Saturday, May 1, 2010

>EXIDE INDUSTRIES (INDIA INFOLINE)

Revenues increase by 28.9% yoy on back of strong volume growth in the automobile and industrial segments

OPM jumps 434bps yoy and NPM nearly doubles on yoy basis owing to sharp fall in raw material cost which was on back of higher consumption of recycled lead.

However, on sequential basis company registered a fall of 280bps and 147 bps in NPM and OPm respectively.

We maintain BUY with a revised target price of Rs 137.

To read the full report: EXIDE INDUSTRIES

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