India's largest lead acid storage battery manufacturer Exide Industries ' profit after tax doubled to Rs 104 crore in the third quarter of financial year 2011-12 as against Rs 51 crore in previous quarter.
Revenues jumped 7% to Rs 1,250 crore from Rs 1,176 crore quarter-on-quarter and operating profit margin improved to 13.9% versus 7.7% during the same period.
Results were better than expectations: CNBC-TV18 had expected net profit of Rs 90 crore, revenues at Rs 1200 crore and operating profit margin of 11%.
On year-on-year basis, the company's revenues moved up 19%, but operating profit margin grew at 13.9% and PAT fell 16%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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