Exide Industries: Q1FY18 Result
DSIJ Intelligence / 27 Jul 2017
Total sales for this quarter, Q1FY18, came in at Rs. 2376.36 crore. This represents a 6.97 per cent sequential increase and 4.92 per cent YoY increase.
Exide Industries reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 2376.36 crore. This represents a 6.97 per cent sequential increase and 4.92 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 267.97 crore and the EBIT margin stood at 11.28 per cent.
It reported PAT of Rs. 189 crore which represents a sequential QoQ increase of 14.7 per cent and a YoY decline of 3.6 per cent.
The company's stock opened at Rs. 219.60 on the BSE and recorded intra-day high and low of Rs. 222.90 and Rs. 218.30, respectively.
Exide Industries manufactures and markets lead acid storage batteries and allied products in India and internationally. Its products are used in automotive, power, infrastructural development projects, computer industries, railways, renewable energy, and defence sectors.
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