Revenue growth surprises positively but PAT hit by exceptional item Exide Posted positive surprise in revenue growth driven by both better volumes and sharp jump in realizations in spite of prices getting corrected after GST. Net sales rose 23% to 23,713mn from 19,233mn which is highest sales growth posted by the company last 8 quarters, this increase has be driven by 8-9% increase in price which Exide had undertaken in replacement market. We internal estimate that exide has been able to post mid to high single digit volume growth(6-7%) this quarter primarily in UPS, Telecom and Auto OEM space. We expect Exide to continue to post strong double digit growth in sales in FY18 and FY19 at 91,879mn and 107,065mn largely driven by higher realizations. The Profit after tax for the company fell to 1355mn compared to 1813mn posting decline of 25% on...