V-Guard’s Net Profit for Q1 2019-20 increases by 54%

July 25, 2019 Praveen Business Comments Off on V-Guard’s Net Profit for Q1 2019-20 increases by 54%
V-Guard extends support towards fighting Covid-19 crisis

-Guard Industries Limited, India’s leading consumer electrical and electronics company, announced the unaudited financial results for the quarter ended June 30, 2019.

Q1 FY 20 highlights:

  • Consolidated Net Revenue from operations for the quarter ended June 30, 2019 was           Rs. 707 crores; an increase of 10% over previous year (Rs.642 crores).

  • Consolidated Profit After Tax for the quarter ended June 30, 2019 was Rs. 53 crores; Increase of 54% over the previous year (Rs.34.5 crores).

  • Electronics and Consumer Durables segments grew well during the quarter under review.

  • Adopted Ind AS 116 (Leases) from April 1, 2019.  The impact on Profit Before Tax is not material.

  • Non-South markets contributed 46% of Net Revenue for the quarter.

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