NEW DELHI: Battery manufacturer Exide Industries on Thursday reported a 5.95 per cent decline in net profit at Rs 164.78 crore for the fourth quarter ending March 31. It had posted a net profit of Rs 175.21 crore in the January-March period of 2015-16, Exide Industries said in a BSE filing. For the entire 2016-17 fiscal, the company reported a a net profit of Rs 693.64 crore. Exide Industries CEO and MD G Chatterjee said "Growth in UPS and home UPS batteries have shown improvement this quarter. Shares of Exide Industries were trading 4.97 per cent higher at Rs 233.45 apiece on BSE.

Source: Economic Times May 04, 2017 09:22 UTC