V-Guard Industries, consumer electricals and electronics Company, announced its audited financial results for the quarter and year ended March 31, 2022. The 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).
The 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). The 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) and 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).
Commenting on the company’s performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries 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”.
