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Exide reports 98% rise in Q2 net profit

Exide Industries has reported results for second quarter ended September 30, 2018.

The company has reported 98.06% rise in its net profit at Rs 268.41 crore for the quarter under review as compared to Rs 135.52 crore for the same quarter in the previous year. Total income of the company increased by 15.16% at Rs 2,731.99 crore for Q2FY19 as compared Rs 2,372.24 crore for the corresponding quarter previous year.

Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. It is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country

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