Exide Q1 net profit up 26 pc at Rs 196.05 crore

Battery maker Exide Industries Ltd today reported a 25.9 per cent increase in net profit to Rs 196.05 crore in the first quarter ended June 30, on the back of higher sales.
The company had posted a net profit of Rs 155.71 crore in the year-ago period, Exide said in a BSE filing today.
Net sales during the period under review stood at Rs 2,008.13 crore, as against Rs 1,806.41 crore in the year-ago period, up 11.17 per cent.
Commenting on the performance, Exide Industries Managing Director and CEO G Chatterjee said that demand for both automotive and industrial batteries have shown improvement during the last quarter.

The company is focusing on cost control and technology upgradation to improve profit.
Shares of Exide Industries closed at Rs 179.35, down 0.25 per cent from the previous close on the BSE.