V Guard Industries Ltd.’s revenue in Q2FY23 rose 8.6% to ₹ 980.66 crores. Consolidated Profit After Tax came at ₹ 43.14 crores showcasing a 27% fall YoY over the corresponding period of the previous year.
In this quarter’s investor presentation, the management suggested that the firm has observed a fall in profits due to price reduction in Wires coupled with softness in demand in the latter part of the quarter. Along with that, all input cost have seen an inflationary increase in the recent times.