The Calcutta Stock Exchange Limited	BSE Limited
7 Lyons Range	PhirozeJeejeebhoy Towers
Kolkata - 700 001	Dalal Street, Mumbai - 400 001
CSE Scrip Code: 15060 & 10015060	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

8 SR & Co. LLP

Chartered Accountants

Unit No. 603, 6 th Floor, Tower 1 Plot No. 6, Block - DP, Godrej Waterside, Sector V, Salt Lake, Kolkata - 700091

Telephone: +91 33 4035 4200 Fax: +91 33 4035 4295

Limited review report on unaudited quarterly standalone financial results and standalone year-todate 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 standalone financial results of Exide Industries Limited ("the Company") for the quarter ended 30 September 2021 and year to date results for the period from 01 April 2021 to 30 September 2021 ("the Statement").
1. 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.
1. 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 of India. 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.
1. 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 an.d other recognised accounting practices and policies 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.

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

JAY ANT A Digitally signed by JAYANTA MUKHOPADHYAY

MU KHOPADHY AY Date: 2021.10.2914:46:19 +05'30'

Jayanta Mukhopadhyay Partner Membership No.055757 UDIN:21055757AAAAEE2320

Place: Kolkata Date: 29 October 2021

BSA & Co. (a partnership firm with Registration No. BA61223) converted into B SR & Co. LLP {a Limited Liability Partnership with LLP Registration No, AAB-8181) with effect from October 14, 2013 Principal Office:

14th Floor. Central B Wing and North C Wlng, Nesco !T Park 4, Nesco Center. Western Express Highway. Goregaon {East}, Mumbai - 400063

EXJDE INDUSTRIES UMITED EXIDE BOUSE, 59E.CBOWRINGBEE ROAD KOLKA TA · 700020 CIN: L31402WB1947PLC0l4919

UNAUDITED STANDALONE FINANCIAL RESULTSFOR TUEQUARTER AND	SIX MONTHS E	ND	ED30SEPTEM	BE	R 2021
Particulars	3 Mhsont		3 Mhsont		3 Months		Yetoar		Yetoar		Year
	ended		ended		ended		date		date		ended
	30Sept.2021		30n.2021Ju		30Scpt.2020		30Sept.2021		30Sept.2020		31Mar.2021
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Audited)
	Rs. Crores		Rs. Crores		Rs. Crores		. CRsrores		Rs. Crores		Rs. Crores
inc1.ome
a. Rfroratievenuemopeons	3,290.00		2,486.40		2,753.38		5,776.40		4,301.00		10,040.84
b. Other income	10.92		15.15		14.77		26.07		21.81		65.44
Totalincome	3,300.92		2,501.55		2,768.15		5,802.47		4,322.81		10,106.28
2.Expenses
a. Cofialsostterdmaconsume	2.534.35		1,524.26		1,782.60		4,058.61		2,254.69		6,527.61
b. Phasofckin tradstourcese	1.64		3.69		0.67		5.33		2.34		7.46
c. (Incse)/ de inintoriesof finishedreaecreasven
ds,orkinandstockin tradgoowprogresse	(324.49)		176.19		5.85		(148.30)		596.29		44.44
benefitd. Eloympees expense	212.48		183.07		190.81		395.55		330.41		721.52
e. Finastsnceco	8.57		10.92		6.28		19.49		7.69		23.77
f Deciatiandisationortepronamexpenses	IOl.16		100.88		95.33		202.04		186.69		379.35
Othg.erexpenses	452.67		338.59		381.44		791.26		516.80		1,384.23
Totalexpenses	2,986.38		2,337.60		2,462.98		5,323.98		3,954.91		9,088.38
3.Profit befota.xre	314.54		163.95		305.17		478.49		367.90		1,017.90
4Ta- Centx expensesurr	85.68		34.62		85.29		120.30		112.07		285.78
• Defedrre	(5.50)		3.91		(8.89)		(1.59)		(16.89)		(26.16)
-Tlota	80.18		38.53		76.40		118.71		95.18		259.62
5.Nerofit aftet pr tax	234.36		125.42		228.77		359.78		272.72		758.28
6.Otherrehiveincompenscome
i. Is thillbeclassifiedStaoffitlostemat wnottotementreproors	1.26		15.47		0.11		16.73		3.29		10.45
1 wii.lncelating toitethaillnotbeclassifiedStatementoffite taomx rmsre10pro	0.61		(3.54)		(0.15)		(293)		0.43
losors											(1.33)
Totalherrehiveinotcompenscome	1.87		11.93		(0.04)		13.80		3.72		9.12
7.Totalrehiveincompenscome	236.23		137.35		228.73		373.58		276.44		767.40
8.Paid uquityshaitalp erecap	85.00		85.00		85.00		85.00		85.00		85.00
( FlueRe. 1)aceva
Othity9.erequ											6,808.51
Eingsha( Basic &Diluted )10.arnerre	Rs. 2.75	#
s p			Rs. 1.48	#	Rs. 2.69	#	Rs. 4.23	#	Rs. 3.21	#	Rs. 8.92

Not annualised .

