Moneycontrol
May 29, 2013 06:38 PM IST | Source: Moneycontrol.com

Eveready Industries cuts losses in Q4 to Rs 2.1cr

Batteries manufacturer Eveready Industries' fourth quarter net sales increased marginally to Rs 227.5 crore from Rs 221 crore year-on-year.

Eveready Industries cuts losses in Q4 to Rs 2.1cr

Moneycontrol Bureau


Batteries manufacturer Eveready Industries has reduced its loss to Rs 2.1 crore in the fourth quarter of FY13 as against loss of Rs 86 crore in a year ago period, sending shares 5 percent higher.


Net sales increased marginally to Rs 227.5 crore from Rs 221 crore year-on-year.


The consolidated 2012-13 loss declined to Rs 76 lakh as compared to a loss of Rs 10.12 crore in the year before, the company said in a statement.

The stock rose 5.08 percent to close at Rs 18.60 amid hefty volumes on Bombay Stock Exchange.

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