Automotive battery major Exide Industries reported 16 per cent rise in net profit to Rs 185 crore in the April-June 2014 quarter as against a profit of approximately Rs 159 crore in the same period last year. The higher profit came on 15 per cent rise in gross sales to Rs 2,116 crore.
The board on Monday has declared an interim dividend of Rs 1.50 against shares of Re 1 face value each.