Press Release
Exide reports 26% top line growth for the fourth quarter of 2017-18
May 07, 2018
Mumbai, May 7, 2018: Exide Industries Limited, on Monday reported Net Turnover for the quarter ended March 31, 2018, of Rs.2459.41 crores as compared to Net Turnover Rs.1954.59 crores during the quarter ended March 31, 2017. Profit After Tax for the same quarter ended March 31, 2018, was higher at Rs.189.56 crores as against Profit After Tax of Rs.164.26 crores for corresponding quarter ended March 31, 2017, having a growth of 15%.
For the year ended March 31, 2018, the net turnover was Rs.9186.32 crores as compared to Rs.7583.47 crores in the previous year, a growth of 21 %. Profit after Tax was Rs.668.35 crores in the year ended March 31, 2018 net of ' exceptional item' charged in the second quarter of the current financial year, compared to Profit After Tax of Rs.693.64 crores in the previous year.
Mr. G Chatterjee, MD & CEO said that Volumes in Automotive, Motorcycle, Inverter, UPS, Telecom and Solar Batteries as well as in other Infrastructure segments were strong during the fourth quarter.
Company is focussing on Cost Control and Technology upgradation as strategies to improve the bottom-line.