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Exide Industries Ltd. Earnings Release 2018
60960_rns_2018-11-05_6c7ed9b2-1da8-415f-a0f7-43200cc06307.pdf
Earnings Release
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Ref No.: EIL/SEC/2018-19/44
05.11.2018
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| The Secretary | The Secretary |
|---|---|
| The Calcutta Stock Exchange Limited | BSE Limited |
| 7 Lyons Range | Phiroze Jeejeebhoy Towers |
| Kolkata - 700 001 |
Dalal Street, Mumbai - 400 00 I |
| CSE Scrip Code: 15060 & 10015060 | BSE Scrip Code: 500086 |
| The Secretary | - |
| National Stock Exchange of India Limited | |
| Exchange Plaza, 5th Floor, | |
| Plot no. C/1, G Block | |
| Bandra-Kurla Complex, Bandra (E), | |
| Mumbai - 400 051 |
|
| NSE Symbol: EXIDEIND |
Sub: Advance Press Release intimation
Please find enclosed a copy of the Press Release being issued today by the Company in relation to the unaudited financial results for the qua1ier and six months ended 30th September, 2018 which was taken on record by the board of directors of the Company at its meeting held today.
This is for your information and records.
Thanking you.
Yours faithfully, For Exide Industries Limited
Jitendra Kumar Company Secretary and EVP- Legal & Admin ACS: 11159
Enc l: a/a
Press Release
EXIDE REPORTS 15% TOP LINE GROWTH FOR THE SECOND QUARTER OF 2018 - 19.
Mumbai, November 5 2018: Exide Industries Limited, on Monday reported Net Turnover for the quarter ended September 30, 2018, of Rs. 2720.35 crores as compared to Rs. 2358.37 crores during the quarter ended September 30, 2017, an increase of 15.3%. Exceptional Item of Rs. 108.29 crores for the quarter represents Profit on Sale of property. Profit After Tax was Rs. 268.41 crores for the quarter ended September 2018 as compared to Rs. 135.52 crores during corresponding quarter of previous year.
For the half year ended September 30, 2018, the net turnover was Rs.5492.81 crores as compared to Rs. 4448.61 crores in the same period of previous year, representing a growth of24%.
Mr G Chatterjee, MD & CEO said that Volumes in Automotive , Motorcycle, Inverter and Industrial Batteries have shown good growth during the second quarter. However, currency depreciation and higher fuel cost had adverse impact on the margin of the business as a whole.
The company is focussing on Cost Control and Technology upgradation as strategies to improve the bottom-line.
G CHATTERJEE Managing Director & Chief Executive Officer Exide Industries Limited