Exide Industries nearly doubled net profit to Rs 149.67 crore for the quarter ended September as input costs fell and the company expanded its distribution network. Exide’s revenue grew a modest 5.54% to Rs 950.31 crore and the company has proposed a payout of Rs 0.60 per share.
The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
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