V-Guard's Net Revenue For Q3 FY 2018-19 Increases By 12%
India's leading consumer electrical and electronics company, V-Guard Industries Limited, announced its results for the quarter ended December 31, 2018.
♦ Net Revenue from operations for the quarter ended December 31, 2018, stood at Rs.594.27 crores;
The growth of 12% compared to Rs.529.68 crores in the same period of the previous year.
♦ Profit After Tax for the quarter under review was Rs.33. 70 crores; Lower by 5% compared to Rs.35.44
crores in the same period of previous year.
♦ Growth driven by Stabilizer; Digital UPS, Water Heater and Fan.
Commenting on the company's performance, Mr Mithun K Chittilappilly, Managing Director, V-Guard Industries Ltd said "Volatility in commodity prices and currency exchange rate impacted the margins during the period under review. We are taking various actions to improve the margins in the coming quarter. We continue to make good progress in the Non-South markets”.