Vesuvius India stock slips ~4% owing to Q4CY21 mixed show

25 Feb 2022 , 11:50 AM

Vesuvius India Ltd. announced its results for the quarter ended December 2021, and left the investors jumbled over its performance.

The company reported a 10.20% jump in its Sales at Rs257.33 crore for the quarter ended December 2021 as against Rs233.51 crore in the previous corresponding quarter.

Its net profit for the quarter ended December 2021 narrowed 19.09% to Rs13.14 crore as compared to Rs16.24 crore in the previous corresponding quarter.

For the CY21, the company’s profit jumped 28.28% to Rs68.05 crore as compared to Rs53.05 crore in the previous year.

Sales for the financial year ended December 2021 spiked 32.27% at Rs1,042.16 crore as compared to Rs787.31 crore in the previous financial year.

Vesuvius remains a focus stock today as it plunges 3.94% or Rs40.35 in today’s trade at Rs983.60 against its previous closing price of Rs1,023.95. So far, it touched day’s high and low of Rs998.30 and Rs954.15 respectively.

Vesuvius India is leading manufacturer of ceramic systems which control, protect and monitor liquid steel in the continuous casting process.