V-Guard Industries today reported a 25 per cent increase in its net profit at Rs 46.49 crore for the quarter to September.
The corresponding figure during the same period of the previous fiscal is Rs 37.18 crore, V-Guard Industries said in a BSE filing.
Net sales during the quarter under review was up 15.26 per cent at Rs 559.91 crore as against Rs 485.75 crore in the year-ago period.
"We have been able to partly recover the sales loss due to GST," V-Guard Industries Managing Director Mithun K Chittilappilly said.
On outlook, he said the company expects to perform in line with expectations in the coming quarter and the outlook remains cautiously positive.
The stock was trading 4.49 per cent up at Rs 206 on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
