Exide Industries’ Q1 Profit Beats Estimates, But Margins Declines
Indian lead-acid battery maker Exide Industries reported a smaller-than-expected rise in first-quarterly profit on Friday, hurt by high raw material costs and rising expenses. The Kolkata-based company said its net profit after tax for the quarter ended 30 June stood at Rs 242 crore, compared with Rs 226 crore. Analysts on average expected a profit […]