Exide net up 50%

BS 200 Scorecard

Exide Industries Ltd has posted a 50 per cent jump in net profit during the second quarter ended September 30 at Rs Rs 43.7 crore compared with Rs 29 crore in the same period last year. It has registered a turnover of Rs 451.1 crore in the second quarter compared with Rs 336.4 crore last year.

The net profit in the first half of the current financial year witnessed a 54 per cent jump to Rs 82 crore from Rs 53.3 crore last year.

Commenting on the first-half results, the company's Chief Executive Officer S B Ganguly said the gallopping demand in both automotive and industrial segments of the market, coupled with improved production efficiency and tight leash on costs have helped the company to achieve impressive financial numbers.

Talking about the future prospects of the company, Ganguly said, while fluctuating lead prices in the international markets remained a cause of concern, the healthy rise in demand across segments should keep the bottomline robust.