September Quarter Outperformers

Revenue from operations rose 10.1% to 51.96 billion rupees. While total expenses rose 7.6% to 49.74 billion rupees, the cost of materials consumed, which forms more than a third of expenses, fell 1.2%

Battery maker Exide Industries Ltd on Monday reported a 13.66 per cent decline in consolidated profit after tax at Rs 233.4 crore in the September quarter, impacted by higher expenses. The company had posted a consolidated profit after tax (PAT) of Rs 270.32 crore in the same quarter last fiscal, Exide Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review was at Rs 4,450 crore compared to Rs 4,371.52 crore in the year-ago period. Total expenses were higher at Rs 4,157.63 crore against Rs 4,043.57 crore in the same quarter a year ago, the company said. In the second quarter, the two-wheeler and four-wheeler replacement markets experienced robust demand, leading to double-digit revenue growth, it added. Industrial-UPS and solar also enjoyed strong demand momentum during the quarter. However, the demand scenario was soft in the home-UPS segment due to the early onset of monsoons, Exide Industries said. On the export front, the .

State-owned Oil and Natural Gas Corporation (ONGC) is seeking help from an internationally-proven technical service provider to raise oil and gas production from its flagship but old and maturing Mumbai field in the Arabian Sea. The firm has floated an international tender to identify the service provider who will help raise production from the field, ONGC said in a post on X. "The giant multi-layered Mumbai High field, which commenced production 48 years ago in 1976, is currently in its mature stage of production and ONGC has implemented a number of schemes in this field to improve production," it said. "As a custodian and operator of Mumbai High field, ONGC is keen to collaborate with a global technical service provider. The service provider would be contracted for 10 years, extendable by another five years." Mumbai High field lies 160 kilometres off the coast of Mumbai and produces about 38 per cent of India's oil production. While it hit a peak output of 40,000 barrels per day

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