VST Industries is trading 6% higher at Rs 1,890 on reporting 49% year-on-year (yoy) growth in net profit at Rs 51.89 crore for the quarter ended March 2014 (Q4). The cigarettes and tobacco products company had a profit of Rs 34.74 crore in the same quarter a year ago.
Net sales grew 18% to Rs 189 crore in the quarter under review from Rs 161 crore in the year-ago period, VST Industries said in a statement.
The operating margins improved to 33.75% from 27.55% in the previous year's corresponding quarter.
Meanwhile, the board has recommended a dividend of Rs 70 per equity share of Rs 10 each for the year 2013-14.
The stock opened at Rs 1,816 and touched a 52-week high of Rs 1,913 on the NSE. A combined around 28,000 shares changed hands on the counter so far on the NSE and BSE.
Net sales grew 18% to Rs 189 crore in the quarter under review from Rs 161 crore in the year-ago period, VST Industries said in a statement.
The operating margins improved to 33.75% from 27.55% in the previous year's corresponding quarter.
Meanwhile, the board has recommended a dividend of Rs 70 per equity share of Rs 10 each for the year 2013-14.
The stock opened at Rs 1,816 and touched a 52-week high of Rs 1,913 on the NSE. A combined around 28,000 shares changed hands on the counter so far on the NSE and BSE.
