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Battery maker Exide Industries Ltd today said its net profit rose by 4.44 per cent to Rs 158.80 crore for the first quarter ended June 30, 2013.
The company had posted a net profit of Rs 152.04 crore during the same period of previous fiscal, Exide Industries Ltd said in a filing to the BSE.
Net sales of the company rose to Rs 1,626.34 crore during the quarter, as against Rs 1,552.13 crore in the same period a year ago.
"The improved financial performance is largely due to increased sales growth in the after-market segment of the automotive battery business," Exide Industries Managing Director PK Kataky said.
Shares of Exide Industries today closed at Rs 122.45 on the BSE, down 1.21 per cent from its previous close.
