Exide Industries Q3 FY10 : Net jumps 2.32 times

by khalid on 12/01/2010 · 1 comment

Exide Industries is the country’s largest lead acid storage battery
manufacturer and stored energy solutions provider. The company has posted a phenomenal increase in net profit for the period (Oct, Nov, Dec,) Q3 of the current fiscal (FY10). During the said quarter, profit rose 2.32 times to Rs 130.48 crores in comparison to the Rs 56.15 crores of Q3 of previous financial year(FY09).

The company informed the market that the net sales of the company increased to Rs 912.91 crores from 788.65 crores when compared with the same quarter of previous year(FY09). This is a rise of 15.76%.

Exide Industries share’s CMP is Rs 121.65 on 11th Jan 2010.

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