Vardhman Textiles jumps after strong Q4 numbers

The Q4 result was announced after market hours on Tuesday, 28 May 2013.

Meanwhile, the S&P BSE Sensex was down 85.79 points or 0.43% at 20,075.03.

On BSE, 4,242 shares were traded in the counter as against average daily volume of 1,571 shares in the past one quarter.

The stock hit a high of Rs 268.95 and a low of Rs 255 so far during the day. The stock had hit a 52-week high of Rs 291 on 11 February 2013. The stock had hit a 52-week low of Rs 206 on 28 May 2012.

The mid-cap stock had underperformed the market over the past one month till 28 May 2013, sliding 7.69% compared with the Sensex's 4.53% rise. The scrip had also underperformed the market in past one quarter, declining 10.78% as against Sensex's 6.89% gain.

The company has equity capital of Rs 63.65 crore. Face value per share is Rs 10.

Vardhman Textiles' net profit surged 195.2% to Rs 323.73 crore on 6.2% growth in net sales to Rs 4159.71 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

On consolidated basis, Vardhman Textiles' net profit jumped 152.1% to Rs 356.39 crore on 7.1% growth in net sales to Rs 4972.07 crore in FY 2013 over FY 2012.

Vardhman Textiles is an integrated textile manufacturer, engaged across the textile value chain, in manufacturing yarn, greige and processed fabric, sewing thread and acrylic fibre.

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