V-Guard Ind.Ltd. Q4 net profit up 32.57% at Rs 90.60 cr
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The company reported standalone net profit of Rs 90.60 crore for the quarter ended March 31, 2022 as compared to Rs 68.34 crore in the same period last year, registering a year-on-year growth of 32.57 per cent. Net revenue of the company rose substantially by 23.69 per cent at Rs 1,050.27 crore in January-March quarter of this fiscal as against Rs 849.10 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 27.10 per cent to Rs 939.45 crore from Rs 739.17 crore in year ago period.
Other Income dipped by 24.31 per cent at Rs 3.30 crore versus (Mar'21 Rs 4.36 crore). Operating Profit surged by 0.81 per cent to Rs 110.82 crore as against Rs 109.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.53 per cent in March quarter. Interest declined by 33.33 per cent y-o-y to Rs 1.56 crore, while Taxation decreased by 69.86 per cent at Rs 9.63 crore (Mar'21 Rs 31.95 crore).
