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HomeMarketStocksExide Industries Q2 Results: Net profit up 5% to Rs 246 crore

Exide Industries Q2 Results: Net profit up 5% to Rs 246 crore

Excessive enter price has saved ‘ profitability underneath leash whilst its income grew 13% 12 months on 12 months.

The storage battery maker on Friday reported a modest 5% rise in web revenue for the September quarter at Rs 246 crore in opposition to Rs 234 crore seen within the year-ago interval.

Revenue earlier than tax rose 4.8% to Rs 330 crore (Rs 315 crore earlier) on a income of Rs 3719 crore.

“Excessive enter prices proceed to impression income on a year-on-year foundation,” the corporate mentioned. There was nonetheless a respite in enter price inflation sequentially, it mentioned.

Its EBITDA margin, nonetheless, rose to 11% within the second quarter of the fiscal as in contrast with 9.9% within the previous quarter.

The corporate mentioned the demand situation was upbeat, each within the alternative market and with the OEMs (authentic gear producer), thereby driving volumes.

“The Industrial vertical witnessed sturdy restoration in comparison with earlier 12 months, pushed by pick-up in enterprise exercise,” it mentioned.

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