{"id":178350,"date":"2026-01-29T07:06:54","date_gmt":"2026-01-29T12:06:54","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178350"},"modified":"2026-01-29T07:06:57","modified_gmt":"2026-01-29T12:06:57","slug":"v-guard-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/v-guard-q3-fy26-earnings-results\/","title":{"rendered":"V Guard Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Founded in 1977, V-Guard Industries Ltd. (\u2018V-Guard\u2019) 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.<\/p>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b91,404 cr, up 10.6% YoY vs \u20b91,269 cr, up 4.8% QoQ vs \u20b91,341 cr; driven by 26% YoY growth in electricals (\u20b9602 cr) and 5% in consumer durables (\u20b9444 cr), offset by Sunflame dip (\u221210% YoY); South India +20% YoY, non-South +3% (44.6% share).<\/li>\n\n\n\n<li>EBITDA: \u20b9129 cr, up 21% YoY, margin 8.8% (+60 bps YoY, +60 bps QoQ); gross margin 35.9%; efficiencies countered commodity inflation.<\/li>\n\n\n\n<li>PAT: \u20b957 cr, down 5% YoY vs \u20b960 cr (\u22125% YoY) due to one-time \u20b934 cr Labour Code provision (exceptional); underlying PAT up 22% YoY; EPS \u20b91.30 (\u22125% YoY); 9M revenue \u20b94,211 cr (+4% YoY), PAT \u20b9196 cr (\u221212% YoY).<\/li>\n\n\n\n<li>Other key metrics: 9M CFO \u20b9457 cr, net cash \u20b9294 cr; electricals double-digit, summer categories muted but offset by others; Non-South markets growing steadily.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/d12e6039-8eca-482e-b65c-649eb0bb81ba.pdf\" target=\"_blank\" rel=\"noopener\">Double-digit revenue growth<\/a> led by electricals amid commodity inflation; underlying profitability strong despite one-time Labour Code hit; optimistic for summer season.<\/li>\n\n\n\n<li>Strategic moves: Reappointed Prof. Biju Varkkey (Ind Dir) for 5 yrs; Dr. Reena Agrawal as Additional Ind Dir; channel expansion, product premiumisation focus.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110-839x1024.png\" alt=\"\" class=\"wp-image-178352\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b91,341 cr, +3.6% YoY vs \u20b91,294 cr, \u22128.5% QoQ vs \u20b91,466 cr; H1 +4% YoY.<\/li>\n\n\n\n<li>EBITDA: \u20b9109 cr (\u221212% QoQ), margin 8.2%; gross margin 37.6% (+140 bps YoY).<\/li>\n\n\n\n<li>PAT: \u20b965 cr (+3% YoY vs \u20b963 cr, \u221212% QoQ vs \u20b974 cr); PAT margin 4.9% (\u22123 bps YoY); standalone PAT \u20b966 cr (+26% YoY).<\/li>\n\n\n\n<li>Other key metrics: H1 revenue \u20b92,807 cr (+4% YoY); expenses \u20b91,232 cr (\u22128% QoQ).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Steady growth with margin resilience; cost control amid volume challenges.<\/li>\n\n\n\n<li>Strategic moves: Distribution strengthening; summer optimism.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founded in 1977, V-Guard Industries Ltd. (\u2018V-Guard\u2019) 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 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":178352,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5746],"tags":[10512],"class_list":["post-178350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-energy-stocks","tag-consumer-durables"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":169551,"url":"https:\/\/alphastreet.com\/india\/v-guard-industries-ltd-q1-fy26-earnings-results-25-fall-in-profits\/","url_meta":{"origin":178350,"position":0},"title":"V-Guard Industries Ltd Q1 FY26 Earnings Results &#8211; 25% fall in Profits","author":"Chirag Gupta","date":"July 30, 2025","format":false,"excerpt":"Founded in 1977, V-Guard Industries Ltd. 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Q3 FY26 Earnings Results Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":178532,"url":"https:\/\/alphastreet.com\/india\/voltas-q3-fy26-earnings-results\/","url_meta":{"origin":178350,"position":2},"title":"Voltas Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. 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