In a bid to increase industrial battery making capacity at its existing plants, Exide Industries is planning to invest Rs 350 crore in the present fiscal. The company might also consider raising the automotive battery capacity in the next fiscal as it expects the industry sentiments to improve, he said.
Further, the company is expecting the sale of commercial vehicles to improve with higher economic activities going forward, which should lead to additional demand in the OEM market from the second quarter.
The company’s net profit for the first quarter rose by 16.68% at Rs 185.30 crore as compared to Rs 158.80 crore for the quarter ended June 30, 2013. Its total income increased by 17.59% to Rs 1921.10 crore for the quarter under review from Rs 1633.68 crore for the corresponding quarter of the previous year.
| Company Name | CMP |
|---|---|
| Exide Inds | 330.05 |
| Amara Raja Energy | 778.45 |
| HBL Engineering | 786.60 |
| Eveready Inds. India | 302.45 |
| Indo-National | 326.15 |
| View more.. | |
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