Exide Industries reports 11.06 pct rise in standalone net profit
Standalone revenue from operations of the company stood at Rs 2,772.46 crore for the quarter under consideration. It was Rs 2,363.72 crore for the corresponding period year ago.
Volumes in Automotive and Motorcycle Batteries remained strong while growth in UPS, Telecom, Solar, as well as other Infrastructure segments, continued to be good during to had the first quarter, Exide Industries MD and CEO G Chatterjee said.
However, higher lead costs coupled with currency depreciation had an adverse impact on the margin of the business as a whole, he added.
The company's stock was trading 2.92 per cent down at Rs 271.40 on BSE in the afternoon.
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