Eveready Industries Q1 results: PAT rises 18% to 29.3 cr, revenue dips 4%

Battery and flashlights maker Eveready Industries India Ltd on Saturday reported an increase of 18.1 per cent in its consolidated net profit at Rs 29.36 crore in the first quarter ended June 2024.

The company had posted a net profit of Rs 24.86 crore in the April-June period a year ago, according to a regulatory filing from the Burman family promoted firm.

However, its revenue from operations was down 3.9 per cent to Rs 349.37 crore during the quarter under review. The revenue was at Rs 363.57 crore in the year-ago period.

"PAT was higher by 18.1 per cent over Q1 of last year mirroring the strong operating trend for the quarter," said Eveready Industries in its earnings statement.

Total expenses of Eveready Industries has decreased 6.48 per cent to Rs 314.18 crore in the June quarter.

Eveready Industries' total income in the June quarter was down 4.6 per cent to Rs 349.59 crore.

"Revenue growth for the quarter was contained by several factors, including a high base effect, slower