Battery manufacturer Exide Industries today reported 11.06 per cent rise in its standalone net profit to Rs 209.92 crore for the first quarter ended June 30, 2018-19.
It had posted a net profit of Rs 189 crore for the April-June period of last fiscal, 2017-18, Exide said in a BSE filing.
Standalone revenue from operations of the company stood at Rs 2,772.46 crore for the quarter under consideration. It was Rs 2,363.72 crore for the corresponding period year ago.
Volumes in Automotive and Motorcycle Batteries remained strong while growth in UPS, Telecom, Solar as well as other Infrastructure segments continued be good during to had the first quarter, Exide Industries MD and CEO G Chatterjee said.
However, higher lead costs coupled with currency depreciation had adverse impact on the margin of the business as a whole, he added.
The company's stock was trading 2.92 per cent down at Rs 271.40 on BSE in the afternoon.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app