Eveready Q4 net profit at 1.25 crore

On the back of better price realisation and tight working capital management, Eveready Industries has posted a net profit of Rs1.25 crore for the quarter ended March, 2014 compared to a net loss of Rs 2.15 crore during the corresponding period last year.

Net sales during the quarter rose 12.93% to Rs 256.98 crore, against Rs 227.55 crore in the year-ago period.

In the financial year 2013-14, the company recorded a per 167.72 cent rise in net profit at Rs 13.60 compared to a net profit of Rs 5.08 crore last fiscal. Net sales for 2013-14 fiscal stood at 1152.34 crore, registering a growth of 11.41%.

Meanwhile, the board of the company today appointed its director Amritanshu Khaitan, who has been running the day-to-day operations of Eveready for last one year, as managing director of the company with immediate effect.