V-Guard flies 20% on stellar Q4 show

Shares of consumer electrical and electronics marker V-Guard Industries today zoomed 20 per cent buoyed by the company reporting over two-fold rise in net profit for the March quarter.

The stock soared 19.99 per cent to hit its 1-year high of Rs 1,186.90 on BSE.

On NSE, it rose sharply by 19.99 per cent to Rs 1,194.95 -- its 52-week high.

V-Guard Industries yesterday reported an over two-fold rise in net profit at Rs 41.97 crore for the March quarter as against Rs 20.07 crore in the same period of the previous fiscal.

Net sales rose 16.04 per cent to Rs 510.07 crore during the quarter under review compared with Rs 439.53 crore a year earlier, the company had said in a BSE filing.

For the entire 2015-16, its net profit stood at Rs 111.68 crore as against Rs 70.72 crore in the previous fiscal.

The company's net sales grew to Rs 1,849.77 crore during the fiscal compared with Rs 1,730.47 crore in 2014-15.