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V I P Industries gains after strong Q4 results

Capital Market 

V I P Industries rose 3.15% to Rs 199.65 at 11:00 on after consolidated net profit rose 46.44% to Rs 18.92 crore on 11.73% increase in net sales to Rs 306.60 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 18 May 2017.

Meanwhile, the S&P Sensex was up 185.11 points, or 0.61% to 30,619.90.

On the BSE, 38,000 shares were traded in the counter so far, compared with average daily volumes of 1.07 lakh shares in the past one quarter. The stock had hit a high of Rs 203.40 and a low of Rs 198.40 so far during the day. The stock hit a record high of Rs 216.90 on 6 April 2017. The stock hit a 52-week low of Rs 103 on 24 June 2016.

The stock had underperformed the market over the past one month till 18 May 2017, rising 0.49% compared with 3.74% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 28.95% as against Sensex's 6.91% rise.

The small-cap company has equity capital of Rs 28.26 crore. Face value per share is Rs 2.

On a consolidated basis, V I P Industries' net profit rose 26.18% to Rs 83.86 crore on 4.89% increase in net sales to Rs 1272.33 crore in the year ended March 2017 over the year ended March 2016.

V I P Industries is engaged in the manufacturing of hard luggages and soft luggages.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 19 2017. 11:06 IST