Q1 fizz takes VIP Industries to new life high
The stock hit its new all-time high of Rs 527 at one point.
By ETMarkets.com | Updated:
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VIP Industries stock was on top of a new peak on Friday, propelled by a solid set of June quarterly numbers.
The stock hit its new all-time high of Rs 532.20 at one point.
The company reported 58.25 per cent year-on-year (YoY) rise in net profit at Rs 59.85 crore for the first quarter ended June. It had posted a net profit of Rs 37.82 crore in the corresponding quarter last year.
Total revenue jumped 27.15 per cent YoY to Rs 520.08 crore for the quarter under review against Rs 409.02 crore a year before.
The scrip was 7.45 per cent up at Rs 526 at around 12.05 pm. The benchmark BSE Sensex was up 261 points, or 0.71 per cent, at 37,430 at around the same time.
The stock hit its new all-time high of Rs 532.20 at one point.
The company reported 58.25 per cent year-on-year (YoY) rise in net profit at Rs 59.85 crore for the first quarter ended June. It had posted a net profit of Rs 37.82 crore in the corresponding quarter last year.
Total revenue jumped 27.15 per cent YoY to Rs 520.08 crore for the quarter under review against Rs 409.02 crore a year before.
The scrip was 7.45 per cent up at Rs 526 at around 12.05 pm. The benchmark BSE Sensex was up 261 points, or 0.71 per cent, at 37,430 at around the same time.
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