Market for cars has been expanding and will continue to expand in coming time, says RC Bhargava, Chairman of Maruti Suzuki.
Kshitij Jain, MD & CEO, Exide Life Insurance is hopeful that the much awaited Insurance Bill will see the light of the day in this session of Parliament.
Exide Industries reported a 5 percent year-on-year rise in first quarter net profit at Rs 159 crore. Revenue was also up 5 percent at Rs 1,628 crore.
Battery supplier Exide Industries has agreed to increase its stake in the insurance joint venture, ING Vysya to 100 percent.
Exide disappointed the market with its quarterly numbers, falling short on revenue as well as net profit expectations.
In an interview to CNBC-TV18, Suresh Kalyan, CFO, Amara Raja Batteries spoke about the performance of the company in the second quarter. The company reported a net profit of 70.1 crore as compared to 52 crore (YoY) grabbing market share from Exide in Original Equipment Manufacturer (OEM) & Aftermarket.
AK Mukherjee, director-finance of Exide Industries says, the company expects operating margins to be in the range of 16-18% over a period of time.
With not so promising results in Q4, Exide Industries have registered a 170 bps jump in PBIT margins in comparison to the last quarter.
Explaining the quarter to CNBC-TV18, TV Ramanathan, MD and CEO of the company said, there was been a significant increase in input costs.
Paban Kataky, executive director- automotive, tells CNBC-TV18 in an interview that a combination of original equipment manufacturers (OEMs) and a dwindling replacement market hit their earnings this season.
Paban Kataky, ED (Automotive) of Exide Industries, in an interview with CNBC-TV18’s Udayan Mukherjee, feels that the automobile sector has been going through a difficult time due to the subsequent increase in the interest rate.
Exide Industries reported Q4 net profit of 164 crore, up by 22% versus Rs 134 crore, year-on-year. The company’s net sales were up 19% at Rs 1,226 crore versus Rs 1,028 crore, year-on-year. Exide Industries’s director of finance and CFO AK Mukherjee shares details about the company’s Q4 performance.