V-Guard Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 03:24 am EST
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V-Guard Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 11,653.9 million compared to INR 9,822.8 million a year ago. Revenue was INR 11,685.8 million compared to INR 9,873 million a year ago. Net income was INR 582.4 million compared to INR 392.8 million a year ago. Basic earnings per share from continuing operations was INR 1.33 compared to INR 0.91 a year ago. Diluted earnings per share from continuing operations was INR 1.33 compared to INR 0.9 a year ago.
For the nine months, sales was INR 35,139 million compared to INR 29,879.7 million a year ago. Revenue was INR 35,430.4 million compared to INR 30,001.3 million a year ago. Net income was INR 1,814.1 million compared to INR 1,363.9 million a year ago. Basic earnings per share from continuing operations was INR 4.15 compared to INR 3.16 a year ago. Diluted earnings per share from continuing operations was INR 4.14 compared to INR 3.13 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.