Other electrical equipment/products company V-Guard Industries announced consolidated Q1FY24 results: Net revenue from operations for Q1FY24 is Rs 1,214.76 crore, a growth of 19.3% over the revenue recorded in Q1FY23 of Rs 1,018.29 crore. Profit after tax for Q1FY24 is Rs 64.22 crore, a growth of 20.3% as against Rs 53.37 crore recorded in Q1FY23. Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries, said, "The business has delivered a strong topline growth in Q1. The growth has been broad-based across all three segments. While the North region was somewhat impacted by unfavourable weather conditions, the other regions returned a strong performance. The impact of softening in commodity prices has started reflecting in gross margins with gradual improvement over the last few quarters. We expect further improvement to reflect in coming quarters. Inventory levels have come back to normal and this has helped generate a strong cash flow. We look forward to the upcoming festive season and are hopeful to sustain the growth momentum during the quarters ahead." Result PDF