Exide Industries, a leading industrial and automotive battery manufacturer, reported a 10.7 percent growth in its net profit of Rs 224.1 crore in the quarter ended June 2023 (Q1 FY24) as compared to a profit of Rs 202 crore in the corresponding quarter of last year. The company’s revenue in Q1FY24 increased 5.6 percent to… Continue reading Exide Q1 net profit up 11% at Rs 224 crore
Tag: Financial Results
Motherson Sumi Wiring India Q1 profit drops 2% to Rs 123 crore in Q1 FY24
Revenue growth was driven by increasing content per vehicle and a favourable product mix. The company also saw significant traction in the electric vehicle (EV) market, with year-over-year growth of 3x in Q1FY24. Motherson Sumi Wiring India Limited (MSWIL), a full-system solutions provider of the wiring harness segment to automotive manufacturers reported a 2% drop in… Continue reading Motherson Sumi Wiring India Q1 profit drops 2% to Rs 123 crore in Q1 FY24
Audi Group revenue increases to Euro 34.2 billion in the first half of 2023
After a strong start to the year, the Audi Group continued its successful trajectory in the first half of 2023. Between January and June, the brand group progressive delivered a total of 919,548 Audi, Bentley, and Lamborghini vehicles. This corresponds to an increase of more than 15.3 percent compared with the previous-year period. The Group… Continue reading Audi Group revenue increases to Euro 34.2 billion in the first half of 2023
Skoda global sales up 20% to 432,000 units in first-half 2023
Skoda Auto further continued to strengthen its positive course during the first half of 2023, despite ongoing market challenges. The Skoda Auto Group’s operating profit climbed to 911 million euros, marking a year-on-year increase of 34.8%. The Czech carmaker delivered 432,200 vehicles worldwide between January and June, which is 19.9% more than in January-June 2022.… Continue reading Skoda global sales up 20% to 432,000 units in first-half 2023
Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group has reported a net profit of 68 million euro for the first half of 2023, which is the Italian motor vehicle manufacturer’s best first-half performance, up 43.4% from 45.2 million euros, on 30 June, 2022. The company reported consolidated net sales, up 11.3% to 1,172 million euro, the best result ever reported for… Continue reading Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group has reported a net profit of 68 million euro for the first half of 2023, which is the Italian motor vehicle manufacturer’s best first-half performance, up 43.4% from 45.2 million euros, on 30 June, 2022. The company reported consolidated net sales, up 11.3% to 1,172 million euro, the best result ever reported for… Continue reading Piaggio Group reports net profit of Euro 68 million for first half of 2023
This May Be The Best Way To Play The $700 Billion EV Boom
FN Media Group Presents Oilprice.com Market Commentary LONDON, July 28, 2023 /PRNewswire/ — Electric vehicle sales are set for a 35% year-on-year increase in 2023, with national policies and incentives providing further impetus for producers and consumers. So far, overall, this has been rewarding for investors. Companies mentioned in this release include: Tesla Inc. (NASDAQ:… Continue reading This May Be The Best Way To Play The $700 Billion EV Boom
Arbe Announces an $11.6M Dollar Preliminary Order from Weifu High Technology Group
Leading Chinese Tier 1 Supplier, Weifu Group, Placed a Preliminary Order for $11.6M of Radar Chipsets and a $1M Order of Professional Services to Meet 2024 Sales Projections TEL AVIV, Israel, July 28, 2023 /PRNewswire/ — Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar Solutions, announced today that Weifu High-Technology Group, a prominent tier… Continue reading Arbe Announces an $11.6M Dollar Preliminary Order from Weifu High Technology Group
Dana Incorporated Reports Strong 2023 Second-quarter Financial Results, Company Raises Full-year Guidance
Key Highlights Sales of $2.75 billion, an increase of $162 million or 6 percent over last year Net income attributable to Dana of $30 million, an increase of $22 million over last year Diluted EPS of $0.21; diluted adjusted EPS of $0.37, an increase of $0.29 per share Adjusted EBITDA of $243 million, an increase… Continue reading Dana Incorporated Reports Strong 2023 Second-quarter Financial Results, Company Raises Full-year Guidance
LAZYDAYS REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS
TAMPA, Fla., July 28, 2023 /PRNewswire/ — Lazydays (NasdaqCM: LAZY) today reported financial results for the second quarter ended June 30, 2023. Second quarter 2023 revenue decreased to $308.4 million from $373.6 million in the second quarter of 2022. Second quarter 2023 net income was $3.6 million compared to $27.1 million for the same period in 2022. Second… Continue reading LAZYDAYS REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS