Vakrangee disclosed a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 2.31 times to Rs 763.09 million from Rs 330.91 million in the same quarter previous year.
Net sales for the quarter jumped 69.39% to Rs 6,808.67 million, compared with Rs 4,020 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.50, registering 2.31 times growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 6,808.67 | 4,019.51 | 69.39 |
| Net Profit | 763.09 | 330.91 | 130.61 |
| Basic EPS | 1.50 | 0.65 | 130.77 |
Shares of the company gained Rs 2.25, or 1.66%, to trade at Rs 137.55. The total volume of shares traded was 182,978 at the BSE (12.27 p.m., Thursday).
