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Unicon Investment has come out with its earning estimates on Auto & Ancillaries sector for the quarter ended September 2011. According to the research firm, Exide Industries September quarter net sales are expected to go up by 18.7% at Rs 1337.6 crore, year-on-year, (YoY) basis.
The earnings' season so far has brought crucial results on display at the street, few lifting spirits and few dampening mood at the market. Jigar Shah, senios vice president and head of research at Kimeng Sec India analyses two stocks post the first quarter results.
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.
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended June 2011. According to the research firm, Exide Industries June quarter sales are expected to go up by 16% at Rs 1336crore, year-on-year, (YoY) basis.
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.
Country's biggest storage battery producing company Exide Industries is set to report fourth quarter profit after tax of Rs 132 crore, growth of 1.9% as compared to Rs 134.5 crore in same quarter the previous year and 6.5% growth compared to Rs 124.4 crore in December quarter 2010, according to CNBC-TV18 poll.
Prabhudas Lilladher has come out with its earning estimates on auto ancillary sector for the quarter ended March 2011. According to the research firm, Exide Industries March quarter net sales are expected to go up by 10.9% at Rs 1142.8 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended March 2011. According to the research firm, Exide Industries March quarter net sales are expected to go up by 27.2% at Rs 1160 crore, year-on-year, (YoY) basis.
Rajesh Jain, Independent Market Strategist
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Exide Industries December quarter sales are expected to go up by 27.2% to Rs 1160 crore, Year-on-Year, (Y-o-Y) basis.
Prabhudas Lilladher has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Exide Industries December quarter sales are expected to go up by 38.3% to Rs 1262.5 crore, Year-on-Year, (Y-o-Y) basis.