Electrical Equipment & Products company V-Guard Industries announced Q4FY24 results:
- Consolidated Net Revenue from operations for Q4FY24 is Rs 1,342.77 crore; a growth of 17.9% over the revenue recorded in corresponding period of the previous year (Rs 1,139.22 crore).
- Consolidated Profit After Tax for the quarter is Rs 76.17 crore, a growth of 44.5% as against Rs 52.72 crore recorded in corresponding period of the previous year.
- Consolidated Net Revenue from operations for Q4FY24 is Rs 4,856.67 crore; a growth of 17.7% over the revenue recorded in corresponding period of the previous year (Rs. 4,127.19 crore).
- Consolidated Profit After Tax for the year ended March 31, 2024 is Rs 257.58 crore, a growth of 36.2% as against Rs 189.05 crore in corresponding period of the previous year.
Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "The fourth quarter witnessed a good start to the summer season · with revival in demand. Electronics and consumer durables segments delivered strong growths. Sunflame also delivered robust growth for the quarter, leveraging on various strategic initiatives implemented over the last year.
Margins continue to improve. The battery and kitchen appliances factories which recently commenced commercial production are expected to deliver benefits during the coming year."