V-Guard Industries Ltd News
V-Guard Q2FY25 results: Net profit increases 7.5% to Rs 63.39 crore
The company's consolidated net revenue from operations for the quarter ended September 30 this year was Rs 1,293.99 crore, marking a growth of 14.1%
 "V-Guard Q2FY25 results: Net profit increases 7.5% to Rs 63.39 crore")
V-Guard Q2 results: PAT grows 17.7% to Rs 69.4 cr, revenue at Rs 1,294 cr
Electrical goods manufacturer V-Guard Industries Ltd on Tuesday reported a 17.7 per cent rise in consolidated net profit to Rs 69.39 crore in the September quarter. It posted a net profit of Rs 58.95 crore in the July-September period last fiscal, according to a regulatory filing. The company's revenue from operations rose 14.13 per cent to Rs 1,293.99 crore during the period under review. It was Rs 1,133.75 crore in the corresponding period a year ago. Total expenses of V-Guard in the September quarter were up 13.36 per cent to Rs 1,213.42 crore. Its total income, which includes other incomes, was up 13.07 per cent at Rs 1,298.04 crore in the September quarter. Its Managing Director Mithun K Chittilappilly said the business has delivered healthy topline growth during the quarter led by the electronics segment. "Gross margins continue to improve aided by a higher share of in-house manufacturing, cost-saving initiatives and gradual shift towards a premium portfolio. Margins for wi
 "V-Guard Q2 results: PAT grows 17.7% to Rs 69.4 cr, revenue at Rs 1,294 cr")
RoC fines V-Guard MD over appointment, retirement related rules violation
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 Q1 results: Net profit up 54.11% to Rs 99 cr on improved margins
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 Q1 results: Net profit up 54.11% to Rs 99 cr on improved margins")
