The Exide Industries stock is down 16 per cent over the last month on weaker-than-expected December quarter results, competitive pressure, and a weak auto outlook. One of the Street’s concerns is the ability of the company to improve its operating profit margins, which came in at 12.5 per cent for the December quarter.
While this was higher than the 12.4 per cent recorded in the year-ago period, it was lower than the 13.3 per cent estimated by analysts. Despite lower lead costs and cost-cutting efforts that helped the firm achieve its highest gross margins in the last six ...
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