InvestorQ : Has Exide managed to report good numbers in the Sep-20 quarter?
indhumathi Sayani made post

Has Exide managed to report good numbers in the Sep-20 quarter?

Answer
image
3 weeks ago
Follow

Exide Industries, one of India’s leading battery manufacturers, posted 3.81% increase in net profits at Rs.257 crore. Overall, the revenues from operations rose by less than 10% at Rs.4011 crore for the Sep-20 quarter. The demand push came from replacement sales of automotive and UPS batteries in the Sep-20 quarter.

The OEM demand is just about beginning to pick up. To overcome the COVID challenges, Exide is focusing on cost control, technology upgrades and better cash flow management. This is expected to help Exide tide over the crisis till the time the OEM demand from that segment picks up.

0 Views