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Jul 15, 2013, 06.17 PM IST | Source: Moneycontrol.com

Exide Q1 net up 4.6% to Rs 159cr, OPM beats street

Exide Industries' bottomline was in-line with expectations, but operating performance came in higher-than-expectations. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased higher-than-expected 12.35 percent Y-o-Y to Rs 261 crore and operating profit margin (OPM) jumped 120 basis points Y-o-Y to 16.1 percent.

Exide Industries ' first quarter (April-June) net profit rose by 4.6 percent year-on-year to Rs 159 crore, which was in-line with forecast.

Revenues grew lower-than-expected 4.76 percent to Rs 1,627.5 crore in June quarter from Rs 1,553.6 crore reported in a year ago period.

Analysts on an average had expected the company to report net profit at Rs 160 crore on revenues of Rs 1,674 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased higher-than-expected 12.35 percent Y-o-Y to Rs 261 crore and operating profit margin (OPM) jumped 120 basis points Y-o-Y to 16.1 percent.

Analysts were expecting EBITDA at Rs 245 crore and OPM at 15 percent for the June quarter.

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