V-Guard Industries Ltd., leading consumer electricals and electronics Company announced its audited financial results for the quarter and year ended March 31, 2022.
Q4 FY 2021-22 highlights:
·Consolidated Net Revenue from operations for the quarter ended March 31, 2022 was Rs. 1,058.21 crs; a growth of 23.7% compared to the corresponding period of the previous year (Rs. 855.20 crs)
·Consolidated Profit After Tax for the quarter ended March 31, 2022 was Rs. 89.58 crs; PAT grew by 31% over corresponding period of the previous year (Rs.68.39 crs).
·Strong growth in Consumer durables and Electrical segments.
·Continuing volatility at a global level presents a challenging environment. The overall business has done well, barring margin pressures in specific categories.
FY 2021-22 YTD highlights:
·Consolidated Net Revenue from operations for the year ended March 31, 2022 was Rs. 3,498.17 crs; a growth of 28.55% compared to the Net Revenue of previous year (Rs. 2,721.24 crs)
·Consolidated Profit After Tax for the year ended March 31, 2022 was Rs. 228.44 crs; a growth of 13.15% over the previous year (Rs.201.89 crs).
Business Outlook:
Commenting on the company’s performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said “The business has shown a very good performance during the quarter, with both South and non-South regions doing well. We were able to overcome supply chain challenges we faced in the earlier waves of Covid. Electrical and Durables categories have shown strong growth. Summer related products recovered from a slow start to the quarter to grow well in March. Commodity prices remain elevated in the context of on-going uncertainties at global level. We have continued to take pricing actions and some more actions will follow in the coming months”.
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