V-Guard Industries Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 30, 2017 at 11:08 am
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V-Guard Industries Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 4,571.338 million against INR 4,141.534 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 343.891 million against INR 307.877 million a year ago. Profit from ordinary activities before tax was INR 372.316 million against INR 311.332 million a year ago. Net profit for the period was INR 279.596 million against INR 241.832 million a year ago. Diluted earnings per share were INR 0.91 against INR 0.71 a year ago.
For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 15,202.356 million against INR 13,397.048 million a year ago. Profit from operations before other income, finance costs, and exceptional items was INR 1,436.508 million against INR 1,030.316 million a year ago. Profit from ordinary activities before tax was INR 1,522.771 million against INR 1,004.784 million a year ago. Net profit for the period was INR 1,099.422 million against INR 697.069 million a year ago. Diluted earnings per share were INR 3.60 against INR 2.30 a year ago.
V-Guard Industries Limited is an India-based company, which is engaged in manufacturing, trading, and selling electronic products. The Company operates through four segments: Electronics, Electricals, Consumer Durables, and Sunflame. Electronics include stabilizers, digital uninterruptible power supply (UPS) and solar inverters. Electricals include Polyvinyl Chloride (PVC) insulated cables, switch gears, pumps, and modular switches. Consumer Durables include electric water heaters, solar water heaters, fans, kitchen appliances and air coolers. Sunflame includes products sold under the trademark Sunflame and Superflame. Sunflame brand has a rich legacy in the kitchen and small domestic appliances industry and its portfolio includes chimneys, cooktops, cookers, and other small appliances. Its products include voltage stabilizers, inverters, inverter batteries and solar power systems, electric, solar and heat pumps, water heaters, wires and cables, fans, kitchen appliances, and others.