The Economic Times daily newspaper is available online now.

    Exide Industries Q3 results: PAT jumps over two-fold to Rs 240 crore

    Synopsis

    The company had posted a consolidated net PAT of Rs 118.15 crore in the same quarter previous fiscal, Exide Industries said in a regulatory filing.

    Exide Industries
    Revenue from operation during the quarter under review stood at Rs 4,196.53 crore as against Rs 3,553.64 crore in the year-ago period, it added.
    Battery maker Exide Industries on Friday reported over two-fold jump in consolidated net profit after tax (PAT) to Rs 239.87 crore in the third quarter ended December 2020 on robust sales.

    The company had posted a consolidated net PAT of Rs 118.15 crore in the same quarter previous fiscal, Exide Industries said in a regulatory filing.

    Revenue from operation during the quarter under review stood at Rs 4,196.53 crore as against Rs 3,553.64 crore in the year-ago period, it added.

    Exide Industries Ltd Managing Director and CEO G Chatterjee said that while aftermarket volume for both automotive and UPS batteries remains encouraging, demands in OEM and other infrastructure segments also started showing some positive indications during the quarter.

    Total expenses during the third quarter stood at Rs 3,901.84 crore compared to Rs 3,395.8 crore in the same period last year, the company added.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in