V-Guard Industries

The Managing Director of V-Guard Industries, a manufacturer of electrical and home appliances, has been fined by the Registrar of Companies (RoC) over violation of rules and regulations related to retirement and appointment of directors on the board. The RoC Ernakulam has imposed a penalty of Rs 2.03 lakh on V-Guard Industries Managing Director M K Chittilappilly for violation of Section 152(6) of the Companies Act over an application filed by the company suo moto. "The Managing Director has received an Adjudication order from RoC, Kerala imposing penalty under Section 159 of the Act for default under Section 152(6) of the Act," the company said in a regulatory filing. Section 152 (6) of the Companies Act governs the appointment and retirement of directors in Indian companies. It mandates the retirement of all directors at Annual General Meetings (AGMs). One-third of rotational directors should retire each year, but the number may vary depending on the total directors' count. Howe

V-Guard Industries on Wednesday reported 54.11 per cent increase in consolidated net profit at Rs 98.97 crore for June quarter FY25 helped by improvement in margins with softening commodity prices and cost-effective initiatives. The electrical goods manufacturer had clocked a net profit of Rs 64.22 crore in April-June FY24, according to a regulatory filing. Revenue from operations rose to Rs 1,477.10 crore during the period under review from Rs 1,214.76 crore in the corresponding period a year ago. Total expenses were up 18.5 per cent to Rs 1,351.65 crore. Total income was higher by 21 per cent at Rs 1,484.01 crore in June quarter. "The business has delivered strong topline growth in electronics and consumer durables segments led by strong demand for summer products," Managing Director Mithun K Chittilappilly said. However, the wires segment, which is the largest category under the electricals segment was impacted by trade de-stocking due to the softening of copper prices in ...

V-Guard's revenue rose by 17.9% to Rs 1,343 crore, driven primarily by the company's core electrical segment, which rose 10.7%

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Consolidated net profit rose 48% to 582.4 million rupees ($7 million) in the quarter ended Dec. 31 from a year earlier. Analysts, on average, had expected a profit of 555.1 million rupees

The company's consolidated profit after tax for the six months ended September 30 stood at Rs 123.17 crore, a growth of 26.9 per cent, as against Rs 97.03 crore reported last year

Electrical goods manufacturer V-Guard Industries Ltd on Tuesday reported a 41.14 per cent decline in consolidated net profit to Rs 52.72 crore for the fourth quarter ended March 2023. It had posted a net profit of Rs 89.57 crore in the January-March period last fiscal, V-Guard Industries said in a regulatory filing. However, its revenue from operations rose 7.64 per cent to Rs 1,140.14 crore during the period under review. It was Rs 1,059.16 crore in the corresponding period a year ago. "The PAT in the base period was higher due to tax reversal on account of migration to the new tax regime," said V-Guard in its earning statement. V-Guard's total expenses increased 11.31 per cent to Rs 1,070.70 crore in the fourth quarter of FY23. "South markets witnessed a YoY decline of 3.3 per cent whereas Non-South markets witnessed YoY growth of 9.7 per cent in Q4 FY23," said V-Guard. Its Non-South markets contributed to 45.7 per cent of total revenues in Q4 FY23 compared to 42.6 per cent in

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According to Mehul Kothari of Anand Rathi, traders can accumulate V-Guard Industries share in the range of 222 - 218 with a stop loss of 210 for an upside target of 236 in coming 1 - 2 weeks.

The company's revenue from operations during January-March 2021 jumped 58.04 per cent YoY to Rs 855.19 crore

V-Guard Industries Ltd on Wednesday reported a nearly 77 per cent increase in consolidated net profit at Rs 78.24 crore in the third quarter ended December 2020. It had posted a net profit of Rs 44.24 crore in the October-December quarter last fiscal,V-Guard Industries said in a regulatory filing. Revenue from operations rose 32.15 per cent to Rs 835.03 crore during the period under review. The same was at Rs 631.88 crore in the year-ago period. V-Guard Industries Managing Director Mithun K Chittilappilly said that improved consumer sentiment, festive season and share gain from the unorganised sector have driven growth during the quarter. "The sharp increase in commodity prices led to a slight drop in gross margins," he added. V-Guard's total expenses stood at Rs 730.49 crore in the latest December quarter. Shares of the company closed flat at Rs 240.75 on the BSE.

The company, which started 40 years ago with a mere Rs 100,000, now has products ranging from food mixers to fans

Thus far in 2017, the stock appreciated 61% as compared to 9% rise in Sensex.

The stock surged 8% to Rs 208 on the BSE in early morning trade in otherwise weak market.

The stock hit new high of Rs 199, more than doubled from Rs 95 on December 31, 2015, against 8% rise in Sensex.

The stock hit a record high of Rs 1,848, appreciated more than 100% from Rs 798, in past six-months.

Shares of the company were trading 5.05% up at Rs 1,563 per scrip on BSE

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