V-Guard Industries Ltd reports consolidated Q1FY22 net profit of Rs. 25.49 crores

V-GUARD INDUSTRIES LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.569.05 crores during the period ended June 30, 2021 as compared to Rs.859.13 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.25.49 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.67.84 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.59 for the period ended June 30, 2021 as compared to Rs.1.57 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 569.05 crs	₹ 859.13 crs	-33.76%
Net Profit	₹ 25.49 crs	₹ 67.84 crs	-62.43%
EPS	₹ 0.59	₹ 1.57	-62.42%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.569.05 crores during the period ended June 30, 2021 as compared to Rs.412.65 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.25.49 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.3.77 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.59 for the period ended June 30, 2021 as compared to Rs.0.09 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 569.05 crs	₹ 412.65 crs	37.9%
Net Profit	₹ 25.49 crs	₹ 3.77 crs	576.13%
EPS	₹ 0.59	₹ 0.09	555.56%

Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "The second wave ofCovid-19 was more severe and our stronger markets went through extended closures, impacting consumer demand. Our manufacturing units in Sikkim were also impacted due to lockdowns. In the context of demand constraints, our Electricals and Durables segments have performed well. Commodity cost inflation has been significant in the recent months. While we have been able to offset a major part of it, some more pricing actions are being planned. We expect the business to bounce back strongly in the coming quarters".

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs. 249.75 as compared to the previous close of Rs. 247.6. The total number of shares traded during the day was 12027 in over 555 trades.

The stock hit an intraday high of Rs. 253.3 and intraday low of 247.85. The net turnover during the day was Rs. 3010787.

Source : Equity Bulls

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