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Exide Industries slips 8% on weak March quarter results

The automotive sector is facing a lot of challenges due to regulatory changes, technology shifts and demand uncertainty due to which there was a distinct slowdown in auto OE segment, the company said.

Topics
Exide Industries | Buzzing stocks | Markets

SI Reporter  |  Mumbai 

Coronavirus, markets, companies, loss
The company’s profit after tax too declined 20 per cent YoY to Rs 168 crore

Shares of slipped 8 per cent to Rs 158.50 on the BSE on Monday in the intra-day trade after the company reported 21 per cent year on year (YoY) drop in net turnover at Rs 2,055 crore in the March quarter (Q4FY20) due to lockdown. The auto ancillary company had posted net turnover of Rs 2,598 crore in the year-ago quarter.

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First Published: Mon, June 08 2020. 13:30 IST
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