NEW DELHI: Battery manufacturer Exide Industries today reported a 3.59 per cent decline in net profit at Rs 189 crore for the quarter ended June.
It had posted a net profit of Rs 196.05 crore in the corresponding period a year ago.
Total income grew by 4.8 per cent to Rs 2,389.57 crore during the quarter under review as against Rs 2,279.93 crore in the year-ago period, Exide Industries said in a BSE filing.
Exide Industries CEO and MD G Chatterjee said: "While growth in automotive and motorcycle batteries continue, demand in home UPS battery business has been subdued in the quarter...high lead prices continue to be a major concern".
Exide Industries said it is focusing on cost control and technology upgradation as strategies to improve the bottomline.
Shares of Exide Industries were trading 2.24 per cent higher at Rs 221.75 apiece on BSE today.