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Exide: Q4 Net Profit up whopping 44% vis-a-vis CNBC estimates

Exide: Q4 Net Profit up whopping 44% vis-a-vis CNBC estimates

Exide: Q4 Net Profit up whopping 44% vis-a-vis CNBC estimates. Exide Q4: Net Profit At Rs 177.5 Cr Vs CNBC-TV18 Poll Of Rs 123.2 Cr Total Income At Rs 1,761.4 Cr Vs CNBC-TV18 Poll Of Rs 1,364 Cr EBITDA At Rs 267.4 Cr Vs CNBC-TV18 Poll Of Rs 208 Cr EBITDA Margin At 15.2% Vs CNBC-TV18 Poll Of 12.6% Consolidated Net Profit for FY16 HIGHEST EVER Rs 714 crores ( Market/analysts have surprisingly considered only Standalone NP of 622 crores) UBS ON EXIDE Maintain Buy, target `182. Sales 4% ahead of expectations, results ahead of consensus. Higher sales due to improved demand in automotive & industrial battery segments. Expect positive momentum of inverter sales in Q4FY16 to continue in Q1FY17. Buy rating driven by strong brand franchise & reasonable...
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