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VTM spurts despite reporting 51% fall in Q3 net profit

23 Jan 2014

VTM is currently trading at Rs. 16.50, up by 0.25 points or 1.54 % from its previous closing of Rs. 16.25 on the BSE.

The scrip opened at Rs. 15.50 and has touched a high and low of Rs. 17.00 and Rs. 15.50 respectively. So far 1516 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 18.95 on 08-Mar-2013 and a 52 week low of Rs. 13.50 on 08-Aug-2013.

Last one week high and low of the scrip stood at Rs. 16.80 and Rs. 15.30 respectively. The current market cap of the company is Rs. 66.38 crore.

The promoters holding in the company stood at 75.00 % while Non-Institutions held 25.00% of company’s stake.

VTM has reported 51.46% fall in its net profit at Rs 1.82 crore for third quarter ended December 31, compared to Rs 3.75 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 30.18% at Rs 45.33 crore for quarter under review as compared to Rs 34.82 crore for the quarter ended December 31, 2012.

VTM was incorporated in 1947. The company's plant is located in Virudhunagar. Even though it is not designated as an export-oriented mill, 90-93% of the production is exported. The company is a well-established group with unique capabilities that allow it to cater to exotic constructions in weaving. It has also expanded its capabilities to include special weaves and combinations.

VTM Share Price

36.85 -0.10 (-0.27%) Dec 07, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323