Exide Industries Q1 net jumps 57.34 pc to Rs 38.11 crore

Mumbai, July 21 (UNI) Exide Industries has posted 57.34 per cent rise in net profit after tax to Rs 38.11 crore for the quarter ended June 30, as compared to Rs 24.22 crore for the same quarter ended last year.

Announcing the results, the company said its total income (net of excise) has increased by 34.34 per cent to Rs 441.99 crore for June quarter this year from Rs 328.99 crore in the corresponding quarter a year ago.

''The Indian market for batteries across segments is fast maturing and customers are becoming more quality rather than price conscious. This positive trend will continue and gain momentum in future to help technology focussed companies like Exide Industries,'' said Executive Chairman and CEO S B Ganguly.

UNI SN SSS SKB1723