Exide Industries Ltd posted 11 per cent growth in standalone net profit at ₹211 crore for the quarter ended March 31, 2019 against ₹190 crore registered during the same period last year.
Net revenue for the period under consideration was up by around 6 per cent to ₹2,599 crore ( ₹2,459 crore).
For the year ended March 31, 2019, the company’s standalone net profit grew by 26 per cent to ₹844 crore (₹668 crore) and net turnover was ₹10,588 crore — up by 12 per cent compared with year ago period.
According to G Chatterjee, MD & CEO, volumes in automotive batteries as well as in UPS, solar and other infrastructure segments continued to grow during the fourth quarter. The company will focus on cost control and technology upgradation as strategies to improve the bottom-line, said a press statement issued by the company.
The company’s board has recommended a final dividend of ₹0.80 (i.e. 80 per cent) per equity share of ₹1 each fully paid up of the company.