Eveready September quarter profit jumps 41% to Rs25.62 crore
Eveready’s revenue for the quarter was marginally lower than a year earlier at Rs366.63 crore
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Kolkata: Battery maker Eveready Industries India Ltd on Wednesday said its net profit in the September quarter had jumped 41% year-on-year to Rs25.62 crore despite no growth in revenue thanks to a 275 basis point gain in operating margin. (One basis point is equal to one-hundredth of a percentage point.)
Eveready’s revenue for the quarter was marginally lower than a year earlier at Rs366.63 crore.
The company said its operating margin had gone up to 11.62% in the September quarter from 8.87% a year earlier due to improved efficiencies in manufacturing.