Electronic equipment manufacturing company V-Guard Industries announced Q2FY23 results: Consolidated Net Revenue from operations for the quarter ended September 30, 2022 is Rs. 986.14 crore; a growth of 8.7% over the revenue recorded in the corresponding period of the previous year (Rs. 907.40 crore). Consolidated Profit After Tax for the quarter is Rs. 43.66 crore as against Rs.59.40 crore in corresponding period of the previous year Mr. Mithun. K. Chittilappilly, Managing Director, VGuard Industries Ltd said "Turnover in Q2 grew 8.7% on a high base, recording a CAGR of 16.5% over the last three years. Durables segment witnessed a strong growth. Margins for the quarter were impacted by safe of higher cost Wires inventory at relatively lower realizations due to fall in copper prices. Even in the other categories, input costs remain significantly higher than long term averages, despite some reduction seen in the last few months. We should see margins returning to pre-Covid levels over the next two quarters." Result PDF