Thursday 03 Jul, 2025 11:05 AM
Site map | Locate Us | Login
   Alembic Pharma inks deal to acquire Utility Therapeutics for $12 million    DMart revenue jumps 16% YoY in Q1 FY25    Indogulf Cropsciences is flat on debut    Sheela Foam CEO Nilesh Sevabrata Mazumdar resigns due to personal reasons    Indian Bank's total deposits climb 9% YoY to Rs 7.44 lakh crore in Q1    RVNL appoints Chandan Kumar Verma as CFO    Biocon's biologics arm gets regulatory approval in EU for Denosumab biosimilars    GMR Airports Ltd Spurts 1.64%    Waaree Renewable bags EPC order from domestic entity    Bharat Forge gains after acquiring AAM India manufacturing    NBCC (India) secures Rs 355 crore PMC contract for Gorewada Zoo Project    Jindal Worldwide Ltd leads losers in 'A' group    Sigachi Industries Ltd leads losers in 'B' group    Volumes spurt at Rites Ltd counter    Dr Reddys Laboratories Ltd slips for fifth straight session 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
Exide Inds Q4 PAT falls 22% to Rs 236 cr
06-Jun-20   12:01 Hrs IST

Consolidated profit before tax tanked 38% to Rs 246.50 crore in Q4 March 2020 as against Rs 397.72 crore in Q4 March 2019. Current tax expenses slumped 43.5% to Rs 46.26 crore in Q4 March 2020 as against Rs 81.83 crore paid in Q4 March 2019. The Q4 earnings was released after trading hours yesterday, 5 June 2020.

Exide Industries assessed the impact of COVID-19 on operations as well as financial results of Exide Life Insurance Company (ELI), a subsidiary of the group. The extent to which COVID-19 pandemic will affect ELI's performance particularly in the areas of revenue, claims, carrying value of investments, solvency margin etc. will depend on future developments, and are presently uncertain.

The group has also considered the possible risk that may result from the pandemic relating to COVID-19 for the remaining components of the group and expects to recover the carrying amount of all its assets including inventories, receivables, investments and other financial and non-financial assets in the ordinary course of business based on the internal and external information available upto the date of approval of these consolidated financial results. The group is continuously monitoring any material changes in future economic conditions.

Commenting on the Q4 performance, G Chatterjee, the managing director (MD) & chief executive officer (CEO) of Exide Industries, said that the automotive sector is facing a lot of challenges due to regulatory changes, technology shifts and demand uncertainty, due to which there was a distinct slowdown in auto OE segment. On top of it, the year-end sales across all segments of the company were severely impacted after the complete lockdown was imposed in the country as a result of COVID-19. The company is focusing on cost control and technology upgradation as strategies to improve the bottom-line.

Shares of Exide Industries rose 0.96% to end at Rs 173 on BSE on Friday, 5 June 2020. The scrip has jumped 17.60% in a month.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com,  Mobile No: 7305522205
Hit Count : 42378415
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL Securities Private Limited