Eveready PAT dips 52% to Rs 15 cr on non-cash charge of unamortised fees

Company says the charge will even out for the full year; revenue up 5% to Rs 376 cr

Khaitans step down from Eveready board after Burman Group open offer
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Revenue from operations, however, rose to Rs 375.75 crore in Q2 from Rs 357.49 a year ago

Ishita Ayan Dutt Kolkata
The country’s largest dry cell battery maker, Eveready Industries India, recorded a profit after tax (PAT) of Rs 14.73 crore in Q2FY23, down by 52.5 per cent. In the year-ago period, profit had stood at Rs 31.04 crore.

The company said that PAT was impacted adversely by a non-cash charge of unamortised front-end fees of a loan repaid during the quarter and an adjustment to deferred taxes. This will even out for the full year, it added.

Revenue from operations, however, rose to Rs 375.75 crore in Q2 from Rs 357.49 a year ago. The firm attributed this to better realisation and product mix. "The lighting segment witnessed traction as newer products were launched,” it added.

First Published: Oct 28 2022 | 6:55 PM IST

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