Eveready Sept qtr profit up 42% to Rs 36 cr on healthy re-stocking post GST

Operating income up 9% at Rs 398 crore; battery volumes grow by 7%

Backed by healthy re-stocking in its sales channels following the implementation of the Goods and Services Tax (GST), Eveready Industries Ltd (EIL) posted a 42 per cent jump in net profit to Rs 36.35 crore with a nine per cent surge in its operating income at Rs 398.25 crore, for the quarter ended September 31, 2017

In the third quarter of the last fiscal year, the company's net profit stood at Rs 25.62 crore while its sales revenue was registered at Rs 384.73 crore. However, adjusted in accordance to the revised accounting procedures in the GST era, EIL's income during July-September