Storage battery major Exide Industries Ltd (EIL) Tuesday announced 11 per cent rise in net profit to Rs 211 crore in the quarter ending March 2019, against Rs 190 crore registered in the same period last year.
The company in a statement reported a net turnover of Rs 2,598 crore for the period under review as compared to Rs 2,459 crore in the last corresponding period.
The board announced 80 paise dividend for each share of Re 1.
The board also extended the tenure of Managing Director (MD) and Chief Executive Officer (CEO) Gautam Chatterjee by another two years starting May 1.
Speaking on the Q4 results, Chatterjee said volumes in automotive batteries as well as in UPS, solar and other infrastructure segments continue to grow during the quarter.
For the fiscal year ended FY19, the net turnover was Rs 10,588 crore as compared to Rs 9,186 crore registered in the previous year. The profit after tax stood at Rs 844 crore, up by 26 per cent as compared to Rs 668 crore in 2017-18.