V-Guard’s Profit After Tax for second quarter of FY 2017-18 increases by 25%

V-Guard’s Profit After Tax for second quarter of FY 2017-18 increases by 25%

India’s leading consumer electrical and electronics company, V-Guard Industries Ltd., announced its results for the quarter ended September 30, 2017.

Highlights:

·           Net Revenue from operations for the Quarter ended September 30, 2017 was Rs. 559.92 crores; an increase of 15% over corresponding period of previous year (Rs.485.75 crores)

·           Profit After Tax for the Quarter ended September 30, 2017 was Rs.49.50 crores;  an increase of 25% over corresponding period of previous year (Rs.37.19 crores)

·           Net Revenue from operations for the half year ended September 30, 2017 was Rs. 1,129.00 crores; an increase of 8% over corresponding period of previous year (Rs.1,046.64 crores)

·           Profit After Tax for the half year ended September 30, 2017 was Rs.69.75 crores;  a decrease of 13% over corresponding period of previous year (Rs.80.20 crores)

Business Outlook:

Commenting on the company’s performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said “We have been able to partly recover the sales loss due to GST in the first quarter”. He said that outlook remains cautiously positive and that the company expects to perform in line with expectations in the coming quarter.

 Key developments

·      Roll out of “salesforce.com” sales force automation tool pan India which enhances field force productivity.

·      Initiated second phase of project ‘Udaan’ which focuses on development of broader Supply Chain capability. 

For media contact 

Swarna Viswanathan

Manager swarna.viswanathan@mslgroup.com

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