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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.

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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