Battery major Exide Industries on Tuesday reported a 11 percent increase in its net profit to Rs 211 crore for the fourth quarter of 2018-19 (FY19) as compared to Rs 190 crore in corresponding quarter of the previous fiscal. Net turnover for the quarter ended March 31, 2019, was at Rs 2,598 crore, up by about 6 percent from Rs 2,459 crore during the year-ago period.

Exide’s MD & CEO G. Chatterjee said that volumes in automotive batteries as well as in UPS, solar and other Infrastructure segments continued to grow during the fourth quarter. The company reported a net turnover of Rs 10,588 crore in the financial year ended March 31, 2019, as against Rs 9,186 crore in 2017-18.’ Mr Chatterjee has been re-appointed MD & CEO for a further period of two years. Subir Chakraborty has been appointed as Deputy MD for two years.