V-Guard Industries Q2 PAT up 21%

V-Guard Industries Limited recorded a 21.27 percent rise in the profit after tax at Rs8.78 crore in Q2 as against Rs 7.24 crore in the same period of last year.

Net sales of in the quarter rose to Rs 158.74 crore, achieving a growth of 49.56 per cent from Rs106.14 crore in the corresponding period of the previous year. For the half year up to September 30, the company recorded a 40.55 per cent rise in net profit at Rs 19.86 crore as against Rs 14.13 crore in H1 of 2009-10.

Net sales of the company during H1 was Rs 326.95 crore, an increase of 70.13 per cent from Rs 192.18 crore in the corresponding period of the previous year.