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V-Guard Industries falls despite reporting 44% rise in Q4 consolidated net profit
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V-Guard Industries is currently trading at Rs. 373.50, down by 0.40 points or 0.11% from its previous closing of Rs. 373.90 on the BSE.
The scrip opened at Rs. 377.75 and has touched a high and low of Rs. 377.75 and Rs. 367.25 respectively. So far 23068 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 378.00 on 15-May-2024 and a 52 week low of Rs. 240.05 on 31-May-2023.
Last one week high and low of the scrip stood at Rs. 378.00 and Rs. 348.10 respectively. The current market cap of the company is Rs. 16009.30 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 33.52% and 12.00% respectively.
V-Guard Industries has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 70.88% rise in its net profit at Rs 79.17 crore for the quarter under review as compared to Rs 46.33 crore for the same quarter in the previous year. Total income of the company increased by 18.86% at Rs 1,286.60 crore for Q4FY24 as compared Rs 1,082.48 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 44.48% rise in its net profit at Rs 76.17 crore for fourth quarter ended March 31, 2024 as compared to Rs 52.72 crore for the same quarter in the previous year.Total income of the company increased by 18.86% at Rs 1,286.60 crore for Q4FY24 as compared Rs 1,082.48 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 44.48% rise in its net profit at Rs 76.17 crore for fourth quarter ended March 31, 2024 as compared to Rs 52.72 crore for the same quarter in the previous year. Total income of the company increased by 17.88% at Rs 1,347.66 crore for Q4FY24 as compared Rs 1,143.29 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 28.77% rise in its net profit at Rs 230.91 crore as compared to Rs 179.32 crore for the previous year. Total income of the company increased by 13.42% at Rs 4,611.27 crore for year under review as compared to Rs 4,065.51 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 36.25% rise in its net profit at Rs 257.58 crore as compared to Rs 189.05 crore for the previous year. Total income of the company increased by 18.04% at Rs 4,890.70 crore for year under review as compared to Rs 4,143.42 crore for year ended March 31, 2023.
