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Exide Industries reports Q1 net loss of Rs 13.56 cr due to Covid-19 crisis

The company had posted a net profit of Rs 161.58 crore in the corresponding quarter a year ago

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Exide MD and CEO G Chatterjee said Covid-19 pandemic and the consequent lockdowns to curb its spread caused severe disruption in manufacturing, supply chain, and sales and distribution operations

Press Trust of India New Delhi

1 min read Last Updated : Aug 03 2020 | 7:20 PM IST

Battery major Exide Industries on Monday reported a consolidated net loss of Rs 13.56 crore in the quarter ended June 30, 2020 due to the impact of disruptions caused by the Covid-19 pandemic.

The company had posted a net profit of Rs 161.58 crore in the corresponding quarter a year ago.

Total income during the quarter under review stood at Rs 2,537.55 crore as against Rs 3,691.33 crore in the quarter ended June 30, 2019, Exide Industries said in a BSE filing.

Commenting on the earnings, Exide MD and CEO G Chatterjee said Covid-19 pandemic and the consequent lockdowns to curb its spread

Topics : Coronavirus Lockdown Exide Industries Q1 results Battery makers Indian Economy COVID-19