Exide Q3 net up 3%

Exide Industries today reported a 2.91% increase in net profit at Rs 21.54 crore for the third quarter ended December 31, 2005 as against Rs 20.93 crore in Q3FY05.

According to a release issued by the company to the BSE today, total income increased to Rs 342.77 crore in Q3FY06 from Rs 295.29 crore in Q3FY05.

S B Ganguly, chairman and chief executive officer, said: "The rising input cost of lead in the international markets remains a cause of concern. However, our continued focus on quality, technology and cost consciousness across levels has paid rich dividends in terms of better profitability. The robust growth in the automotive and infrastructure segments is promising."