Vardhman Textiles shares gained as much as 14.36 per cent on Wednesday after the company on Monday (after market hours) reported 73.22 per cent year-on-year rise in its consolidated net profit figures to Rs 147.95 crore for the quarter ended December 2015. The company earned Rs 85.41 crore in the corresponding quarter a year ago.
At 12.06 pm, shares of Vardhman Textiles were trading 5.51 per cent up at Rs 756. The scrip opened at Rs 764.90 and had touched a high and low of Rs 819.45 and Rs 753.40, respectively, in trade so far. Later, the share price of the company closed 0.48 per cent up at Rs 720.
Operating profit of the company jumped 20.50 per cent year-on-year to Rs 350.92 crore for the quarter ended December 2015. Gross sales of the company jumped 0.76 per cent year-on-year to Rs 1710.10 crore.
In the past one year, the share price of Vardhman Textiles gained nearly 51 per cent to Rs 716.55 crore till January 25. On the other hand, BSE Sensex fell 16 per cent during the same period.
The promoters holding in the company stood at 61.92 per cent while public held 38.08 per cent.