Corporate | Exide Industries net profit up 132%

Corporate | Exide Industries net profit up 132%

Kolkata: Battery maker Exide Industries Ltd reported its net profit in the quarter till December had risen 132% over the corresponding period of fiscal 2009 to Rs130 crore on the back of robust sales and “austerity measures". Its net revenue during the quarter at Rs913 crore was 16% higher than the same period last year. Buoyancy in the automobile sector, new product launches and improved after sales service helped shore up sales, Exide said in a statement.

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