Exide Industries Ltd. reported net turnover for the quarter ended December 31, 2017, of Rs. 2,276.54 crores as compared to net turnover Rs. 1,715.08 crores during the quarter ended December 31, 2016. Profit before tax and profit after tax for the same quarter ended December 31, 2017, were higher at Rs. 230.16 crores and Rs. 154.27 crores respectively as against profit before tax and profit after tax of Rs. 207.89 crores and Rs. 151.52 crores for corresponding quarter ended December 31, 2016.
Mr. G. Chatterjee, Managing Director & CEO, said that volumes in automotive and motorcycle batteries remained good while growth in UPS, telecom as well as other infrastructure segments were buoyant during the third quarter. However, continued escalation in lead prices remains a major concern.
The company is focussing on cost control and technology upgradation as strategies to improve the bottomline.