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Exide Industries Q2 consolidated net dips 24% at Rs 194 crore

On a standalone basis, the company posted a net profit after tax of Rs 234.36 crore as compared with Rs 228.77 crore in the corresponding period of previous fiscal.

October 29, 2021 / 06:26 PM IST
 
 
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Exide Industries on Friday said its consolidated net profit declined by 24 per cent to Rs 194.24 crore for the second quarter ended September.

The battery maker had reported a net profit after tax of Rs 256.62 crore in the corresponding quarter of the preceding fiscal.

Revenue from operations, however, rose to Rs 4,758.22 crore in the second quarter as against Rs 4,011.39 crore in the year-ago period, Exide Industries said in a regulatory filing.

On a standalone basis, the company posted a net profit after tax of Rs 234.36 crore as compared with Rs 228.77 crore in the corresponding period of previous fiscal.