VST Industries soars on reporting 49% rise in Q4 net profit

VST Industries is currently trading at Rs. 1895.00, up by 114.20 points or 6.41% from its previous closing of Rs. 1780.80 on the BSE. The scrip opened at Rs. 1816.10 and has touched a high and low of Rs. 1924.90 and Rs. 1816.10 respectively. So far 5468 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1924.90 on 23-Apr-2014 and a 52 week low of Rs. 1400.00 on 20-Aug-2013. Last one week high and low of the scrip stood at Rs. 1924.90 and Rs. 1722.00 respectively. The current market cap of the company is Rs. 2912.27 crore. The promoters holding in the company stood at 32.16 % while Institutions and Non-Institutions held 26.52 % and 41.32 % respectively. VST Industries has reported results for fourth quarter and year ended March 31, 2014 The company has reported 49.37% rise in its net profit at Rs 51.89 crore for the quarter ended March 31, 2014 as compared to Rs 34.74 crore for the same quarter in the previous year. Total income from operations of the company has increased by 17.54% at Rs 189.08 crore for quarter under review as compared to Rs 160.86 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 18.93% in its net profit at Rs 150.15 crore as compared to Rs 126.25 crore for the same period in the previous year. Total income from operations of the company has surged by 18.02% at Rs 789.17 crore for year under review as compared to Rs 668.68 crore for the period ended March 31, 2013.