V-Guard Industries soars after robust Q4 earnings

V-Guard Industries surged 9.94% to Rs 538.25 at 11:50 IST on BSE after net profit surged 129.08% to Rs 20.48 crore on 12.80% rise in net sales to Rs 418.99 crore in Q4 March 2014 over Q4 March 2013.

The company announced the result after market hours on Friday, 2 May 2014.

Meanwhile, the BSE Sensex was up 97.79 points, or 0.44%, to 22,501.68.

On BSE, so far 58,000 shares were traded in the counter, compared with an average volume of 4,518 shares in the past one quarter.

The stock hit a high of Rs 549.90 and a low of Rs 510 so far during the day. The stock hit a 52-week high of Rs 570 on 20 August 2013. The stock hit a 52-week low of Rs 403.05 on 5 March 2014.

The stock had outperformed the market over the past one month till 2 May 2014, rising 5.26% compared with the Sensex's 0.65% decline. The scrip had also outperformed the market in past one quarter, rising 12.94% as against Sensex's 9.21% rise.

The small-cap company has an equity capital of Rs 29.85 crore. Face value per share is Rs 10.

V-Guard Industries' net profit rose 11.46% to Rs 70.13 crore on 11.66% rise in net sales to Rs 1505.88 crore in the year ended March 2014 over the year ended March 2013.

V-Guard Industries is a multi-product company catering to the light electricals sector manufacturing voltage stabilizers, invertors & digital ups systems, pumps, house wiring/LT cables, electric water heaters, fans, solar water heaters and has also recently forayed into induction cooktops switchgears and mixer grinders.

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