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A rise in total income notwithstanding, storage battery and allied products maker Exide Industries reported a near 6 per cent decline in standalone net profit to ₹165 crore for the fourth quarter ended March 31 against ₹175 crore in the year-ago period.
Standalone total income from operations during the period rose by over 12 per cent to ₹2,225 crore against ₹1,998 crore in Q4 FY-17.
For 2016-17, the company saw a near 11 per cent increase across both standalone net profit and total income from operations. Net profit stood at ₹694 crore, while total income from operations stood at ₹8,613 crore.
Meanwhile, the board of directors, has proposed a final dividend of ₹0.80 (80 per cent) on each equity share of ₹1 face value.
“Together with an interim dividend of ₹1.60 per share (160 per cent), the total dividend for the year works out to be ₹2.40 per share,” the company said.
On Thursday, Exide scrip closed at ₹236.40, up by 6.29 per cent, on the BSE.
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