Eveready posts 84 Million third quarter profit

Thursday, 29 January 2009, 02:50 Hrs   |    1 Comments
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Kolkata: Manufacturers of batteries and packet tea, Eveready Industries, posted a net profit of 84.3 million (8.43 crore) in the quarter ended Dec 31, against a loss of 27 million (2.7 crore) in the corresponding period last fiscal, the company said here Wednesday.

Eveready incurred a loss in the third quarter last fiscal as it had to pay a deferred tax of 42.2 million (4.22 crore), the company said.

It said zinc price, which has a "substantial influence on input costs", has been easing over the last six quarters including the quarter under review, though a weakening rupee hit margins as imports or materials linked to foreign exchange account for nearly 40 percent of total consumption.
Source: IANS
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