New Delhi: Battery manufacturer Exide Industries on 30th April, reported a 4.12 per cent increase in net profit at Rs 137.59 crore for the quarter ended March 31, 2015, as demand remained subdued.
The company had posted a net profit of Rs 132.14 crore in the same period last fiscal, Exide Industries said in a BSE filing.
The company's total income from operations also rose 2.26 per cent to Rs 1,651.82 crore during January-March period as against Rs 1,615.28 crore of the same period previous fiscal.
Exide Industries MD and CEO P K Kataky said that the demand for both automotive and industrial battery remained subdued during the entire year.
"The company is focusing on cost control and technology upgradation to improve profit," the company said.
In the financial year on ended March 31, 2015, Exide Industries net profit increased 12.06 per cent to Rs 545.87 crore as against Rs 487.08 crore of the previous fiscal year.
Company's total income from operations also increased 15.20 per cent to Rs 6,883.73 crore as against Rs 5,974.96 crore in last fiscal.
Meanwhile, the company informed that its board has declared a final dividend of Rs 0.70 per share.
"After considering the interim dividend of Rs 1.50 per share declared earlier during the year, the total dividend for the financial year 2014-15 comes to Rs 2.20 per share as compared to the total dividend of Rs 1.80 per share for the financial year 2013-14," the firm said.
Shares of Exide Industries closed down 5.57 per cent at Rs 171.20 apiece on BSE.
