V-Guard Industries Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2013
January 20, 2014 at 08:03 am
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V-Guard Industries Limited reported unaudited earnings results for the third quarter and nine months ended Dec. 31, 2013. For the quarter, the company reported net sales /income from operations (net of excise duty) of INR 3,499.66 million compared to INR 3,481.05 million a year ago. Profit from operations before other income interest and exceptional items was INR 259.758 million compared to INR 228.45 million a year ago. Profit from ordinary activities before tax was INR 217.824 million against INR 193.68 million a year ago. Net profit was INR 175.296 million or INR 5.87 per diluted share compared to net profit of INR 153.52 million or INR 5.14 per diluted share a year ago.
For the nine months, the company reported net sales /income from operations (net of excise duty) of INR 10,871.46 million compared to INR 9,771.36 million a year ago. Profit from operations before other income interest and exceptional items was INR 782.52 million compared to INR 814.514 million a year ago. Profit from ordinary activities before tax was INR 659.88 million against INR 708.45 million a year ago. Net profit was INR 496.57 million or INR 16.61 per diluted share compared to net profit of INR 539.77 million or INR 18.08 per diluted share 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.