Lux Industries soars 11%, hits new high on robust March quarter results

The management expects the April-June quarter (Q1FY22) to be relatively weak due to the pandemic and expect to improve gradually from the second quarter

Shares of Lux Industries surged 11 per cent to hit a new high of Rs 2,571.20 on the BSE in intra-day trade on Wednesday after the company reported a more-than-doubled net profit at Rs 90.64 crore in the March quarter (Q4FY21), on the back of healthy operational income. The company, one of India’s largest hosiery producer and exporter, had posted profit of Rs 41.49 crore in Q4FY20. In the past three days, the stock rallied 26 per cent on the BSE.

Lux Industries' income from operations during the quarter under review jumped 49 per cent year on year (YoY)