Exide Q1 net dips 6.87% to Rs 152 crore

Exide Industries has posted a 6.88 per cent drop in its net profit for the quarter ended June 30 to Rs 152.03 crore, compared with Rs 163.26 crore during the corresponding period last financial year. The firm's net sales, however, during the period saw a rise of 24.76 per cent at Rs 1551.08crore, against Rs 1243.28 crore in the first quarter of the last financial year. Shares of Exide Industries closed at Rs 135.60 on the BSE, down 1.53 per cent from the previous close.