EXIDE INDUSTRIES LIMITED EXIDE HOUSE, 59E.CHOWR!NGREE ROAD. KOLKA TA. 700020 ClN: L31402WBl947PLC014919

STANUALONE STATEMENT OF ASSETS ANU LlABlLITIES

Particulars	As at	As at
	30 Sept.2021	31 March.2021
	(Unaudited)	(Audited)
	Rs. Crores	Rs. Crores
A. ASSETS
1. Non-current assets
a. Property, plant and equipment
b. Capital work-in-progress	2,587.62	2,601.79
c. Investment property	307.88	200.75
d. Intangible assets	33.41	33.77
e. Financial assets	36.23	36.06
i. Investments
ii. Trade receivables	2,241.38	2,176.09
	0.08	0.08
iii. Loans	0.01	0.01
iv. Other financial assets	22.17	23.63
f. Current tax assets (net)	55.66	51.05
g. Other non-current assets	83.24	110.65
Total - Non-current assets	5,367.68	5,233.88
2. Current assets
a. Inventories	2,678.86	2,346.19
b. Financial assets
i. Investments	877.00	882.54
ii. Trade receivables	959.60	887.37
iii. Cash and cash equivalents	69.63	82.54
iv. Bank balances other than (iii) above	7.58	8.81
v. Loans	0.01	0.02
vi. Other financial assets	47.33	53.13
c. Other current assets	152.16	134.29
Total - Current assetsTOTAL - ASSETS	4,792.17	4,394.89
	10,159.85	9,628.77
B. EQUITY AND LIABILITIES
1. Equity
Equity share capital	85.00	85.00
Other equity	7,182.09	6,808.51
Total - Equity	7,267,09	6,893.51
2. Non-current liabilities
a. Financial liabilities
i. Lease liabilities	275.97	279.29
ii. Trade payables
Total outstanding dues of micro and small enterprises
Total outstanding dues of creditors other than micro and small
enterprises	7.24	6.64
iii. Other financial liabilities	3.96	3.75
b. Provisions	62.10	53.68
c. Deferred tax liabilities (net)	78.48	77.05
Total - Non-current liabilities	427.75	420.41
3. Current liabilities
a. Financial liabilities
i. Lease liabilities	6.34	6.23

ii. Trade payables
Total outstanding dues of micro and small enterprises	189.88
Total outstanding dues of creditors other than micro and small
enterprises
iii. Other financial liabilities	1,576.07234.92
b. Other current liabilities	193.26
c. Provisions	264.54
Total - Current liabilities	2,465.01	132.651,508.96221.35174.93270.732,314.85

EXIDE INDIJSTRLES LIMITED

EXIDE HOUSE. 59E.CHOWRINGREE ROAD. KOLKA TA - 700020 CIN: L31402W81947PLC014919

STANDALONE STATEMENT OF CASH FWW

	ticuParlars	Yeo dar tate	Yeo dar tate
		30Sept.2021	30Scpt.2020
		(Unaudited)	(Unaudited)
		CrRs.ores	. CRsrores
(A)	CASHFLOWFROMOPERATINGACTIVITIES
	:Net Profit Before Tax
	Adjusfortment:	478.49	367.90
	Deciationd artisatiopreanmon	202.04
	Profitland equild/dist anded(net)onpropeny, pentpmsocar		186.69
	Dividendincome	(0.23).03	.00
	Reincntome	(12)(1.42)	(10)
	Finostance cs	19.49	(1.47)7.69
	Intst ierencome	(0.76)
	Provisionfortededit lorittbackexpeccrss wen	(4.00)	(0.98)
	Optinrofit beforkipital chanerag prewongcages	681.58	549.83
	(ln) indeeivabltracreasereces	(68.23)	(29.15)
	(ln)/Oe ininiestorcreaseecreasven	(332.67)	500.75
	Onlo) inherfiniald othe, otcreaseansetstsancassanr asse	(5.14)	(0.06)
	Incin other ficiaJ liabilitiesherliabilities, otd pisioreasenananrovns	158.66	366.03
	Cashtedfrotiogeneramoperans	434.20	1,387.40
	Dirpaid (ofrefecttaxundndintet thon)netess aresere	(124.82)	(80.0l)
	Net Cashfrotinctivitiemoperag as	309.38	1,307.39
(B)	CASHFLOWFROMINVESTTNG ACTTVITIES:
	Purchandctiof p, plstruertyd equi( includise aconn oantentropanpmng	(272.30)	(94.56)
	intiblts)ange asse
	Prodsfrosalf pr, plrtyd equiceemantente oopeanpm	1.18	0.02
	Acquisitiofinvestnttyonmeproper		(0.25)
	invinsubsidiariesestntsme	(53.00)	(73.17)
	Acquisitiofinvin shares/uniestnttsonme	(1.16)	(1.88)
	Redemptiofinvin shares /itsestntonmeun	5.96	1.25
	chaPurofinvf ma1fund uestnt outunitsemes	(720.00)	(1.780.00)
	Salf inofl fundunitmenttuatse ovesmu	725.00	518.71
	Jntivedst rereece	0.76	0.98
	Reeivedntrec	1.42	1.47
	Dividendeivedrec	12.55	7.29
	Net Cashedininvingtivitieestusacs	(299.59)	(1,420.14)
(C)	CASR FLOWFROMFINANCINGACTIVITIES:
	Payards leliabilint ttymeowase	(15.52)	(7.81)
	Intaidst pere	17.18)	/0.82)
	Net Cashedinfiningtivitieusancacs	{22.70)	{8.63)
	Net de inshandshivalents (A+B-+C)ecreascacaequ	(12.91)	(121.38)
	Cashandshivalennints -g balacaequopence	82.54	144.87
	Cashandshivalenclosio2 bts-alacaeounce	69.63	23.49

