Comments
Exide Industries Ltd posted 15 per cent rise in consolidated net profit at ₹247 crore for the quarter ended September 30, compared with ₹214 crore during the same period last year.
Consolidated revenue from operations grew 4 per cent during the quarter under review to ₹3,779 crore (₹3,633 crore).
According to G Chatterjee, MD & CEO, Exide, while the demand of automotive batteries for OEMs remains under pressure, growth in replacement sales of automotive batteries, UPS, solar as well as other infrastructure segments, excluding telecom, continued during the second quarter.
The company is focusing on cost control and technology upgradation to improve the bottomline, said a company statement.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.