Conference Call with V-Guard Industries Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Q2 FY 2021-22 highlights: Consolidated Net Revenue from operations for the quarter ended September 30, 2021 was Rs. 907.40 crs; a growth of 46% compared to the corresponding period of previous year (Rs. 623 crs) Consolidated Profit After Tax for the quarter ended September 30, 2021 was Rs. 59.40 crs; a growth of 15% over corresponding period of previous year (Rs.51.62 crs). Sharp increases in input costs have had some impact on gross margins. HJ FY 2021-22 Highlights: Consolidated Net Revenue from operations for the 6 months ended September 30, 2021 was Rs. 1472.59 crs; a growth of 43% compared to the corresponding period of previous year (Rs. 1031 crs) Consolidated Profit After Tax for the 6 months ended September 30, 2021 was Rs. 84.94 crs; a growth of 54% over corresponding period of previous year (Rs.55.26 crs). Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "This quarter saw a recovery from the impact of the 2nd wave of Covid-19 in the first quarter of this year during which the South and East regions were more affected. The sharp increase in input costs has 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