V-Guard’s Q1 FY 2023-24 Revenue grows by 19.3%; Profit after tax grows 20.3%  

V-Guard Industries Ltd., a leading Consumer Electricals and Electronics Company announced its unaudited financial results for the quarter ended June 30, 2023. 

Q1 FY 2023-24 highlights: 

  • Consolidated Net Revenue from operations for the quarter ended June 30, 2023 is Rs. 1214.76 crs; a growth of 19.3% over the revenue recorded in the corresponding period of the previous year (Rs. 1018.29 crs).   
  • Consolidated Profit After Tax for the quarter is Rs. 64.22 crs, a growth of 20.3% as against Rs. 53.37 crs recorded in corresponding period of the previous year.

Business Outlook:

Commenting on the company’s performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said “The business has delivered a strong topline growth in Q1.  The growth has been broadbased across all three segments.  While North region was somewhat impacted by unfavourable weather conditions, the other regions returned  a strong performance. Impact of softening in commodity prices has started reflecting in gross margins with gradual improvement over last few quarters. We expect further improvement to reflect in coming quarters.  Inventory levels have come back to normal and this has helped generate a strong cash flow. We look forward to the upcoming festive season and are hopeful to sustain the growth momentum during the quarters ahead.”

Latest

PM Modi Sheds Light on Ashok Gehlot’s Incompetence in Rajasthan

In a powerful address at a rally in Chittorgarh,...

Indo-US Talks Reveal Allegations of Canadian Extremist Elements

In recent discussions between India and the United States,...

Nobel Laureate Kailash Satyarthi calls for Global Compassion in Action 

Satyarthi urges Youth to hold candle of compassion to...

Immersive Sound Bliss: Noise Air Buds Pro SE TWS Earphones

Experience the joy of immersive sound with the Noise...

Newsletter

spot_img

Don't miss

PM Modi Sheds Light on Ashok Gehlot’s Incompetence in Rajasthan

In a powerful address at a rally in Chittorgarh,...

Indo-US Talks Reveal Allegations of Canadian Extremist Elements

In recent discussions between India and the United States,...

Nobel Laureate Kailash Satyarthi calls for Global Compassion in Action 

Satyarthi urges Youth to hold candle of compassion to...

Immersive Sound Bliss: Noise Air Buds Pro SE TWS Earphones

Experience the joy of immersive sound with the Noise...
spot_imgspot_img

Unwavering Unity: AAP’s Strong Stand for INDIA Bloc Amidst Turmoil

In the midst of turmoil and political discord, the Aam Aadmi Party (AAP) has reaffirmed its unwavering unity with the INDIA bloc.  Facing a bitter...

Raising the Bar: The Privileges Committee Takes a Stand Against Communal Slurs in Parliament

In a recent incident that stirred widespread condemnation across the nation, BJP MP Ramesh Bidhuri hurled communal slurs at Muslim MP Danish Ali during...

Crucial Decision Day: BJP’s Blueprint for Chhattisgarh and Rajasthan

The Bharatiya Janata Party (BJP) is gearing up for the upcoming assembly elections in Chhattisgarh and Rajasthan.  With the Central Election Committee meeting scheduled for...

Leave a Reply