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Exide Industries to invest Rs 350 crore in FY15

23 Jul 2014 Evaluate

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.

Exide Inds Share Price

330.05 -1.40 (-0.42%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Exide Inds 330.05
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HBL Engineering 786.60
Eveready Inds. India 302.45
Indo-National 326.15
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