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Exide Industries reports marginal drop in Q1 net profit

21 Jul 2011 Evaluate

Exide Industries reported results for its first quarter ended June 30, 2011.

The company’s net profit after tax dipped by 1.29% to Rs 163.20 crore for the quarter ended June 30, 2011, against Rs 165.34 crore in the same period last fiscal. The firm’s total income rose 10.10% to Rs 1275.19 crore for the quarter under review, compared to Rs 1158.24 crore in the same period last fiscal.

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