Exide Ind FY05 net up at Rs 79.38cr

Exide Industries has posted a 6.98% growth in consolidated net profit at Rs 79.38 crore for the year ended March 31, 2005 against Rs 74.20 crore for the year ended March 31, 2004.

The board of directors has recommended a dividend of 25% (Rs 2.50 per share), Exide Industries informed the BSE today.

Total consolidated income grew to Rs 1,273.60 crore during the reporting year against Rs 1,007.79 crore in FY04, it said.

The company has posted a net profit at Rs 77.28 crore on a standalone basis for the year ended March 31, 2005 as compared to Rs 72.86 crore for the year ended March 31, 2004, it said.

Total income grew to Rs 1,187.22 crore during the reporting quarter against Rs 963.95 crore in FY04, it said.