Electrical Equipment company V-Guard Industries announced Q1FY25 results: Consolidated Net Revenue from operations for the quarter ended June 30, 2024 is Rs 1,477.10 crore; a growth of 21.6 % over the revenue recorded in corresponding period of the previous year (Rs 1,214.76 crore). Consolidated Profit After Tax for the quarter is Rs 98.97 crore, a growth of 54.1 % as against Rs 64.22 crore recorded in corresponding period of the previous year. Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries said "The business has delivered strong topline growths in electronics and consumer durables segments led by strong demand for summer products. Wires which is the largest category under the electricals segment was impacted by trade de-stocking due to the softening of copper prices in June. Overall, we witnessed a good performance by all our regions, with the contribution from non-South markets to total revenue exceeding 50% during the quarter. Gross margins continue to improve with benefit of softening commodity prices and various pricing and cost effectiveness initiatives flowing through. We continue to deliver robust cash flows through effective management of working capital. The year has started well and we are optimistic about delivering a good performance in coming quarters" Result PDF
Electrical Equipment & Products company V-Guard Industries announced Q4FY24 results: Consolidated Net Revenue from operations for Q4FY24 is Rs 1,342.77 crore; a growth of 17.9% over the revenue recorded in corresponding period of the previous year (Rs 1,139.22 crore). Consolidated Profit After Tax for the quarter is Rs 76.17 crore, a growth of 44.5% as against Rs 52.72 crore recorded in corresponding period of the previous year. Consolidated Net Revenue from operations for Q4FY24 is Rs 4,856.67 crore; a growth of 17.7% over the revenue recorded in corresponding period of the previous year (Rs. 4,127.19 crore). Consolidated Profit After Tax for the year ended March 31, 2024 is Rs 257.58 crore, a growth of 36.2% as against Rs 189.05 crore in corresponding period of the previous year. Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "The fourth quarter witnessed a good start to the summer season · with revival in demand. Electronics and consumer durables segments delivered strong growths. Sunflame also delivered robust growth for the quarter, leveraging on various strategic initiatives implemented over the last year. Margins continue to improve. The battery and kitchen appliances factories which recently commenced commercial production are expected to deliver benefits during the coming year." Result PDF
Electrical Equipment/Products company V-Guard Industries announced Q3FY24 & 9MFY24 results: Consolidated Net Revenue from operations for Q3FY24 is Rs 1,165.39 crore; a growth of 18.6% over the revenue recorded in the corresponding period of the previous year (Rs 982.28 crore). Consolidated Profit After Tax for Q3FY24 is Rs 58.24 crore, a growth of 48.3% against Rs 39.28 crore recorded in the corresponding period of the previous year. Consolidated Net Revenue from operations for 9MFY24 is Rs 3,513.90 crore; a growth of 17.6% over the revenue recorded in the corresponding period of the previous year (Rs 2,987.97 crore). Consolidated Profit After Tax for 9MFY24 is Rs 181.41 crore, a growth of 33.1% against Rs 136.32 crore in the corresponding period of the previous year. Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries said, "While consumer demand for categories like consumer durables remained soft for most of the quarter, we saw some revival towards the end. We are also seeing good traction in the electronics segment which continues to deliver good topline growth. With the upcoming summer season and indications of demand revival, we expect to deliver strong topline growth in the coming quarter." Result PDF