V-Guard Industries has rallied 7% at Rs 360 on reporting 67% year-on-year (yoy) growth in net profit at Rs 20.65 crore for the quarter ended June 30, 2012, on back of higher operational income. Net sales grew 37% at Rs 327 crore on y-o-y basis.
The operating profit of electric equipment maker have increased by 50% to Rs 34 crore on y-o-y basis, while margins improved by almost 100 basis points to 10.57% from 9.64% during the recently concluded quarter.
The stock opened at Rs 338 and hit a record high of Rs 361 on the NSE. A combined one million shares have already changed hands on the counter so far, against an average sub 200,000 shares that were traded daily in past ten trading days.
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