Notes:

The Company's operating segments have been aggregated as a single operating segment of •storage Batteries and Allied Product•. Hence, no separate segment infonnation is disclosed.

Revenue from Operations is net of trade discounts / trade incentive,.

The Board of Directors of the Company in their meeting held on September 3, 202 l, and the members of the Company, in the Extraordinary General Meeting held on September 29, 2021 , have approved divestment of entire equity shareholding held by the Company in Ex.ide Life Insurance Company Limited (ELJC), a material wholly--owned subsidiary of the Company, in favour of HDFC Life Insurance Company Limited (HLIC). for an aggregate consideration of lNR 6,687 Crores (lndian Rupees Six Thousand Six Hundred and Eighty-Seven Crorcs). subject to necessary approvals from relevant regulatory/governmental authorities.

The Board of Directors of HLIC, in its meeting held on September 3, 2021, and the members of the HLIC, in the Extraordinary General Meeting held on September 29, 2021 , ha~·e accorded their approval for acquisition of entire equity shareholding ofELIC, subject to requisite regulatory approvals.

Pending such regulatory approvals and completion of the sa.Je transaction, the Company has not considered any impact of the proposed saJe of its shareholding in ELIC in the accompanying unaudited financial results.

The Company has considered the possible risk that may result from the pandemic relating to COVlD• 19and ex.pectS to recover the carrying amount of all its assets including inventories, receivables, investments and other financial and non-financial assets in the ordinary course of business based on the internal and external infonnation available upto the date of approva1 of these financial results. The Company is continuously monitoring any material changes in economic conditions
The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 29, 2021. 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.

Kolkata October 29, 2021

J By Order of the Board ~

Managing Direct.or & Chief Executi DrN : 00130864

8 SR & Co. LLP

Chartered Accountants

Unit No. 603, 6th Floor, Tower 1 Plot No. 6, Block - DP, Godrej Waterside, Sector V, Salt Lake, Kolkata - 700091

Telephone: +91 33 4035 4200 Fax: +91 33 4035 4295

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 loss after tax and total comprehensive loss of its associates for the quarter ended 30 September 2021 and year to date results for the period from 01April 2021 to 30 September 2021 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Listing Regulations.
1. 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.
1. 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 IndependentAuditorof the Entity", issued by the Institute of Chartered Accountants of India. 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.

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
f. Chloride Batteries S.E. Asia Pte Limited and its wholly owned subsidiary [Exide Batteries (Pvt) Limited]
g. Espex Batteries Limited
h. Associated Battery Manufacturers (Ceylon) Limited

Principal Office:

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway. Goregaon (East), Mumbai - 400063

Associates:

a. CSE Solar Sunpark Maharashtra Private Limited
b. CSE Solar Sunpark Tamilnadu Private Limited
c. Greenyana Solar Private Limited
1. 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 6 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 in 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.
1. We did not review the interim financial information of one subsidiary included in the Statement, whose interim fmancial information reflect total assets of Rs. 20,886.95 crores (before consolidation adjustments) as at 30 September 2021, total revenues of Rs. 1,369.21 crores and Rs. 2,346.62 crores (before consolidation adjustments), total net loss after tax of Rs. 38.10 crores and Rs. 129.53 crores (before consolidation adjustments) and total comprehensive income/(loss) of Rs. 95.05 crores and Rs. (24.55) crores (before consolidation adjustments) for the quarter ended 30 September 2021 and for the period from 01April 2021 to 30 September 2021 respectively, and net cash outflows of Rs. 95.57 crores for the period from O 1 April 2021 to 30 September 2021, 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.

The Statement includes the interim financial information of seven subsidiaries which have not been reviewed, whose interim financial information reflect total assets of Rs. 1,568.14 crores (before consolidation adjustments) as at 30 September 2021, total revenues of Rs. 968.13 crores and Rs. 1,490.59 crores (before consolidation adjustments), total net profit/(loss) after tax of Rs. 1.12 crores and Rs. (1.3 8) crores (before consolidation adjustments) and total comprehensive income/(loss) of Rs. 1.19 crores and Rs. (1.30) crores (before consolidation adjustments) for the quarter ended 30 September 2021 and for the period from 01April 2021 to 30 September 2021 respectively, and net cash inflows ofRs. 7.17 crores for the period from 01April2021 to 30 September 2021, as considered in the Statement. The Statement also includes the Group's share of net loss after tax of Rs. 0.64 crore and Rs. 0.37 crore and total comprehensive loss of Rs. 0.64 crore and Rs. 0.37 crore for the quarter ended 30 September 2021 and for the period from 01April 2021 to 30 September 2021 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 fmancial information are not material to the Group.

