Exide Q1 net profit up 26 pc at Rs 196.05 crore

Image
Press Trust of India New Delhi
Last Updated : Jul 18 2016 | 7:07 PM IST
Battery maker Exide Industries Ltd today reported a 25.9 per cent increase in net profit to Rs 196.05 crore in the first quarter ended June 30, on the back of higher sales.
The company had posted a net profit of Rs 155.71 crore in the year-ago period, Exide said in a BSE filing today.
Net sales during the period under review stood at Rs 2,008.13 crore, as against Rs 1,806.41 crore in the year-ago period, up 11.17 per cent.
Commenting on the performance, Exide Industries Managing Director and CEO G Chatterjee said that demand for both automotive and industrial batteries have shown improvement during the last quarter.
The company is focusing on cost control and technology upgradation to improve profit.
Shares of Exide Industries closed at Rs 179.35, down 0.25 per cent from the previous close on the BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 18 2016 | 7:07 PM IST

Next Story