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Markets News: Battery maker Eveready Industries India on Tuesday reported a more than 72% rise in second-quarter profit, helped by diminishing costs. Consolidated n
Battery maker Eveready Industries India on Tuesday reported a more than 72% rise in second-quarter profit, helped by diminishing costs. Consolidated net profit rose to 254.4 million rupees ($3.06 million) in the quarter ended Sept. 30 from 147.3 million rupees a year ago. Quarterly expenses for the company, which also sells flashlights and lighting products like LED bulbs, fell 6% to 3.34 billion rupees, led by a nearly 15% decline in raw material costs.
Quarterly expenses for the company, which also sells flashlights and lighting products like LED bulbs, fell 6% to 3.34 billion rupees, led by a nearly 15% decline in raw material costs.