Exide Industries’ Q1 net profit drops 16% y/y to USD24.3 million
Company focusing on upgrading technology and controlling costs to improve profitability
Exide Industries’ net profit declined 16.2% year-over-year (y/y) to INR1.6 billion (USD24.3 million, 30 June 2015) in the first quarter ended 30 June 2015, the Indian battery supplier said in a filing to the Bombay Stock Exchange (BSE).
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