Vakrangee rises on reporting 91% growth in Q2 consolidated net profit

17 Nov 2014
Vakrangee is currently trading at Rs. 136.80, up by 1.25 points or 0.92% from its previous closing of Rs. 135.55 on the BSE.

The scrip opened at Rs. 136.00 and has touched a high and low of Rs. 137.50 and Rs. 134.70 respectively. So far 61634 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 145.60 on 23-Jul-2014 and a 52 week low of Rs. 78.80 on 20-Dec-2013.

Last one week high and low of the scrip stood at Rs. 139.90 and Rs. 123.30 respectively. The current market cap of the company is Rs. 6892.67 crore.

The promoters holding in the company stood at 38.77% while Institutions and Non-Institutions held 9.53% and 51.71% respectively.

Vakrangee has posted a rise of 82.31% in its net at Rs 79.78 crore for the quarter ended September 30, 2014 as compared to Rs 43.76 crore for the same quarter in the previous year. Total income has increased by 62.52% at Rs 701.10 crore for quarter under review as compared to Rs 431.38 crore for the quarter ended September 30, 2013.

On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review registered 91.33% growth at Rs 80.07 crore against Rs 41.85 crore in the September quarter of previous fiscal. The company’s total income has increased by 65.40% at Rs 700.65 crore for the quarter from Rs 423.62 crore in the similar quarter of previous year.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323