The company had posted a net profit of Rs. 146.46 crore for the corresponding quarter a year ago.
Net sales rose to Rs. 1,608.55 crore during the quarter, as against Rs. 1,541.31 crore in the same period of the previous fiscal year, Exide Industries said in a filing to the BSE.
For the year ended March, 31, 2014, the company posted a net profit of Rs. 487.08 crore, as compared to Rs. 522.78 crore in the previous fiscal year.
Net sales of the company declined to Rs. 5,964.24 crore during 2013-14, as compared to Rs. 6,071.37 crore in fiscal year 2012-13.
The company's board, which met on the same day, also recommended final dividend of 70 per cent, Rs. 0.70 per equity share of face value of Re 1 each, for the financial year ended March 31.