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V-Guard Industries September quarter net profit jumps 25% to Rs 46 crore

The corresponding figure during the same period of the previous fiscal is Rs 37.18 crore, V-Guard Industries said in a BSE filing.

October 25, 2017 / 03:21 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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V-Guard Industries today reported a 25 per cent increase in its net profit at Rs 46.49 crore for the quarter to September.

The corresponding figure during the same period of the previous fiscal is Rs 37.18 crore, V-Guard Industries said in a BSE filing.

Net sales during the quarter under review was up 15.26 per cent at Rs 559.91 crore as against Rs 485.75 crore in the year-ago period.

"We have been able to partly recover the sales loss due to GST," V-Guard Industries Managing Director Mithun K Chittilappilly said.

On outlook, he said the company expects to perform in line with expectations in the coming quarter and the outlook remains cautiously positive.

The stock was trading 4.49 per cent up at Rs 206 on the BSE.

PTI
first published: Oct 25, 2017 03:18 pm

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