Auto recovery pushes Exide net up 9.4% | autos | Hindustan Times
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Auto recovery pushes Exide net up 9.4%

autos Updated: Oct 12, 2010 22:34 IST
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With the auto industry in the recovery mode, the country’s largest auto and industrial battery maker Exide Industries on Tuesday reported a 9.4 per cent year-on-year surge in net profit during the second quarter at R213 crore. The company had reported a net profit of R149 crore in the same period last year. Net sales rose to R1,126 crore during the quarter as against R950 crore.

Riding on high demand from other equipment manufacturers, the company is expecting further improvement in capacity.