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

B SR & Co. LLP

The auditors of ELI, have reported that the actuarial valuation ofliabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 30 September 2021 (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 Appointed Actuary'). The actuarial valuation of these liabilities and assets 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.

Other adjustments for the purpose of preparation of the interim financial information of ELI, as confirmed by the Appointed Actuary, in the Life Insurance business are in accordance with Indian Accounting Standard 104 Insurance Contracts: i) Assessment of contractual liabilities based on classification of contracts into insurance contracts and investment contracts and ii) Grossing up and classification of the Reinsurance Assets.

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

ForB SR& Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022

JAYANTA Digitally signed by JAYANTA MUKHOPADHYAY MUKHOPADHYAY Date:2021.10.2914:47:41 +05'30'

Jayanta Mukhopadhyay Partner Membership No: 055757 UDIN:21055757AAAAEF3030

Place: Kolkata Date: 29 October 2021

•;:JUDE INDUSTRIES LIMITED EXIDE HOUSE. 59E.CHOWRINGREE ROAD. KOLKATA - 700020

CIN: L31402WBl947PLC0l4919

UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2021

	Partilarcus	3 Mthson		3 Mthson		3 Mthson		Year to		Yetoar		Year
		deden		ended		ended		date		date		ended
		30Sept.2021		30Jun.2021		30Se2020pt.		30Se2021pt.		30Se2020pt.		131Mar.2021
		dit(Ued)nau		(Udited)nau		(Udited)nau		(Udited)nau		(Udited)nau		(Audited)
		Rs. Crores		Rs. Crores		Rs.Crores		Rs. Crores		Rs. Crores		Rs. Crores

t.	Income

	Ree ftioa.venuromoperans	4,758.22		3,542.63		4,011.39		8,300.85		6,537.50		15,296.89
	b.Other income	14.28		16.67		20.88		30.95		32.32		70.45
	Totalincome	4,772.50		3,559.30		4,032.27		8,331.80		6,569.82		15,367.34
	Ex
2.	penses
	Cof mrials cedst oatea.onsum	2,592.47		1,553.50		1,814.82		4,145.97		2,323.65		45.506,6
	b.rchf SPuk iradtocn tases oe	13 .21		8.51		16.26		21.72		25.04		41.77
	(In) /decininvorioffinishedentc .creasereasees
	odorkind sk iradtocn tgos, wprogressane	(374.23)		166.46		(7.33)		(207.77)		571.48		0. 13
	d .Emplobenefitsyeeexpense	309.51		282.78		294.80		592.29		525.75		1, 122.49
	Fintse.ancecos	43.84		39.16		32.44		83.00		67.82		142. 19
	f Deciatid artisatiepronanmoonexpenses	116.66		116.08		108.92		232.74		213 .70		433.65
	Che inluatiofliabilityoflife iliciesinfog.angvan onsuranceporce	662.01		474 .80		559.29		l ,136.81		1,096.75		2,346.75
	h.Other expenses	1,130.15		849.30		880.30		1,979.45		1,408.79		3,559.83
	Totalexpenses	4,493.62		3,490.59		3,699.50		7,984.21		6,232.98		14,292.31
	Profit befoshofofilosf EA
	t/(s) oityteddInste3_reareprquccounveesanTax	278.88		68.71		332.77		347.59		336.84		1,075.03

	ShofProfit /(Loofss)Equity AtedIns (Nef tax)teet oareccounves	(0.64)		0.27		0.36		(0.37)		0.28		(0.64)
4.	Profit befota.:sre:
		278.24		68.98		333.13		347.22		337.12		1,074.39
5.	Ta- Centx expensesurr	88.96		35. 14		85.85		124.10		112.67		291.24
	Defedrre-	(4.96)		2.03		(9.34)		(2.93)		(18.61)		(19.95)
	-Total	84.00		37.17		76.51		121.17		94.06		271.29
6.	Nerofit afte
	t pr tax	194.24		31.81		256.62		226.05		243.06		803.10
7.	Othee inehsivr c.omprencome

