V-Guard Ind Q1 net up 11%

V-Guard Industries Ltd clocked a net profit of Rs 12.34 crore in the three months to June 30, compared to Rs 11.08 crore in the same period of last year, a growth of 11 per cent. Its net sales rose to Rs 240.07 crore, showing an increase of 43 per cent, from Rs 168.21 crore. The company is planning a state-of-the-art facility for manufacture of solar water heater at the Sipcot industrial area at Perundurai in Erode district, at an estimated cost of Rs 8.50 crore.