Exide Industries disclosed a steady growth in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company rose 16.92% to Rs 1,813.20 million from Rs 1,550.80 million in the same quarter previous year.
Revenues for the quarter rose 10.64% to Rs 21,745.50 million, compared with Rs 19,654 million for the prior year period.
Operating margin for the quarter stood at 13.46 percent as compared to 12.99 percent for the previous year period. Operating Income for the quarter was Rs 2,927.40 million, compared with Rs 2553 million in the previous year period.
Earnings per share for the quarter stood at Rs 2.13, registering 17.03% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 21,745.50 | 19,653.90 | 10.64 |
| Net Profit | 1,813.20 | 1,550.80 | 16.92 |
| Diluted EPS | 2.13 | 1.82 | 17.03 |
Shares of the company gained Rs 3.55, or 1.74%, to settle at Rs 207.00. The total volume of shares traded was 279,386 at the BSE (Wednesday).