	i. Is thwill nbelassifiedtematStaoffitlosottotementrecproors	72.32		61.55		10.57		133.87		66.58		167.65
	wiUt bi.i.Increlatiitetheclified to Sofe ttoatome rtatentaxngmsnoassem											(1.38)
	fitlosproors	0.58		(3 .54)		(0.17)		(2 .96)		0.43
	iji_Itethwill beclifierofit oatd tr lomse rassss
	o p	61.14		(73. 18)		(81.44)		(12.04)		36.52		4.86
	Totalotheehsive ir comprenncome	134.04		(15.17)		(71.04)		118.87		103.53		171.13
8.	TotalCehsive Iomenncome
	pr	328.28		16.64		185.58		344.92		346.59		974.23
9.	Paidityshpitalupequareca	85.00		85.00		85.00		85.00		85.00		85.00
	( FlueRe. I)aceva
10.	Otheityr e
	qu											7,187.27
11.	c &Eamisha( BasiDiluted)nes oerre	Rs. 2.31	#	Re. 0.39	#	Rs. 3.03	#	Rs. 2.70	#	Rs. 2.90	#	Rs. 9.53
	Noalisedt amm
A.	Profit foheiodtribur tattableto:
	r/pyeae.rOwf the C
	ners oompanyNollin	196.49		32.88		257.26		229.37		246.58		809.90
	g itrontetsn-conres	(2.25)		(1.07)		(0.64)		(3 .32)		(3.52)		(6.80)
B.	Otheehensiince for ther/periodtributableatto:r comprveomyea
	Owf the Cners oompany	134.04		(15.17)		(71.04)		118.87		103.53
	Nolling introterestn-cons											171.13
										-
C.	Tota.Irehiveine fthear/iodtriatbutableto:compenscomoryeper
	Owf the Cners oompany	330.53		17.71		186.22		348.24		350.11		981.03
	NolinR iootrolntetsn-cres	(2.25)		(1.07)		(0.64)		(3 .32)		(3 .52)		(6.80)

EXIDE INDUSTRIES UMJTED

EXIDE HOUSE. 59E,CHOWRINGHEE ROAD. KOLKATA · 700020 CIN: L31402WB1947PLC0l4919

CONSOUDA TED STATEMENT OF ASSETS AND LIABIL!TlES

	Particulars	As	at	As	at
		30Sept.20	21	31March.20	21
		(Udit
		nauRs. C	ed)	(Audite	d)
	A.ASSETS	ror	cs	Rs.Cror	es

	l.Not atsn-currensse
	Pro, pld eipma.peantnyentanqu	2,982.66		2,970	.19
	b.Capitalrk-inwo-progress	476.4	5	379	.47
	Goodwillc.	581.9	0
	d.Other ingibletanetsass	45.34		581.9	0
	lntiblnddeve.ts ueloange asseerentpm			46	.66
	f. Reintsurance asse	56.96		51	.48
	Finialg.setancass	350.04		271.2	0
	i. Iestntsnvme
	InbnincntLifeInsbusinves-
	uranceessOther IJlvcstmems-	18,151.84		17,200.5	9
	ii,Tradivable	112.73		100.82
	e recesLoiii.	0.0	8	0.0	8
	ans	543. 73		501.9	7
	iv.Other ficial atsnansse	44.13		50.83
	h.Cunttaxs (net)rresetas	59.52		54.97
	i. Defed trre(net)etsaxass	9,93		9.9	4
	j. Othentetsr non-curreass	191.06		211.0	8
	Total- Nntet!on-curreass	23,606.37		22,431.1	8
	2.Cuntetsrreass
	Invtoriesa.en	3, 101.55
	b.Finialsetancass			2,636.86
	i. Iestntsnvme
	Intminlife ientbusinvesnsurance-ess
	Other inntsvesnne-	773.36		602.20
	ii.Tradivablee reces	893.44		903.0	4
	iii.Cashandshivalentsca	1,256.63		1,076.20
	equiv.Bankbalanherthot	239.40		342.43
	(iii) abocesanveLo	9.96		11.14
	v.ansvi.Othe	34,93		31.84
	r ficial atsnansse	471.45		439.2	5
	Otheentc.r cseturrass	257.12		212.97
	Total- Ctst aurrensse	7,037.84		6,255.93

	TOTAL-ASSETS	30,644.21		28,687.11

B.	EQUITYANDLIABILITIES
	I. Eityqu
	Equitharapitaly se c
	Otheruiteqy	85.00		85.00
	Nolling itron -conntetres	7,533.53		7.187,27
	TotalEityqu	44.88		46.22
	2.Not liabilitiesn-curren	7,663.41		7,318.49
	Finialliabilitiesa.anc
	i. Bingorrows
	ii.Leliabilitie	98.22		85.58
	asesiii.Trad	330.3 1		341. 19
	blee payas
	Totalandingtstduofmid sll Eouiseescronteanmarprs
	Totalandingtstduofdither thouotmid sescreorsllancroanma
	risenterpes	7.24		7.83
	iv.Other ficial liabilitinanes	8.85		8.61
	b.Provisions	77.99		63,96
	c. Itraliabilitiectnsurancecons	15,532.71		14,577.63
	d.Investntliabilitietractmecons	895.16		837.75
	e. Defed tliabilities(net)rreax	83.20		83.IO
	f. Othe1.iabilitiesr nonnt-curre
	i) Fd fdisd policies (linkunnteedandorcoun-linked)no	167.47		164.22
	ii)Fundfor friautution (linkedred n-linkedapprop)anon	401.44
	Total• Nliabilntitieon-curres	602.59		393.94
	3.CuLiantbilitierres	17,		16,563.81
	inaa. Fncialliabilities
	i. Bingorrows
	ii.Leliabilitieases	234.20		52.83
	iii.Tradeyablespa	28.48		29.1 I
	Totalandingdutstofmid sou
	ll eesnteisecroanmarprsTotalandtstduofou	381.72		287.46
	ingdither thotmid sescreorsllancroanmaentrises
	erpiv.Otherfincial li	2,151.46		2,086.21
	abilitiesanb.Othe	357.58		341.76
	liabilitieentr currsc. Pisio	242.60		224.99
	rovns	271.69		280.60
	d.Insliabilitieurancentractcos	1,610.90		1,361.08
	e. Iestct liabilitnttraiesnvmecon	96.89		139.67
	f. Cx liabenttailities(net)urr	2.69		1.10
	Total- Ct liabilitiesurren	5,378.21		4,804.81

