MENU

Published on 25/07/2019 9:02:24 AM | Source: V-Guard Industries Ltd

V-Guard`s Net Profit for Q1 2019-20 increases by 54% By V-Guard Industries

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More

Below is the Views On the company’s performance, By Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd

 

V-Guard’s Net Profit for Q1 2019-20increases by 54% 

India,July 24,2019:

 V-Guard Industries Limited, India’s leading consumer electrical and electronics company, announced theunaudited financial results for the quarterended June 30, 2019.  

 

Q1 FY 20 highlights:

* Consolidated Net Revenue from operations for the quarter ended June 30, 2019 was  

* Rs. 707 crores; an increase of 10% over previous year (Rs.642 crores).  

* Consolidated Profit After Tax for the quarter ended June 30, 2019 was Rs. 53 crores; Increase of 54% over the previous year (Rs.34.5 crores).

* Electronics and Consumer Durables segments grew well during the quarter under review.

*  Adopted Ind AS 116 (Leases) from April 1, 2019. The impact on Profit Before Tax is not material.

* Non-South markets contributed 46% of Net Revenue for the quarter.

 

Above views are of the author and not of the website kindly read disclaimer