Exide: Change request, undemanding valuations to toughen revenues

Exide: Change request, undemanding valuations to toughen revenues

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Margins could even be beneath strain on elevated raw field matter costs

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Exide Industries | Q1 results | UPS

A lift-up in substitute request and elevated uninterruptible energy provide (UPS) sales helped Exide Industries document better-than-anticipated June quarter (Q1) results. Despite the incontrovertible truth that revenues declined 44 per cent, in contrast with the one year-in the past quarter, thanks to lower request from automakers and industrial segments, it changed into once offset by elevated sales in the aftermarket and UPS segments in the 2nd half of the quarter.

Revenues from automakers, which story for approximately 20 per cent of revenues, are anticipated to have dipped by 70 per cent. The firm’s operations had been closed unless mid-Would possibly maybe presumably maybe, though …

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First Published: Tue, August 04 2020. 18: 56 IST

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