Electrical Products firm V-Guard Industries Announced Q1FY23 Result : Consolidated Net Revenue from operations for the quarter ended June 30, 2022 is Rs. 1,018.29 crs; a growth of 80% over a low base of revenue recorded in the corresponding period of the previous year (Rs. 565 .18 crs). Consolidated Profit After Tax for the quarter ended is Rs. 53.37 crs; PAT grew by 109% over corresponding period of the previous year (Rs.25.54 crs), which was impacted by the second wave of COVID -19 pandemic. All segments recorded strong revenue growth. Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "The business has delivered a robust performance during the quarter. Topline growth has been strong across all segments. The significant drop in copper prices during June affected Wires margins and this impact is likely to extend to some part of Q2. Costs of other key commodities have seen some reduction from their peaks, although they are stiff higher than long term averages. This has obviated the need for further price increases especially in Consumer Durables and we expect gross margins to recover to their normative levels in over the next 1-2 quarters." Result PDF
Electrical Equipment company V-Guard Industries announced Q4FY22 results: Q4FY22: Consolidated Net Revenue from operations for the quarter ended March 31, 2022 was Rs 1,058.21 crore; a growth of 23.7% compared to the corresponding period of the previous year (Rs 855.20 crore) Consolidated Profit After Tax for the quarter ended March 31, 2022 was Rs 89.58 crore; PAT grew by 31% over the corresponding period of the previous year (Rs 68.39 crore). Strong growth in Consumer durables and Electrical segments. Continuing volatility at a global level presents a challenging environment. The overall business has done well, barring margin pressures in specific categories. FY22: Consolidated Net Revenue from operations for the year ended March 31, 2022 was Rs 3,498.17 crore; a growth of 28.55% compared to the Net Revenue of the previous year (Rs 2,721.24 crore) Consolidated Profit After Tax for the year ended March 31, 2022 was Rs 228.44 crore; a growth of 13.15% over the previous year (Rs 201.89 crore). Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "The business has shown a very good performance during the quarter, with both South and non-South regions doing well. We were able to overcome supply chain challenges we faced in the earlier waves of Covid. Electrical and Durables categories have shown strong growth. Summer related products recovered from a slow start to the quarter to grow well in March. Commodity prices remain elevated in the context of on-going uncertainties at global level. We have continued to take pricing actions and some more actions will follow in the coming months". Result PDF
Commercial Services and Supplies company V-Guard Industries announced Q3FY22 results: Q3FY22: Consolidated Net Revenue from operations for the quarter ended December 31, 2021 was Rs. 967.38 crore; a growth of 16% compared to the corresponding period of previous year (Rs. 835.04 crore) Consolidated Profit After Tax for the quarter ended December 31, 2021 was Rs. 53.92 crore; PAT de-grew by 31 % over corresponding period of previous year (Rs.78.25 crore). Consumer durables and Kitchen appliances grew well. Hyper inflation in input costs has had some impact on gross margins FY 2021-22 YTD: Consolidated Net Revenue from operations for the 9 months ended December 31, 2021 was Rs. 2439 .97 crore; a growth of 31% compared to the corresponding period of previous year (Rs.1866.04 crore) Consolidated Profit After Tax for the 9 months ended December 31, 2021 was Rs. 138.86 crore; a growth of 4% over corresponding period of previous year (Rs.133.50 crore). Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "This quarter started with a good momentum; however, the growth muted towards the end of the quarter with start of third wave. The sharp increases in commodity prices have had some impact on gross margins. While we have taken pricing actions to offset a major part of the cost inflation, some more actions will follow in the ensuing months. " Result PDF