Vaibhav Global jumped 7.18% to Rs 1069.4 after the company reported stellar Q3 2019 numbers after market hours yesterday, 29 January 2020.
On consolidated basis, net profit jumped 25% to Rs 65.56 crore in Q3 December 2019 as against Rs 52.51 crore reported in Q3 December 2018. Net sales for the quarter rose 10.3% and stood at Rs 563.27 crore as against Rs 510.59 crore reported in the same period last year.Profit before tax (PBT) for Q3 December 2019 stood at Rs 81.82 crore, up by 27% from Rs 64.46 crore reported in Q3 December 2018. Tax expenses jumped 598% to Rs 20.72 crore in Q3 FY20 from Rs 2.97 crore posted in Q3 FY19.
Vaibhav Global hit an intraday high of Rs 1099 which is also a 52-week high for the counter.
Vaibhav Global is engaged in the processing of gemstones, such as fire opal, apatite, emerald and various other precious and semi precious stones.
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