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V-Guard’s Q4 FY 2020-21 PAT grew by 112% Y-o-Y

V-Guard’s Q4 FY 2020-21 PAT grew by 112% Y-o-Y
Press Release

India: India’s leading consumer electrical and electronics company, V-Guard Industries Ltd., announced its audited financial results for the quarter ended March 31, 2021.

Q4 FY 21 highlights:

  • Consolidated Net Revenue from operations for the quarter ended March 31, 2021 was Rs. 855.20 crores; a growth of 58% compared to the corresponding period of previous year (Rs.541.14 crores)

 

  • Consolidated Profit After Tax for the quarter ended March 31, 2021 was Rs.68.39 crores; an increase of 112.2% over corresponding period of previous year (Rs.32.23 crores).

 

  • All three segments - Electronics, Electrical and Consumer Durables - recorded strong growth during the quarter.

 

  • Consolidated Net Revenue from operations for the year ended March 31, 2021 was Rs. 2,721.24 crores; a growth of 8.7% compared to the previous year (Rs.2,502.94 crores).

 

  • Consolidated Profit Before Tax for the year ended March 31, 2021 was Rs.288.1 crores; an increase of 15.4% over the previous year (Rs.249.6 crores).

 

  • Consolidated Profit After Tax for the year ended March 31, 2021 was Rs.201.89 crores; an increase of 7.2% over the previous year (Rs.188.25 crores). Effective Tax Rate has gone up due to severe supply disruption in Sikkim plants, as they were affected by Covid-related lockdowns up to September 2020.

 

  • The Board of Directors has recommended a dividend of Rs.1.20 per equity share (120%) for the financial year 2020-21.

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