	TOTAL -EQUITYANDLIABILITlES	30,644.2t		28,687.11

EXIDE INDUSTRIES LIMITED

EXIDE HOUSE, 59E.CHOWRINGHEE ROAD, KOLKA TA - 700020 CIN: L31402WBl947PLC0l4919

CONSOLJDA TED STATEMENT OF CASH FLOW

	Particulars	Yeo dar tate	Yedattoare
		30Sept2021	30Sept.2020
		(Udited)nau	(Udited)nau
		Rs. Crores	Rs. Crores
(A)	CASHFLOWFROMOPERATINGACTIVJTfES:
	Net Profit BefoTarex
	Adjusfotmentr:	347.22	337.12
	Deciationdisatioortpren aamn
	Nerofit oalet pofinvestn sntme	232.74	213. 70
	Profitplaandertntuipsoi<l <br="">onpropntdisdedy,me	(184.64)	(90.95)
	(net)eqcarInce finincluding diviomtmentdend andintromvesst	(0.22)	(0.15)
	ereFintsancecos	(616.73)	(545.46)
	Gainfair valuatioffinialononetsancass	28.34	(6.16
	Gainfair valuatiofinvinonestntsl funditsontuamemu	(126.91)	(211.94)
	unProvisionfoedditloectitten backr expcresswr		(0.84)
	Shof(profit)/lofuittedinaref taosseqstet occounve	(4.00)
	y aes,nexChe inluatiofliabilityainangst lifeliciesvan o	0.37	(0.28)
	agpoOptinrofit beforkipitalcherag prewocaan	1,136.81	1,096.75
	ngges(ln)/De inadeceivablescreasetrecreasre	812.98	814.11
	(In)/De inintoriescreaseecreasven	(176.43)	51.84
	(In) inlother ficial aandcreasetsheans, onanotssetsr asse	(464.69)	474.92
	Incinothfinialliabilitiereasether liabilitierancandisis, oesovons	(164. 73)	(33.63)
	prCashtedfrtiogeneraomoperans	295.83	442.52
	Diaid(noft tarefdsandinrecxeetth)s pterestunereon	302.967.0	1,749.76
	Net Cashfrtinctivitiesomoperag a	(120)175	(80.05)
(B)	CASHFLOWFROMINVESTINGACTIVITIES:	,96	1,669.71
	Purchd cslrionofaseuctplaandanonertntuippropnty,eqme	(327.01)	6.2
	(including iiblts)ntange asse		(171)
	Prodsfrosalf pplaceeertanduipme oropnty,eqntme	1.39	0.49
	Neeeds frt ple/(purch) of inrocomsatm(net)aseentves	(691.46)	(2,240.63
	Invince (includestntingdividendmendin)omterests a	589.64	)519.15
	Neinbant mentk dsitovemepos	(0.05)
	Net Cashedininvingesttivitieusacs	(427.49)	(1,897.20)
(C	) CASHFLOWFROMFINANClNGACTIVITIES :
	Prodsfrobowiceemrrongs	219.64	98.77
	Reofbowintpaymerrongs	(26.17)	(43.46)
	Pardsleliabilenttoityymwaase	(33.07)	(23.35)
	Intaidst pere	(12.26)	(4.91)
	Net Cashfrfiingtivitieomnancacs	148.14	27.05
	Net de inshandshts (A+B+ivalenecreascacaequq	(103.39)	(200.44)
	Cashandshivalenenibalancats -equopngce	342.43	331.47
	Cashandshivalenclosing balacats -equnce	239.04	131.03
	Effofchaectchateexnge ranges	0.36	2.52
	Cashd cashuivalents- Closin2Balaaneonce	239.40	133.55

EXJDE INDUSTRIES LlMITED

EXJDE HOUSE. 59E.CHOWRINGHEE ROAD. KOLKATA- 700020 CIN: LJ1402WB1947PLC014919

Notes :

