Eveready Q3 soars to ₹15.33 cr

Eveready Industries Ltd has reported 238 per cent jump in net profit at ₹15.33 crore in the third quarter ending December 31, 2014, over the corresponding quarter of the previous fiscal. Progressive battery price increases during the quarter and a reduction in finance costs largely contributed to the increase in bottomline. A change in the treatment of depreciation also saw a ₹4.55-crore cost reduction on this account.