Exide posts Rs 210 crore profit for Q1 FY2019, up 11%

The company reports a 33 percent growth in its net revenue in Q1 FY2019 with an increase of Rs 682 crore.

Autocar Professional BureauBy Autocar Professional Bureau calendar 01 Aug 2018 Views icon2780 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Exide's manufacturing facility in Hosur

Exide's manufacturing facility in Hosur

Exide industries one of the largest manufacturers of automotive and industrial and lead-acid batteries has reported turnover of Rs 2,772.46 crore in the first quarter of FY2019, a rise of Rs 682 crore from the same quarter in the previous year.

G Chatterjee, managing director and CEO, Exide Industries commented the that volumes in automotive and motorcycles batteries remained strong while the growth in UPS, telecom, solar as well as other infrastructure segments continued to be good during the first quarter.

However, he said that the margin of the business as a whole had been severely impacted due to the higher lead costs coupled with currency depreciation.

Going forward Exide Industries says it will focus on cost control and technology upgradation strategies to improve the bottom line growth.

RELATED ARTICLES
Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws

auther Autocar Professional Bureau calendar05 Jul 2025

The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...

VinFast’s second plant in Vietnam goes on stream ahead of India factory

auther Autocar Professional Bureau calendar30 Jun 2025

Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...

Continental exits TBR market in India, shifts focus to car and SUV radials

auther Autocar Professional Bureau calendar13 Jun 2025

German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...