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Exide: FY01 net declines 15% YoY

Apr 27, 2001

Exide Industries Ltd (EIL) sales grew by only 1.5% YoY to Rs 7,702 m for FY01, due to the slowdown in the auto segment. The company's third quarter was the worst hit. However due to a pick in demand for passenger car segment in 4QFY01, the company's overall sales in this quarter improved by 10% YoY.

Exide net falls 42% YoY

Jan 22, 2001

Exide Industries Ltd (EIL) sales have dropped by 8.4% YoY in the 3QFY01. This is mainly due to lower demand from the automobile segment. As a result of higher competition in the auto battery segment and the rising lead prices, the company's operating profits fell by 18% YoY to Rs 296 m in the 3QFY01. The company's net profit declined by a dismal 42% YoY to Rs 69 m for the 3QFY01.

Exide net falls 42% YoY

Jan 20, 2001

Exide Industries Ltd (EIL) sales have dropped by 8.4% YoY in the 3QFY01. This is mainly due to lower demand from the automobile segment. As a result of higher competition in the auto battery segment and the rising lead prices, the company's net profit fell by 42% YoY to Rs 69 m for the 3QFY01.

Exide: On an expansion spree

Dec 27, 2000

Exide Industries Ltd, India's largest automotive battery manufacturer does not seem as worried regarding the slowdown in the automobile sector as the others. The expansion of its production capacity by opening of a new auto battery plant at Hosur in Tamil Nadu recently is an indication of the company's optimistic stance.

Exide: Expanding its wings

Nov 27, 2000

Exide Industries has announced its plans of acquiring two companies in the South East Asian region, as part of its expansion programme. The company has earmarked a total capital expenditure programme of Rs 2 bn spread over a period of three years.

EXIDE Industries Ltd net rises 5% YoY

Nov 6, 2000

Exide Industries Ltd (EIL) sales have grown by only 2.4% YoY in the 2QFY01. This is mainly due to the slowdown in the automobile segment.

Amara Raja Batteries Ltd

Jul 29, 2000

The company's sales have increased sharply in the 1QFY01 by 33.5% YoY to Rs 245m. Due to a 38% increase in operating expenses, the company's operating margins have fallen from 17.1% in 1QFY00 to 14.2% in the 1QFY01.

EXIDE Industries Ltd - net up 8% YoY

Jul 25, 2000

Exide Industries Ltd (EIL) sales have reported a marginal improvement in the 1QFY01 from Rs 1,950 m in 1QFY00 to Rs1,963 m in 1QFY01, a growth of just 0.7% YoY.

Hitachi to outsource batteries from Exide

Feb 5, 2000

Hitachi of Shin Kobe and Exide have entered into a venture whereby the former will outsource batteries from Exide to meet its global requirements.


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