Exide Posts Consolidated Profit Of Rs 32 Cr In Q1

Exide Industries on Friday posted a consolidated internet revenue of Rs 32 crore for the quarter ended June 30.

The firm had reported a consolidated internet lack of Rs 14 crore within the April-June interval of the earlier fiscal.

Revenue from operations stood at Rs 3,543 crore in the course of the quarter as towards Rs 2,526 crore in Q1 FY20, Exide Industries mentioned in a regulatory submitting.

On a standalone foundation, the corporate posted a internet revenue of Rs 125 crore as in comparison with Rs 44 crore within the April-June quarter of final fiscal.

Exide Industries MD and CEO Subir Chakraborty mentioned regardless of the COVID-related enterprise disruptions throughout main a part of the quarter, the corporate achieved a powerful progress in each automotive and industrial divisions.

‘While substitute quantity for each automotive and UPS batteries stay extraordinarily encouraging, infra, OEM and export markets registered higher than anticipated progress in the course of the quarter,’ he added.

As an ongoing focus space, gross sales transformation and price compression stay the core methods to enhance efficiencies inside the firm, Chakraborty famous.

Shares of the corporate on Friday ended 2.44 per cent up at Rs 178.55 apiece on the BSE. 


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