EnerSys (ENS) has reported a 263.44 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $33.80 million, or $0.76 a share in the quarter, compared with $9.30 million, or $0.21 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $56.60 million, or $1.28 a share compared with $45.50 million or $1.03 a share, a year ago.

Revenue during the quarter went up marginally by 2.52 percent to $626.80 million from $611.40 million in the previous year period. Gross margin for the quarter expanded 41 basis points over the previous year period to 26.66 percent. Total expenses were 91.72 percent of quarterly revenues, down from 95.76 percent for the same period last year. This has led to an improvement of 404 basis points in operating margin to 8.28 percent.

Operating income for the quarter was $51.90 million, compared with $25.90 million in the previous year period.

"I remain excited about our business," stated David M. Shaffer, president and chief executive officer of EnerSys. "Our motive power, uninterrupted power supply and aerospace and defense businesses continue to perform well, and we look forward to the future growth of our telecommunications business, which will be driven by the accelerating appetite for more data usage. Our lowered guidance is due to recent price increases taking longer to be fully effective, as well as our sequential commodity cost pressure being greater than originally estimated."

For the first-quarter 2018, On an adjusted basis, EnerSys forecasts diluted earnings per share to be in the range of $1.10 to $1.14.