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MOTORINDIA
l
August 2012
159
Exide
top line grows by 25%
Exide Industries Ltd. registered a
25 per cent increase in turnover at Rs.
1,551 crores in the first quarter of 2012-
13 (April to June). Profit from opera-
tions during the period at Rs. 205 crores
rose 10 per cent sequentially and three
per cent as compared to the correspond-
ing period of the previous fiscal. Net
profit of Rs. 152 crores, reflecting a de-
growth of seven per cent on YOY basis,
is 6.6 per cent higher than the previous
quarter.
The prevalent depressed condition in
the automotive OE segment somewhat
eroded the beneficial impact of the higher sales volume achieved in
the replacement market. “Being a significant player in the automo-
tive OE business, any negative swing in the auto sector is a matter
of concern for the company. Nevertheless, the company is able to
modestly improve its overall margin levels”, said Mr. T.V. Ram-
anathan, Managing Director and CEO of Exide Industries.
The volume growth in the four-wheeler automotive battery divi-
sion was 10 per cent, and the volume growth of industrial batter-
ies was 19 per cent for the quarter under review. The company’s
motorcycle battery business continued to do well, showing 28 per
cent volume growth.
The price of lead continued to remain under check in the in-
ternational markets during the period under review. However, the
depreciation of the rupee vis-à-vis the dollar negated most of the
resulting advantages.
The capital expenditure for the current financial year is budgeted
at Rs. 270 crores.
w
batteries
Mr. T.V. Ramanathan,
Managing Director & CEO, Exide Industries
“Though synergistic, this is a new line of business for us
where we will have to make a niche for ourselves through
top level after-sales service. The company is using its exist-
ing network of nationwide dealers to market the product.”
– Mr. T.V. Ramanathan