Home / Companies / Results / Eveready Q2 net rises 216% to Rs 58.02 cr on higher demand, lower costs

Eveready Q2 net rises 216% to Rs 58.02 cr on higher demand, lower costs

Eveready's Managing Director, Amritanshu Khaitan said this was the highest ever quarterly profit without any other income. EBITDA margin at more than 20 per cent was also the best

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The turnover from batteries grew by 14 per cent during the quarter, while flashlights grew by 8.6 per cent.

2 min read Last Updated : Nov 13 2020 | 11:15 PM IST

Battery and flashlights major, Eveready Industries India, reported 216 per cent increase in net profit to Rs 58.02 crore in the quarter ended September, on the back of strong demand in batteries and flashlights coupled with cost control measures. Operating income of the company was higher by about 7 per cent to Rs 372.63 crore in the September quarter, compared to Rs 348.28 crore in the same period last year.

Eveready Managing Director Amritanshu Khaitan said this was the highest-ever quarterly profits without any other income. Earnings before interest, taxes, depreciation, and amortization (Ebitda) margin at more than 20 per cent

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