V-Guard Industries Ltd posts consolidated PAT of Rs. 51.28 crore in Q2FY21

V-GUARD INDUSTRIES LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.629.58 crores during the period ended September 30, 2020 as compared to Rs.412.65 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.51.28 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.3.77 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.19 for the period ended September 30, 2020 as compared to Rs.0.09 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 629.58 crs	₹ 412.65 crs	52.57%
Net Profit	₹ 51.28 crs	₹ 3.77 crs	1260.21%
EPS	₹ 1.19	₹ 0.09	1222.22%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.629.58 crores during the period ended September 30, 2020 as compared to Rs.631.05 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.51.28 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.58.28 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.1.19 for the period ended September 30, 2020 as compared to Rs.1.35 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 629.58 crs	₹ 631.05 crs	-0.23%
Net Profit	₹ 51.28 crs	₹ 58.28 crs	-12.01%
EPS	₹ 1.19	₹ 1.35	-11.85%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1042.23 crores during the 6 months period ended September 30, 2020 as compared to Rs.1344.17 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.55.25 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.111.78 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.1.27 for the 6 months period ended September 30, 2020 as compared to Rs.2.57 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 1042.23 crs	₹ 1344.17 crs	-22.46%
Net Profit	₹ 55.25 crs	₹ 111.78 crs	-50.57%
EPS	₹ 1.27	₹2.57	-50.58%

Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "During the quarter, most of our markets were back to near normal levels, except Kerala which was impacted by the recent surge in Covid infections. We also had to contend with significant supply disruptions as our Sikkim manufacturing units and some key vendors suffered prolonged production stoppages due to Covid related reasons. During this quarter, we launched a range of new products in Water Purifier, breakfast appliances and Kitchen Hobs & Chimneys. With supply issues having been resolved and the onset of the festive season, we expect to get back on to the growth path during the coming quarter."

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs.169.05 as compared to the previous close of Rs. 171.9. The total number of shares traded during the day was 26386 in over 1168 trades.

The stock hit an intraday high of Rs. 180 and intraday low of 168.4. The net turnover during the day was Rs. 4581296.

Source : Equity Bulls

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