Exide Industries’ Q3 net profit up 0.5% y/y to USD22.2 million
Exide attributed growth in the third quarter to higher volumes automotive, motorcycle, UPS and solar battery businesses
India-based battery supplier Exide Industries has reported a marginal improvement in its net profit to INR1.55 billion (USD22.2 million, 31 December 2018) in the third quarter ended 31 December 2018, the company said in a filing to the Bombay Stock Exchange (BSE). The company also recorded 3% year-over-year (y/y) increase in profit before tax to INR2.37 billion. Exide reported higher earnings, driven by 9.4% growth in total sales to INR25 billion.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
