 "Amara Raja batteries, Exide")
A pick-up in replacement demand and higher uninterruptible power supply (UPS) sales helped Exide Industries report better-than-expected June quarter (Q1) results. Though revenues declined 44 per cent, compared with the year-ago quarter, because of lower demand from automakers and industrial segments, it was offset by higher sales in the aftermarket and UPS segments in the second half of the quarter.
Revenues from automakers, which account for about 20 per cent of revenues, are expected to have dipped by 70 per cent. The company’s operations were closed till mid-May, though it has scaled up gradually since then. The weak revenue performance dented
