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Exide Industries Q3 profit drops 26% at Rs 178 crore

The company had reported a net profit of Rs 240 crore in the same period of 2020-21.

January 31, 2022 / 06:36 PM IST
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Exide Industries on Monday said its consolidated net profit declined 26 per cent to Rs 178 crore in the third quarter ended December 31, 2021.

The company had reported a net profit of Rs 240 crore in the same period of 2020-21.

Revenue from operations rose to Rs 3,312 crore as compared with Rs 2,891 crore, Exide Industries said in a regulatory filing.

"Due to unprecedented input cost inflation, profitability has been adversely impacted,” MD & CEO Subir Chakraborty noted.

The Kolkata-based company said its board has declared an interim dividend of 200 per cent for 2021-22.



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PTI
first published: Jan 31, 2022 06:36 pm
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