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V-Guard Industries Ltd Q1FY24; 2% fall in Profits

Founded in 1977, V-Guard Industries Ltd. (‘V-Guard’) is a reputed Indian company manufacturing innovative and experiential products in the categories of Electronics, Electricals and Consumer Durables. It has grown from being a brand synonymous with voltage stabilizers across South India, to a brand offering a wide array of thoughtfully engineered products to consumers across the length and breadth of the country. Underpinned by its continuous quest to enrich consumer lives and power a stronger tomorrow.

Financial Results:

V-Guard Industries Ltd reported Revenues for Q1FY24 of ₹1,148.00 Crores up from ₹1,010.00 Crore year on year, a rise of 13.66%.

Total Expenses for Q1FY24 of ₹1,087.00 Crores up from ₹943.00 Crores year on year, a rise of 15.27%.

Consolidated Net Profit of ₹53.00 Crores down 1.85% from ₹54.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.23, down 1.60% from ₹1.25 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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