Exide Q1 net profit up 4% at Rs 159 cr
The company had posted a net profit of Rs 152.04 crore during the same period of previous fiscal
 "Exide Q1 net profit up 4% at Rs 159 cr")
The company had posted a net profit of Rs 152.04 crore during the same period of previous fiscal, Exide Industries Ltd said in a filing to the BSE.
Net sales of the company rose to Rs 1,626.34 crore during the quarter, as against Rs 1,552.13 crore in the same period a year ago.
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"The improved financial performance is largely due to increased sales growth in the after-market segment of the automotive battery business," Exide Industries Managing Director PK Kataky said.
Shares of Exide Industries today closed at Rs 122.45 on the BSE, down 1.21 per cent from its previous close.