V-Guard is doing pretty well today morning, enthused by the very good performance it reported for Q4FY14. The stock which had closed on Friday at Rs.489.60, opened today morning at Rs.510, going on to hit an intra day high at Rs.549.90, with an over 3 times jump in volumes. Its 52-week high stands at Rs.570.

The company, which makes UPS, inverters, batteries, cables and switchgears and many other consumer goods, has posted a good set of numbers for Q4FY14. It ended the quarter with a 13% (YoY) rise in net sales at Rs.419 crore and a net profit of Rs.20 crore, up by 122%. This big spurt in the bottom line was mainly on account of efficient cost management as its total operating costs as a percentage of net sales for the quarter came down to 93% from 97% in previous Q4. This is despite the four times rise in tax outgo. It ended FY14 with a 11% rise in net profit at Rs.70 crore.

The company has stated that it has implemented new service delivery model by initiating a transformation in the customer service domain and also put in place an Oracle-based CRM. The new service delivery model has been introduced mainly in Kerala and it will be rolled out in other parts in FY15.