Exide Ind Q4 PAT seen down 5% at Rs 135cr Y-o-Y

Exide Industries is to announce its fourth quarter results today. According to CNBC-TV18's estimates, the company's Q4FY13 revenue is seen up 14% at Rs 1650 crore versus Rs 1447.6 crore posted in the corresponding previous year.

Its EBITDA is seen down 2.3 percent at Rs 208 crore versus Rs 213 crore. OPM is seen at 12.6 percent versus 14.7 percent and the company's PAT is seen down 5 percent at Rs 135 crore versus Rs 142.5 crore, Y-o-Y. The expectation of 14% Y-o-Y revenue growth is driven largely by higher volume growth in the 4W replacement segment, continuous growth in 2W replacement segment and Exide's entry into branded invertors business. Margins are expected to improve by 130 bps q-o-q on 5 percent price increases taken in the replacement market. Lead prices are also lower 6 percent from recent peak and 3 percent below Q3 avg The company's other income is expected to come in higher due to dividend from subsidiaries.