V-Guard Industries Ltd Q4 FY20 consolidated PAT drops to Rs. 32.18 crore

V-GUARD INDUSTRIES LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.546.16 crores during the period ended March 31, 2020 as compared to Rs.3.38 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.32.18 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.43.83 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.74 for the period ended March 31, 2020 as compared to Rs.1.01 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 546.16 crs	₹ 3.38 crs	16058.58%
Net Profit	₹ 32.18 crs	₹ 43.83 crs	-26.58%
EPS	₹ 0.74	₹ 1.01	-26.73%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.546.16 crores during the period ended March 31, 2020 as compared to Rs.2.71 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.32.18 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.60.84 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.0.74 for the period ended March 31, 2020 as compared to Rs.1.40 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 546.16 crs	₹ 2.71 crs	20053.51%
Net Profit	₹ 32.18 crs	₹ 60.84 crs	-47.11%
EPS	₹ 0.74	₹ 1.40	-47.14%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.13.98 crores during the 12 months period ended March 31, 2020 as compared to Rs.7.70 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.187.11 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.167.23 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.4.32 for the 12 months period ended March 31, 2020 as compared to Rs.3.86 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 13.98 crs	₹ 7.70 crs	81.56%
Net Profit	₹ 187.11 crs	₹ 167.23 crs	11.89%
EPS	₹ 4.32	₹3.86	11.92%

Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "FY 20 has been a very challenging year. The macroeconomic slowdown during the first nine months presented a significant challenge, and this was compounded by the CoVid-19 pandemic in Q4. We expect the effect of the pandemic to last for a few months, during which consumer demand for discretionary items will remain subdued. However, the fundamentals of the business remain strong; we have significantly improved our gross margins and we continue to invest in innovation and business capabilities to achieve our long-term ambitions. We see the current challenges to be a temporary phenomenon and our balance sheet is strong enough to withstand these headwinds. We are confident that the business will bounce back strongly in the months to come".

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs.184 as compared to the previous close of Rs. 176.9. The total number of shares traded during the day was 75212 in over 1557 trades.

The stock hit an intraday high of Rs. 185.9 and intraday low of 179.6. The net turnover during the day was Rs. 13785952.

Source : Equity Bulls

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