 "V-Guard Q1 net up 70% at Rs 42.78 crore")
V-Guard Industries on Tuesday reported a 70.03% jump in net profit at Rs 42.78 crore for the quarter ended June 30, 2016.
The company had posted a net profit of Rs 25.16 crore in the corresponding quarter last financial year.
The net sales for the quarter under review stood at Rs 569.89 crore as against Rs 494.44 crore a year-ago, up 15.25%, the company said in a BSE filing.
In a separate filing, V-Guard Industries said its Board of Directors has considered the proposal of commencement of operations of the in-house PVC compounding unit at Chavadi, Coimbatore as part of backward integration and the unit is expected to commence commercial production by the end of August.
Shares of the company were trading 5.05% up at Rs 1,563 per scrip on BSE.
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