 "Eveready Industries hits 52-week high as Q1 profit doubles")
Eveready Industries has locked in upper circuit of 5% at Rs 89.50, also its 52-week high, in opening deals on BSE after reported a jump of over 157% in its standalone net profit at Rs 10.60 crore for the first quarter ended June 30, 2014, helped by sales gain in batteries and lighting products segment. The battery maker had profit of Rs 4.12 crore in the same quarter last year.
The total income of the company increased by 15.7% at Rs 324 crore d
During the quarter, the products categories of batteries and lighting product – saw healthy turnover growth – contributing to sales gain, the company said.
The company’s operating EBDITA grew by 37% to Rs 33.18 crore in the current quarter, from Rs 24.30 crore in the same quarter last fiscal, it added.
EBDITA margins improved an over 150 points to 10.25% from 8.69% during the recently concluded quarter.
Eveready Industries said the outlook appears to be stable. However, the delay in monsoon and hardening of metal prices may offset partially the margin expansion of the current quarter.
The total income of the company increased by 15.7% at Rs 324 crore d
Eveready Industries
During the quarter, the products categories of batteries and lighting product – saw healthy turnover growth – contributing to sales gain, the company said.
The company’s operating EBDITA grew by 37% to Rs 33.18 crore in the current quarter, from Rs 24.30 crore in the same quarter last fiscal, it added.
EBDITA margins improved an over 150 points to 10.25% from 8.69% during the recently concluded quarter.
Eveready Industries said the outlook appears to be stable. However, the delay in monsoon and hardening of metal prices may offset partially the margin expansion of the current quarter.