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Exide Industries Ltd. Earnings Release 2021
60960_rns_2020-11-10_e1f21f7f-ebd7-4375-a0d3-8b00a8053673.pdf
Earnings Release
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JP;ress Release
EXIDE R1EPORTS 9% GROWTH 11N lPROFilT BEFORE TAX 1FOR "fHE SECOND QUARTER OF 20'20 .:21.
Kolkatta, November lO, 2020: Exide lndustries Limited, on Tuesday reported Net Turnover for the quarter ended September JO, 2020, of Rs. 2753.JB crores as compared to Rs. 2610.86 crores during the gua1ter ended September 30, 20t9. a growth of 5.5%. Profit Before Tax was Rs. 305.n ,crores for the quarter ended September 30,, 2020 as compared to Rs. 281.18 crores during corresponding quarter of previous year. an increase of 8.5%.
Mr G Chatterjee, MD&CEO, :said that there was improvement in demand for replaceme111.t sales of automotive and UiPS batteries during the second quarter. Demand of OEM and other imtitutional cu:stomer:s also :started showing some positive traction towards the latter part of the quarter. Operations at :sorn1e manufactuiring plants were i111termittent}y disruipted due to the pandemic • affecting s,i11pplies.
Company is focussing on Cost Control. Technology u;pgradation and Cash flow management as strateg,ie:s to improve profitability and liquidity.
G CHATTERJEE Managing Director & Chief Exec:utive Officer Exide lndustr:ies Limite~