Exide Industries Q1 net soars 84%

Mumbai: Battery maker Exide Industries on 20 July posted an 83.96% jump in net profit at Rs70.11 crore for the first quarter ended 30 June against Rs38.11 crore in the same period last year.

Total income (net of excise duty, VAT and sales tax) rose 51.26% to Rs664.54 crore from Rs439.33 crore, Exide Industries informed the Bombay Stock Exchange (BSE).

The company manufactures a wide range of storage batteries in the world from 2.5Ah to 20,600Ah capacity.

Exide Shares were trading at Rs49.90, up 5.94%, on the BSE in the afternoon trade.

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