Page 3 - Exide Industries
Exide to spend Rs 1,400 cr to bring world-class technology on board
Ties up with US-based East Penn Manufacturing Company in this regard
 "Exide to spend Rs 1,400 cr to bring world-class technology on board")
Exide Industries dips post June quarter results
In past three-months, the stock had rallied 34%, as compared to 7.5% rise in Sensex till Monday.
 "Exide Industries dips post June quarter results")
Exide Industries Q2 profit up 26% at Rs 196 crore
Banking on cost control and technology upgradation to improve its profit margins, Exide Industries posted an increase of near 26 per cent in its net profit at Rs 196.05 crore for the quarter ended June 30, 2016. The net profit in the corresponding quarter of the last fiscal year stood at Rs 155.71 crore.The company's managing director and CEO, G Chatterjee said demand for both automotive and industrial battery has helped the company perform better as its earnings improved in the quarter under review.Exide Industries posted an increase of 11.66 per cent in its net sales at Rs. 2008.13 crore during the second quarter of the 2016-17 fiscal year as against the Rs. 1806.41 crore turnover in the similar quarter of the 2015-16 financial period.
 "Exide Industries Q2 profit up 26% at Rs 196 crore")
