Battery maker, Exide Industries is planning to spend Rs 250 crore in 2013-14, in order to expand its production capacity. The entity plans to use this fund for increasing output of industrial batteries and modernization.
The company has reported a rise of 2.76% in its net profit at Rs 146.46 crore for the quarter ended March 31, 2013 as compared to Rs 142.52 crore for the same quarter in the previous year. Total income of the company has increased by 6.99% at Rs 1571.63 crore for quarter under review as compared to Rs 1468.89 crore for the quarter ended March 31, 2012.
