Exide Industries Ltd. surged as much as 6.7 per cent in trade on Tuesday to hit its fresh 52-week high of Rs 168.55, after the company reported 16.68 per cent increase in net profit at Rs 185.3 crore for the first quarter ended June 30, 2014.
At 09:40 a.m.; Exide Industries was trading 6.5 per cent higher at Rs 168.20. It hit a low of Rs 163.65 and a 52-week high of Rs 168.55 in trade today.
The company had posted a net profit of Rs 158.8 crore in the same period of previous fiscal.
Net sales of the company rose by 17.41 per cent to Rs 1,909.61 crore in the first quarter, as against Rs 1,626.34 crore in the same period of previous fiscal, Exide Industries said in a filing to the BSE.
Overall expenses of the company stood at Rs 1,653.56 crore compared with Rs 1,395.07 crore in the corresponding quarter last year.
At 09:40 a.m.; Exide Industries was trading 6.5 per cent higher at Rs 168.20. It hit a low of Rs 163.65 and a 52-week high of Rs 168.55 in trade today.
The company had posted a net profit of Rs 158.8 crore in the same period of previous fiscal.
Net sales of the company rose by 17.41 per cent to Rs 1,909.61 crore in the first quarter, as against Rs 1,626.34 crore in the same period of previous fiscal, Exide Industries said in a filing to the BSE.
Overall expenses of the company stood at Rs 1,653.56 crore compared with Rs 1,395.07 crore in the corresponding quarter last year.
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