I. Revenue from operations is net of trade discounts / trade incentives.

Segment Information

		3 mhsont		3 months			Yeendedar
		ended30	3 mhsendedont	ended30	Yedattoare	Yedattoare	31March
		Sept. 2021	30June 2021	Sept. 2020	30Se2021pt	30Se2020pt	2021
		(Udited)nau	(Udited)nau	(Udited)nau	(Udited)nau	(Udited)nau	(Audited)
		Rs. Crores	Rs. Crores	. CRsrores	. CRsrores	Rs. Crores	Rs. Crores
A.	SeentRgmevenue
	a)Stoe bries &alliedoduatteragctspr	3,383.36	2,561.70	2,838.69	45.06
	b)Life Ibusinnsuranceess	1,368.78	977.09	1,167.91	5,9	4,437.56	10,342.56
	c)Others	6.08	3.84		2,345.87	2,093.14	4,937.46
	Refrotiovenuemoperans	4,758.22	3,542.63	4.79ll.	9.92	6.80	16.87
B.	SeResulfit/entts:Pro(Loss)beforgme tax			4,039	8,300.85	6,537.50	15,296.89
	a)Stoe batteri& allied productragess	316.69	158,91	298.75	475.60	341.7
	b)Life Ibusinnsuranceess	(39.49)	(90.96)	24.75	(130.45)	6.60	970.86
	c)Others	(0.09)	(0.45)	(0.53)	(0.54)	(19)(1.20)	76.09
	Total	277.ll	67.50	322.97	344.61	320.96	(2.53)
	Add:.						1,044.42
	Oth[ncerome	14.28	16.67	20.88	30.95	32.32
	Less:						70.45
	Finostance c	13.15	15 .19	l0.72	28.34	16.16	40.48
	TotalProfit befotaxre	278.24	68.98	333.13	347.22	337.12	1,074.39
A.	SegAsntsetmes
	a)Stos &e briealliedoduatteragcts
	prLife inb)e busisurancness	7,970.56	7,236.83	6,378.36	7,970.56	6,378.36	7,290.21
	c)Others	19,567.63	18,895.08	16,812.15	19,567.63	16,812.15	18,244.66
	d)Unalloedcat	21.99	24.10	32.24	21.99	32.24	27.53
	Totalsetass	3,084.03	2,852.42	3,322.58	3,084.03	3,322.58	3, 124.71
B.	SegntLiabilitiemes	30,644.21	29,008.43	26,545.33	30,644.21	26,545.33	28,687.11
	a)Stoe bs &rieallierodatteuct
	d pragsb)Life ine busi	3,118.70	2,656.43	2,745.49	3,118.70	2,745.49	3,009.08
	surancnessc)Oth	19,430.07	18,780.75	16,703.%	19,430.07	16,703.%	18,121.44
	ersUnallted	13.72	12.64	18.55	13.72	18.55	15.49
	d)ocaTo	418.31	223.48	216.48	418.31	216.48	222.61
	talliabilities	22,980.80	21,673.30	19,684.48	22,980.80	19,684.48	21,368.62

1l1e Board of Directors of the Holding Company in their meeting held on September 3, 2021 , and the members of the Holding Company, in the Extraordinary General Meeting held on September 29, 2021 , have approved divestment of entire equity shareholding held by the Holding Company in Exide Life lnsurance Company Limited (ELIC), a material wholly-owned subsidiary of the Holding Company, in favour of HDFC Life Insurance Company Limited (HLIC), for an aggregate consideration of INR 6,687 Crores (Indian Rupees Six Thousand Six Hundred and Eighty-Seven Crores), subject to necessacy approvals from relevant regulatory/governmental authorities.

The Board of Directors of HLIC, in its meeting held on September 3, 2021, and the members of the HLIC, in the Extraordinary General Meeting held on September 29, 2021, have accorded their approval for acquisition of entire equity shareholding of ELIC, subject to requisite regulatory approvals.

Pending such regulatory approvals and completion of the sale transaction, the Holding Company has not considered any impact of the proposed sale of its shareholding in ELIC in the accompanying unaudited financial results.

1. The Group has assessed the impact ofCOVID-19 on the operations as well as tl1e financial results of Exide Life lnsurance Company Limited (ELIC), a subsidiary, including but not limited to the areas of valuation of investment assets, valuation of policy liabilities and solvency, for the quarter and period ended September 30, 2021, based on inputs currently available with ELIC. The extent to which COVID-19 pandemic will affect ELlC's performance particularly in the areas of revenue, claims, canying value of investments, solvency margin etc. will depend on future developments, which are presently uncertain. The Group will continue to monitor any future changes to the business and financial results of ELIC due to COVID-19.
5. Apart from the management's assessment pertaining to ELIC as stated in note 4 above, the Group has also considered the possible risk that may result from the pandemic relating to COVID- 19for the remaining components of the Group and expects to recover tl1e carrying amount of all its assets including inventories, receivables, investments and other financial and nonfinancial assets in the ordinary course of business based on the internal and external information 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 tlieir respective meetings held on October 29, 2021. 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 Parent Company.

Kolkata October 29, 202 I.

