Exide Industries Q1 net dips 16% to Rs 155 cr

Net sales of the company declined to Rs 1,795.36 crore during the first quarter of the current fiscal

Battery manufacturer Exide Industries today posted 16.24 per cent decline in net profit to Rs 155.2 crore for the first quarter ended June 30, 2015-16.

The company had posted net profit of Rs 185.30 crore for the April-June period of previous fiscal, 2014-15.

Net sales of the company also declined to Rs 1,795.36 crore during the first quarter of the current fiscal, as compared to Rs 1,906.59 crore in the same period of last fiscal, Exide Industries said in a filing to the BSE.

Exide Industries stock ended at Rs 144.60, up 1.15 per cent, on the BSE.