V-Guard gains 6%, hits 52-week high as profit more-than-doubles in Q4

The company's revenue from operations during January-March 2021 jumped 58.04 per cent YoY to Rs 855.19 crore

Shares of V-Guard Industries climbed 6 per cent to a fresh 52-week high of Rs 265.40 on the BSE on Thursday after the electrical applicanes maker's consolidated net profit more-than-doubled to Rs 68.38 crore for the quarter ended March 31, 2021. The company had posted a net profit of Rs 32.23 crore in the year-ago quarter.

Its revenue from operations during January-March 2021 jumped 58.04 per cent YoY to Rs 855.19 crore, V-Guard Industries said in a regulatory filing. The firm's total expenses stood at Rs 759.36 crore, a jump of 50.7 per cent YoY.

For the full financial year 2020-21, V-Guard