V-Guard Q4 profit zooms 115% to Rs 59 crore

Kochi: The Q4 net profit of V-Guard for FY19 increased 115% year-on-year to Rs 59.24 crore. The net revenue for the period saw 12% rise to Rs 739.69 crore.

Consolidated net profit for FY 19 increased 24% over previous year to Rs 167.23 crore. The net revenue for the year stood at Rs 2594.44 crore, an increase of 11% from a year ago.

The board has recommended a dividend of 80 paise (80%) per equity share for the year 2018-19. `` Despite challenges of commodity and currency volatility we were able to do well. We continue to work towards enhancing organisational capabilities and improving our competitiveness in the market,’’ said Mithun K Chittilappilly, MD, V-Guard Industries.


He said wires, modular switches and switch gear and kitchen appliances grew well. Modular switches were launched in some of the non-south markets. Air coolers were rolled out to more south and non-south markets.