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Exide Industies has reported a near 5 per cent increase in net profit to Rs 138 crore for the quarter ending March 31, 2015. Standalone net profit for the corresponding period last year stood at Rs 132 crore.
During the period under review, the company saw its net sales move up marginally to Rs 1,645 crore; a little over 2 per cent increase over Rs 1,609 crore in the year-ago period.
On a consolidated basis, its net profit increased by approximately 13 per cent to Rs 615 crore for FY-15. In FY-14 it stood at Rs 545 crore.
In FY15, its total income increased by approximately 15 per cent to Rs 9,568 crore (Rs 8,334 crore).
The company has declared a final dividend of 70 paise on equity shares having a face value of Rs 1.00 each (or a dividend of 70 per cent). In August last year, it had declared an interim dividend of Rs 1.50 (or 150 per cent dividend).
The demand for both automotive and industrial battery remained subdued during the entire year. The company is focussing on cost control and technology up-gradation to improve profit, PK Kataky, its MD and CEO, was quoted as per a release issued by the company.
Shares of Exide ended at Rs 171.20, down by 5.57 per cent, on the BSE.
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