BENGALURU: Battery maker Eveready Industries India on Tuesday reported a greater than 72% rise in second-quarter revenue, helped by diminishing prices.
Consolidated internet revenue rose to 254.4 million rupees ($3.06 million) within the quarter ended Sept. 30 from 147.3 million rupees a yr in the past.
Quarterly bills for the corporate, which additionally sells flashlights and lighting merchandise like LED bulbs, fell 6% to three.34 billion rupees, led by a virtually 15% decline in uncooked materials prices.
Prices of lithium and cobalt, key uncooked supplies for battery makers, fell globally in the course of the quarter.
Working EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) margin expanded to 12.7% within the quarter from 11.4% a yr in the past.
Income from operations, nonetheless, fell almost 3% to three.65 billion rupees.
Shares of Eveready had been flat after its outcomes.
Consolidated internet revenue rose to 254.4 million rupees ($3.06 million) within the quarter ended Sept. 30 from 147.3 million rupees a yr in the past.
Quarterly bills for the corporate, which additionally sells flashlights and lighting merchandise like LED bulbs, fell 6% to three.34 billion rupees, led by a virtually 15% decline in uncooked materials prices.
Prices of lithium and cobalt, key uncooked supplies for battery makers, fell globally in the course of the quarter.
Working EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) margin expanded to 12.7% within the quarter from 11.4% a yr in the past.
Income from operations, nonetheless, fell almost 3% to three.65 billion rupees.
Shares of Eveready had been flat after its outcomes.
