Comments
Shares of Exide Industries slipped as much as 5 per cent in Thursday's trade as the company had yesterday reported a 25 per cent decline in net profit at ₹136 crore for the quarter ended September 30, on account of higher expenses.
Following a negative open at Rs 205.80 against the previous close of Rs 209, the stock touched an intraday high of Rs 209.80 and a low of Rs 198.25 on the BSE.
The company shares ended the session down by 1.22 per cent at Rs 206.45 on the BSE. On the NSE, the stock fell 1.2 per cent to Rs 206.50. In terms of equity volume, 4.32 lakh shares changed hands on the BSE.
The drop in net profit was despite a 9 per cent rise in revenue from operations at ₹2,371 crore against ₹2,171 crore in the same period last year.
The board had declared an interim dividend of ₹1.60 per equity share of ₹1 each for the financial year 2017-18.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.