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Eveready Industries shares rise around 3% as Q4 net surges

Eveready Industries reported a net profit of Rs 5.45 crore in the January-March period, up 336 per cent, against Rs 1.25 crore in the corresponding quarter a year ago.

BT Online Bureau        Last Updated: May 11, 2015  | 15:37 IST
Eveready Industries shares rise over 3% as Q4 net surges

Eveready Industries India shares jumped around 3 per cent on Monday after the company reported over four times rise in net profit for the quarter ended March 2015.

The company reported a net profit of Rs 5.45 crore in the January-March period, up 336 per cent, against Rs 1.25 crore in the corresponding quarter a year ago. Net income from operations grew 6.88 per cent year-on-year to Rs 275.13 crore at the end of the quarter.

However, total expenditure of Eveready Industries rose 4.56 per cent to Rs 263.69 crore from Rs 252.19 crore in the corresponding period last year.

The rise in expenditure can be attributed to rise in cost of materials consumed, employee benefit expenses and other expenditures.

Reacting to the news, shares of Eveready Industries traded 2.66 per cent higher at Rs 271.10 on the Bombay Stock Exchange against its previous close of 263.10.

 

The 30-share BSE Sensex was up 401 points at 27,507.30 at the same time.

 

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