Published on 2/08/2019 2:56:30 PM | Source: Dion Global Solutions Ltd

Exide Inds. Q1 net profit up 6.85% at Rs 224.29 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Now Get news on WhatsApp. Click Here To Know More

The company reported standalone net profit of Rs 224.29 crore for the quarter ended June 30, 2019 as compared to Rs 209.92 crore in the same period last year, registering a year-on-year growth of 6.85 per cent. Net revenue of the company rose by 0.24 per cent at Rs 2,779.25 crore in April-June quarter of this fiscal as against Rs 2,772.46 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 0.42 per cent to Rs 2,371.55 crore from Rs 2,381.54 crore in year ago period.

Other Income grew by 290.71 per cent at Rs 16.41 crore versus (Jun'18 Rs 4.20 crore). Operating Profit surged by 4.29 per cent to Rs 407.70 crore as against Rs 390.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.04 per cent in June quarter. Interest grew by 59.82 per cent y-o-y to Rs 1.79 crore, while Taxation decreased by 0.53 per cent at Rs 111.61 crore (Jun'18 Rs 112.20 crore).