Vakrangee freezes at 5% upper circuit as Q4 profit grows 4-fold YoY

Shares of Vakrangee were locked in the 5 per cent upper circuit band at Rs 29.7 on the BSE on Monday after its net profit jumped 383 per cent year-on-year (YoY) to Rs 31.16 crore in the March quarter of FY20, as against Rs 6.45 crore-profit in Q4FY19. In comparison, the benchmark S&P BSE Sensex was down 395 points, or 1 per cent, at 37,212 level at 10:55 am.

The specialty retail's revenue from operations stood at Rs 207.39 crore in Q4FY20, as against Rs 101.46 crore for the corresponding quarter last year, registering a growth of 104.32 per cent. Besides,