Exide Industries has decided to focus on cost-cutting, in order to improve margins, as it has faced with lower demand from automobile manufacturers. The company is also working on value engineering of some products and aims to improve margin in the next quarter.
The country’s largest lead-acid battery maker has registered a marginal growth of 3% in net profit to Rs 146 crore during January-March 2013 against the previous year quarter. Much of the profit growth was contributed by 5.5 per cent price increase in February.
