Property sale powers Exide Q2

Our Bureau Updated - November 07, 2018 at 08:19 PM.

 

Driven primarily by profit on sale of property, automotive battery-maker Exide Industries reported a 97 per cent jump in net profit to ₹268 crore for Q2 FY19, against ₹136 crore in Q2 FY18.

Revenue from operations rose 15 per cent to ₹2,720 crore (₹2,358 crore). An exceptional item of ₹108 crore for the quarter represents profit on sale of property, the company said in a release.

Published on November 7, 2018 14:49