V-Guard Q2 net profit surges 71 pc to Rs 111.67 cr

New Delhi, October 28 (PTI) Electrical goods manufacturer V-Guard Industries Ltd on Thursday reported a 71 per cent increase in its consolidated net profit to Rs 111.67 crore for the September quarter of FY27.

     It had posted a net profit of Rs 65.29 crore in the July-September period last fiscal, according to a regulatory filing.

     V-Guard's revenue from operations stood at Rs 1,852.89 crore, up 38.18 per cent YoY, in the September quarter, compared to Rs 1,340.92 crore in the corresponding period a year ago.

     Total expenses of V-Guard in the September quarter increased 36.17 per cent to Rs 1,716.80 crore.

     Commenting on the performance, Managing Director Mithun K Chittilappilly said, “The business delivered another quarter of robust and consistent performance with all segments delivering strong growth, which was a combination of both price and healthy volume growth for most of the categories.

     “The growth was driven by inherent resilience of the business, right focus and supportive market conditions,” he said.

     Its revenue from the Electronics segment was at Rs 510.24 crore, up 60 per cent. Similarly, revenue from Electricals rose 41.16 per cent to Rs 794.25 crore.

     V-Guard’s revenue from Consumer Durables also jumped 20 per cent to Rs 475.22 crore. Its revenue from the Sunflame business was at Rs 76.08 crore, down 20.5 per cent.

     V-Guard's total income stood at Rs 1,866.54 crore, up 38.69 per cent, in the quarter under review.

     In the first half (H1) of FY27, total income of the Kerala-based company grew 30.9 per cent to Rs 3,688.87 crore.

     Shares of V-Guard Industries Ltd on Thursday settled at Rs 285.15 apiece, up 7.62 per cent, on the BSE.

(This story has not been edited by THE WEEK and is auto-generated from PTI)