V-Guard’s net profit for Q4 2018-19 increases by 115 percent

V-Guard Industries has announced its audited results for the quarter and year ended March 31, 2019. Consolidated net revenue from operations for the year ended March 31, 2019 was Rs 2594.44 crore; an increase of 11 percent over previous year (Rs 2335.26 crore). Consolidated profit after tax for the year ended March 31, 2019 was Rs 167.23 crore; increase of 24.6 percent over the previous year (Rs 134.26 crore). Standalone net revenue from operations for the quarter ended March 31, 2018 was Rs 739.69 crore; an increase of 12 percent over corresponding period of previous year (Rs 658.61 crore). Standalone profit after tax for the quarter ended March 31, 2019 was Rs 59.24 crore; increase of 115 percent over corresponding period of previous year (Rs 27.58 crore).

The Board has recommended dividend of 80 paise (80%) per equity share for the financial year 2018-19. Wires, modular switches and switch gear, and Kitchen appliances grew well during the last quarter of the financial year.  Modular switches were launched in some of the non-south markets during the last quarter of the financial year; air coolers were rolled out to more South and Non-South markets.

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