By order of the Board

Subir Chakrabony

Managing Director & ChiefExecuri e Officer DIN : 00130864

October 29, 2021

Press Release

Exide reports 20% year-on-year growth in top- line in second quarter of financial year 2021-22 Standalone financial performance highlights (Q2FY22 & H1FY22)

ic(RCPartul)arssrore	Q2FY22	Q2FY21	(YoY)	H1FY22	H1FY21	{YoY)
Rftievenueromoperaons	3,290.0	2,753.4	19.5%	5,776.4	4,301.0	34.3%
GPfitrossro	1,078.5	964.3	11.8%	1,860.8	1,447.7	28.5%
EBITDA	413.4	392.0	5.5%	674.0	540.5	24.7%
PBT	314.5	305.2	3.1%	478.5	367.9	30.1%
PAT	234.4	228.8	2.4%	359.8	272.7	31.9%
EPS(R)s.	25.7	29.6		4.23	3.21

Key Financial Highlights

Revenue from operation sgrew by 19.5% year-on-year during Q2FY22
However, sharp input cost inflation limited gross profit increase to 11.8% during the quarter
EBITDA and PBT grew by 5.5% and 3.1%, respectively in Q2FY22
The balance sheet remains strong with negligible debt and a comfortable liquidity position

Key Business Highlights

Replacement demand was strong for the automotive batteries (2-wheelers and 4 wheelers) with easing of the restrictions from June-21 onwards
We also strengthened relationship with large OEMs as Exide is a preferred partner by OEMs for their fuel-efficient and new-age vehicles
UPS battery sales in the Industrial SBU grew at a robust pace in the second quarter as well, driven by continuous rise in the makeshift home offices and data centres
Industrial sectors such as telecom and power are also showing good signs of demand recovery, though demand from other sectors is expected to increase as commercial activity increases in India

Other Key Developments

The company's shareholders approved the divestment of Exide's shareholding in Exide Life Insurance Company Limited (a material wholly owned subsidiary) to HDFC Life Insurance Company Limited. Key features are:
- o Total sale consideration is Rs.6,687 crore and will be paid in form of Rs .726 crore as cash consideration and issuance of 8, 70,22,222 equity shares of HDFC Life Insurance Company Limited at a price of Rs.685 per share
- o Completion of the transaction is subject to receiving all necessary approvals. However, it is estimated that the sale will be completed before 30th June 2022
- o The transaction is likely to enhance the value for the shareholders of the Company in the long run

Outlook

Maintain Exide's leadership position with the Auto OEMs and gain market share in the aftermarket segment, especially from the unorganised sector
Continue expansion of global footprint with the aim to double exports in medium-term
Benefit from the economic recovery expected in various industrial sectors.
Derive competitive advantage through leveraging our R&D capabilities.

Commenting on the Q2FY22 performance - Mr. Subir Chakraborty, MD & CEO, said

'The company has delivered strong growth with sales growing at 20% in the second quarter of the current financial year. Both the Automotive and the Industrial SB Us are seeing demand recovery compared to the same quarter previous year and to the previous quarter of the current year. However, gross profit increase was restricted due to unprecedented cost inflation of inputs.

Exide has taken multiple initiatives in the pastfew quarters which should drive sales and help improve performance. Currently, as an ongoing focus area, sales transformation and cost compression remain the core strategies to improve efficiencies within the company.

Further, as a responsible corporate, Exide is committed to drive positive change in the society and we are constantly taking steps in that direction. In the current challenging times, we have focused on ensuring the safety and well-being of our employees, customers and business partners. During the pandemic, we have initiated multiple COV/0-19 relief projects to provide requisite healthcare and nutrition to the weaker sections of the society'.

About Exide Industries Limited

For more than seven decades, Exide has been one of India's most reliable battery brands, enjoying unrivalled reputation and recall. Exide designs, manufactures, markets and sells the widest range of lead acid storage batteries in the world from 2.SAh to 20,600Ah capacity, to cover the broadest spectrum of applications. The batteries are manufactured for the automotive, power, telecom, infrastructure projects, computer industries, as well as the railways, mining and defence sectors. The company enjoys leadership position in India and its exports span 60 countries across six continents.

Exide has also forayed into Lithium-ion battery systems and energy solutions through its subsidiary Exide Leclanche Energy Private Limited (under the brand Nexcharge), together with the JV partner Leclanche SA, Switzerland. With its state-of-the-art R&D centre, the subsidiary aims to build lithium-ion battery modules/packs and provide energy storage systems for India's electric vehicle market and grid-based applications.

For more information on the Company, please log on to www.exideindustries.com

Disclaimer

In this document, we have disclosed 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company's operations include changes in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.

For any further queries/clarifications please contact us at:

Exide Industries Limited	Chhavi Agarwal
Exide House	Head -Investor Relations
59 E, Chowringhee Road	Exide Industries Limited
Kolkata -700 020	Email-id [email protected]
Phone - +91 33 23023400	Website -www.exideindustries.com
Email Id [email protected]
Website -www.exideindustries.com

AI assistant

Exide Industries Ltd. Interim / Quarterly Report 2021

60960_rns_2021-10-29_83c4659f-5343-4766-bf2c-f00964c8e20e.pdf

8 SR & Co. LLP

To Board of Directors of Exide Industries Limited

EXJDE INDUSTRIES UMITED EXIDE BOUSE, 59E.CBOWRINGBEE ROAD KOLKA TA · 700020 CIN: L31402WB1947PLC0l4919