Exide Industries reports 9% drop in Q4 net profit

Exide Industries has reported results for fourth quarter and year ended March 31, 2014 The company has posted a fall of 9.77% in its net profit after tax at Rs 132.14 crore for the quarter ended March 31, 2014 as compared to Rs 146.46 crore for the same quarter in the previous year. However, total income of the company has increased by 3.14% at Rs 1622.79 crore for quarter under review as compared to Rs 1573.38 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted fall of 6.82% in its net profit after tax at Rs 487.08 crore as compared to Rs 522.78 crore for the same period in the previous year. Total income of company has decreased by 2.43% at Rs 5997.27 crore for year under review as compared to Rs 6147.25 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 0.85% in its net profit after tax, share of minority interest and share of profit from associates at Rs 544.66 crore as compared to Rs 549.35 crore for the same period in the previous year. However, total income of company has increased by 30.48% at Rs 8379.65 crore for year under review as compared to Rs 6421.94 crore for the period ended March 31, 2013.