Exide reported a year-on-year drop in EBITDA margin while the recovered compared to the June quarter.
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Exide Industries reported a 13 percent growth in standalone sales for the September quarter led by an uptick in volumes and pricing strategies of the company.
The company's net profit rose 5 percent from last year to Rs 246 crore.
However, when compared to the June quarter, the margin has expanded by 120 basis points due to easing raw material prices and various cost optimisation strategies to lower fixed costs.
Despite the optimism from the management, shares of Exide ended 2.7 percent lower at Rs 171.4.