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Exide lags smaller peer Amara Raja in Q4 and FY20 at operational level

Firm lags its peer Amara Raja in Q4 & FY20

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Exide's under-performance, according to Elara Capital, is due to the inverter segment, higher exposure to OEMs and likely market share loss in the telecom segment.

Ram Prasad Sahu

2 min read Last Updated : Jun 08 2020 | 11:15 PM IST

The stock of Exide Industries slid over 8 per cent on a weaker-than-expected performance in the March quarter (Q4). The firm is also trailing its smaller peer Amara Raja in Q4 as well as in FY20 at the operating level.

The country’s largest lead acid player saw a 21 per cent dip in revenues over the year-ago quarter, largely from a sharp decline in demand from auto makers. Moreover, its inverter business has been hit in Q4, which is usually considered as a seasonally strong one, because of the Covid-19 outbreak.

Amara Raja in contrast reported a revenue growth of 1 per

Topics : Coronavirus Exide Industries Amara Raja Batteries Auto makers

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