 "Exide Q1 net up 4.45%")
Battery maker Exide Industries today reported 4.45% rise in its net profit to Rs 158.80 crore for the quarter ended June 30, 2013 as compared to the same quarter previous fiscal.
During the period the company clocked a net sales of Rs 1626.34 crore, a rise of 4.78% over the corresponding quarter of previous fiscal.
Commenting on the result Exide Industries Managing Director and Chief Executive Officer P K Kataky said, “The improved financial result largely due to increase in sales growth in the after market segment of the automotive battery business. Our emphasis on value engineering and also paid rich dividends to improve margins.”
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