Exide Industries Q2 net up 9.4% to over Rs 242 cr
Exide Industries net profit was up 9.4 per cent to Rs 242.75 crore for the second quarter (Q2) ending September, 2010, as against Rs 221.70 crore registered in the same period last fiscal.
By PTI |
KOLKATA: Exide Industries net profit was up 9.4 per cent to Rs 242.75 crore for the second quarter (Q2) ending September, 2010, as against Rs 221.70 crore registered in the same period last fiscal.
The turnover during Q2 this year was Rs 1126.73 crore, up 18.56 per cent compared to the same period last year.
With the commissioning of the Ahmednagar plant for motorcycle batteries and additional production lines at Shamnagar and Haldia factories for 4-wheeler batteries in September, the availability for the replacement segment would improve significantly in the near term, Exide managing director & CEO T V Ramanathan said.
"The company plans to invest Rs 375 to Rs 400 crore on capital expenditure in this financial year to enhance the production capacities compatible with the now projected demand for the coming financial year," he said.
The turnover during Q2 this year was Rs 1126.73 crore, up 18.56 per cent compared to the same period last year.
With the commissioning of the Ahmednagar plant for motorcycle batteries and additional production lines at Shamnagar and Haldia factories for 4-wheeler batteries in September, the availability for the replacement segment would improve significantly in the near term, Exide managing director & CEO T V Ramanathan said.
"The company plans to invest Rs 375 to Rs 400 crore on capital expenditure in this financial year to enhance the production capacities compatible with the now projected demand for the coming financial year," he said.
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