Exide Industries Ltd. has announced the un-audited financial results for the quarter ended December 31, 2011.
The Company has posted a net profit after tax of Rs 1043mn for the reporting quarter compared to Rs 1244.2mn for the year-ago quarter.
Net turnover for the October-December quarter stood at Rs 12.5bn.
Total income has increased to Rs 12.6bn for the quarter ended December 31, 2011 from Rs 10.83bn for the quarter ended December 31, 2010.
For the first nine months of FY12, Exide Industries' net profit and net turnover were at Rs 3.19bn and Rs 36.68bn, respectively.
Net sales in Q3 FY12 were up 6% compared to the second quarter of FY12 while the operating margin improved by 560 basis points sequentially.
As a result, the net profit for the third quarter rose by 104% despite an exchange loss of Rs 103.6mn.