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Panasonic Energy India Company Limited
Sector:Others Others - Miscella - Others
BSE:504093NSE:LAKHNNATNLBloomberg:PANA@INReuters:PANB.BO
Market Lot: 1Face Value: 10ISIN Demat: INE795A01017
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28-Jul-2016
Business Profile
Panasonic Battery India Company (PANABATRY), incorporated on May 24, 1972, is a manufacturer of batteries and battery appliances. Promoted as a joint venture between Matsushita Electric Industrial Corporation, Japan and the late D.D. Lakhanpal, it was earlier known as Matsushita Lakhanpal Battery India and got its present name on Sep. 2, 2005. Matsushita Electric Industrial Corporation, majority shareholder in the company, are the makers of the world famous consumer electronics brands Panasonic, Quasar, Technics, and JVC to name a few. Panasonic Home Appliances Company, Panasonic Carbon India Company, Nippo Batteries, Panasonic Asia Pacific and Panasonic AVC Networks India are other group companies in India.

The ISO 9001:2000 and ISO 14001 certified company makes the Novino range of dry cell and Panasonic alkaline batteries, battery appliances and battery and machinery components. The manufacturing plants are located at Baroda in Gujarat and Pithampur in Madhya Pradesh with an installed capacity of 794 million dry cell batteries. With technical assistance from its collaborators, it manufactures cost efficient and high performance flashlights and torches through small-scale industries in India. Offices are located in almost all states of India and with its brand value has a presence across India.

The registered office is located at Makarpura Industrial Area, GIDC P.B. No 719, Vadodara-390010, Gujarat.



Financials
The company reported fall of 100.48% in standalone net profit on y-o-y basis to Rs 0.20 million, while total income dropped 27.08% y-o-y basis to Rs 418.20 million for the quarter ended June 2016.

Recent Developments
09-FEB-15
During the quarter, the profit of the company rose 57.36% to Rs 40.60 million from Rs 25.80 million in the same quarter previous year.

28-OCT-13
Panasonic Energy India Company announced a sharp rise in standalone net profit for the quarter ended September 2013. During the quarter, the profit of the company rose 3.38 times to Rs 17.90 million from Rs 5.30 million in the same quarter last year.



In Brief

 
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