Exide Q2 net declines 76% to Rs 51 cr

Exide Industries, a battery producing company, reported a 76% decline in net profit at Rs 51.1 crore for the second quarter ended September 2011. It was Rs 213 crore for the same period a year ago.

However, total income rose a marginal 3% to Rs 1,184 crore as against Rs 1,146.2 crore a year ago.

The company's stock price dropped 7% to Rs 121 on Bombay Stock Exchange at 1345 hours.