Panasonic Energy India Q1 results: Net profit grows to Rs 4.14 cr

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During the reporting quarter, the company reduced expenses to Rs 58.55 crore from Rs 74.02 crore in the three-month period a year ago.

1 min read Last Updated : Aug 12 2024 | 7:16 PM IST


Panasonic Energy India Company Ltd (PECIN) on Monday reported a profit after tax of Rs 4.14 crore in June quarter, up from Rs 2.59 crore in the year-ago period.


The company’ total income fell to Rs 64.18 crore in the first quarter of this fiscal from Rs 77.48 crore in the April-June period of preceding 2023-24 financial year, Panasonic Energy India said in an exchange filing.


During the reporting quarter, the company reduced expenses to Rs 58.55 crore from Rs 74.02 crore in the three-month period a year ago.

In a separate statement, Akinori Isomura, Chairman and Managing Director, PECIN, said, “Last two years have charted a turnaround story for company’s operations and we have been reporting a consistent growth in profit. The slight dip in revenue this quarter is on account of a large B2B one time order that we won last year, so if we look at the overall sales growth in insolation of this order, we have recorded a 7 per cent growth.”

Part of Panasonic Holdings Corporation, Panasonic Energy India Co. Ltd is one of India’s largest manufacturers and suppliers of dry cell batteries.

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First Published: Aug 12 2024 | 7:16 PM IST