvency margin etc. will depend on future developments, which arc presently uncertain. The Group will continue to monitor any future changes to the business and financial results of ELI due to COVID-19.

5. Apart from the management's assessment pertaining to ELI as stated in note 4 above, the Group bas also considered the possible risk that may result from the pandemic relating to COVID· 19 for the remaining components of the Group and expects to recover the carrying amount of all its assets including inventories, receivables, invesanents and other financial and non­ financial assets in tl1e ordinruy course of business based on tl1e internal and external infomiation available upto the date of approval of these consolidated financial results. The Group is continuously monitoring any material changes in economic conditions.

1. The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November I 0, 2020. The Limited Review of these results, as required under Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed by the Statutory Auditors of the Parent Company.

CZOMd

Kolkata November IO, 2020.

Gautam Chatterjee Managing Director & Chief Executive Officer DIN : 00012306

JP;ress Release

EXIDE R1EPORTS 9% GROWTH 11N lPROFilT BEFORE TAX 1FOR "fHE SECOND QUARTER OF 20'20 .:21.

Kolka t a, November lO, 2020: Exide lndustries Limited, on Tuesday reported Net Turnover for the quarter ended September JO, 2020, of Rs. 2753.JB crores as compared to Rs. 2610.86 crores during the gua1ter ended September 30, 20t9. a growth of 5.5%. Profit Before Tax was Rs. 305.n ,crores for the quarter ended September 30,, 2020 as compared to Rs. 281.18 crores during corresponding quarter of previous year. an increase of 8.5%.

Mr G Chatterjee, MD&CEO, :said that there was improvement in demand for replaceme111.t sales of automotive and UiPS batteries during the second quarter. Demand of OEM and other imtitutional cu:stomer:s also :started showing some positive traction towards the latter part of the quarter. Operations at :sorn1e manufactuiring plants were i111termittent}y disruipted due to the pandemic • affecting s,i11pplies.

Company is focussing on Cost Control. Technology u;pgradation and Cash flow management as strateg,ie:s to improve profitability and liquidity.

G CHATTERJEE Managing Director & Chief Exec:utive Officer Exide lndustr:ies Limite�

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone : (033) 2302-3400, Fax: (033) 2283-2642/37 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com GIN: L31402WB1947PLC014919