Dry cell battery maker Eveready Industries Ltd reported a 77.2 per cent slump in profit after tax in the third quarter of the fiscal amidst marginal growth in revenue. The company’s PAT stood at Rs 5.4 crore compared with Rs 23.7 crore in the same period last year.
Total income from operations inched up to Rs 330.4 crore compared with Rs 325.9 crore in the Q3FY22. The company said it managed to garner additional 170 bps (1.7 per cent) market share in the batteries market during the quarter.
Suvamoy Saha, managing director of Eveready, said: “We have sustained our performance momentum and delivered top-line growth. This came in spite of challenging macroeconomic headwinds aggravated by forex and input cost pressures together with slower demand off take.”
Kilburn Engineering
Kilburn Engineering continued its upward trend with a substantial jump in revenue and profit in the Q3. The company’s PAT stood at Rs 7.5 crore compared with a loss of Rs 0.79 crore in Q3FY22. Income from operations went up to Rs 53.82 crore compared with Rs 23.38 crore a year ago.
