Exide Q2 net profit up 24% at Rs 156 cr

Battery major Exide Industries today posted 24.09 per cent rise in net profit at Rs 156.06 crore for the second quarter ended September 30, 2015-16.
The company had posted a net profit of Rs 125.76 crore for the same period of previous fiscal.
Net sales of the company, however, declined to Rs 1,736.41 crore for the second quarter, as against Rs 1,759.82 crore during the same period of 2014-15, Exide Industries said in a filing to the BSE.
The company's board, which met today, has declared interim dividend of Rs 1.60 per equity share of Re 1 each for the financial year 2015-16.

Exide Industries stock closed at Rs 160.80, down 0.22 per cent, on the BSE.