Upcoming Webinar:Join us for Sustainability 100+ Dialogues 2021-Maharashtra Roundtable& know how the state is progressing on climate action

Exide Industries Q2 net down 17% at Rs 118cr

The company had posted a consolidated net profit of Rs 141.94 crore in the same period last fiscal, Exide Industries said in a regulatory filing.

February 04, 2020 / 04:04 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Battery maker Exide Industries Ltd on Tuesday reported a 16.76 per cent decline in consolidated net profit at Rs 118.15 crore for the third quarter ended December 31, 2019.

The company had posted a consolidated net profit of Rs 141.94 crore in the same period last fiscal, Exide Industries said in a regulatory filing.

Revenue from operations during the period under review stood at Rs 3,553.64 crore, as compared to Rs 3,283.4 crore in the year-ago quarter, it added.

Commenting on the performance, Exide Industries MD & CEO G Chatterjee said while original equipment manufacturer (OEM) demand for automotive batteries remain subdued, growth in sales of automotive and UPS batteries continue.

"Exports also did well. Demand for telecom and other infrastructure batteries were under pressure during the third quarter," he added.

Close
The company continues to focus on cost control and technology upgradation, as strategies to improve the bottom-line, Chatterjee further said.
PTI
first published: Feb 4, 2020 03:55 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark