Vardhman Textiles shares surged over 8 per cent on Monday after the company reported 45.91 per cent rise in its consolidated net profit figures at Rs 159.44 crore for the fourth quarter ended March 2016. It has reported net profit of Rs 109.27 crore in the same quarter last year.
However, the company’s consolidated gross sales fell marginally 0.56 per cent year-on-year (yoy) to Rs 1,651.08 crore.
On a standalone basis, net profit of Vardhman Textile soared 141.12 per cent yoy to Rs 217.49 crore for the quarter under review against Rs 90.20 crore in the corresponding quarter last year.
Shares of Vardhman Textiles settled 8.25 per cent up at Rs 1002.20. The scrip opened the day at Rs 930 and touched a high and low of Rs 1028 and Rs 928.30, respectively, in trade. Sensex closed 460.36 points up at 25,688.86