On the back of better price realisation and tight working capital management, Eveready Industries has posted a 154.49% rise in net profit at Rs 4.53 crore for the quarter ended December, 2013 compared to a net profit of Rs1.28 crore during the corresponding period last year.
Net sales during the quarter rose 12.48% to Rs 296.45 crore, against Rs 263.56 crore in the year-ago period.
“Significant growth of profit before and after taxes is a reflection of better price realisation, cost conservation and savings in finance cost,” the company said in a statement.
Boosted by the result, the stock today ended at Rs 38.50 on the Bombay Stock Exchange, up 4.90% from the previous close.
