Net profit rose 4.9% year-on-year to ₹257 crore, compared with ₹245 crore in the same quarter last year. Revenue for the quarter increased 4.7% to ₹4,029 crore from ₹3,848 crore a year ago.
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Exide Industries reported its numbers for the December quarter, which were broadly in line with Street expectations.
On an operating basis, the company’s EBITDA grew 4.6% year-on-year to ₹469 crore from ₹448.4 crore. The figure was marginally ahead of the CNBC-TV18 poll estimate of ₹466 crore.
EBITDA margin stood at 11.60%, beating the Street’s expectation of 10.90% and remaining flat on a year-on-year basis.
Net profit rose 4.9% year-on-year to ₹257 crore, compared with ₹245 crore in the same quarter last year. Revenue for the quarter increased 4.7% to ₹4,029 crore from ₹3,848 crore a year ago.
Following the earnings announcement, shares of Exide Industries Ltd. were trading 0.47% higher at ₹322.35.
