Vaibhav Global rallies 6% on surge in June quarter profit

Following the development, the stock rose 5.93 per cent to hit a high of Rs 600 on BSE. The stock has risen 1000 per cent in last five years. NEW DELHI: Shares of Vaibhav Global rose 6 per cent in Friday’s session after the company reported 37 per cent jump in consolidated net profit for June quarter.

Net profit of Vaibhav Global rose 37.12 per cent to Rs 15.07 crore for the quarter, compared with Rs 10.99 crore in the year-ago quarter. Sales for the quarter rose 5.16 per cent to Rs 329.65 crore, compared with Rs 313.48 crore in the corresponding quarter of last year.

Following the development, the stock rose 5.93 per cent to hit a high of Rs 600 on BSE. The stock has risen 1000 per cent in last five years.

On standalone basis, the company reported a 129.28 per cent surge in net profit at Rs 7.91 crore for the quarter, comapred with Rs 3.45 crore profit in the same quarter of last year. Standalone sales for the company was down 0.69 per cent at Rs 105.66 in the quarter, compared with Rs 106.39 crore in the year-ago quarter.

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