Exide shares jump after Q2 profit grows 65%
In short
Exide Industries shares rose 7% after Q2 results showed 65% profit growth.
The company said the gain came from healthy demand, GST 2.0 benefits, a lower base and better execution of its One Exide model. The report does not give the full numbers or say if the move will last.
What the reporting says
Exide Industries’ stock jumped 7% after the company reported Q2 results with 65% profit growth, according to CNBC TV18 Market. The report said management linked the improvement to healthy demand, benefits from GST 2.0, a lower base and stronger execution of the One Exide operating model. The exact profit figure and full quarterly numbers were not stated in the available reporting.
Why it matters
Exide Industries’ shares rose 7% after Q2 results showed 65% profit growth, based on a publisher summary. The company attributed the improvement to healthy demand, benefits from GST 2.0, a lower base and stronger execution of the One Exide operating model. The reporting does not provide the full earnings figures, so the durability of the performance is uncertain.