{"id":18054,"date":"2020-01-31T13:10:21","date_gmt":"2020-01-31T13:10:21","guid":{"rendered":"http:\/\/faceinews.com\/?p=18054"},"modified":"2020-01-31T13:10:21","modified_gmt":"2020-01-31T13:10:21","slug":"v-guards-profit-after-tax-consolidated-for-q3-2019-20-increases-by-30","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=18054","title":{"rendered":"V-Guard\u2019s Profit After Tax (consolidated) for Q3 2019-20 increases by 30%"},"content":{"rendered":"<p style=\"font-weight: 400;\"><strong>V-Guard\u2019s Profit After Tax (consolidated) for Q3 2019-20 increases by 30%<\/strong><\/p>\n<p style=\"font-weight: 400;\"><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<p style=\"font-weight: 400;\"><strong>Chennai, January, 2020:<\/strong><\/p>\n<p style=\"font-weight: 400;\">V-Guard Industries Limited, India\u2019s leading consumer electrical and electronics company,\u00a0announced the unaudited financial results for the quarter ended December 31, 2019.<\/p>\n<p style=\"font-weight: 400;\"><strong><em>Q3 FY 20 highlights:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/em><\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\">Consolidated Net Revenue from operations for the quarter ended December 31, 2019 was Rs. 631.89 crores; an increase of 5% over previous year (Rs.601.31 crores).<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<ul>\n<li style=\"font-weight: 400;\">Consolidated Profit Before Tax\u00a0for the quarter ended December 31, 2019 was\u00a0Rs.58.46 crores;\u00a0Increase of 32.6% over the previous year (Rs.44.10 crores).<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<ul>\n<li style=\"font-weight: 400;\">Consolidated Profit After Tax\u00a0for the quarter ended December 31, 2019 was\u00a0Rs.44.24 crores;\u00a0Increase of 29.7% over the previous year (Rs.34.10 crores).<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<ul>\n<li style=\"font-weight: 400;\">Subdued demand conditions impacted top-line growth the quarter.\u00a0 The Consumer Durables segment grew well, but other segments were impacted more by the overall slowdown.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<ul>\n<li style=\"font-weight: 400;\">Non-South markets contributed 38% of turnover for the quarter, up from 37% in the corresponding quarter of the previous year.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<ul>\n<li style=\"font-weight: 400;\">Gross margins improved across all segments. Low volatility in commodity prices, \u00a0combined with cost effectiveness measures pricing actions early in the year helped improve margins.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\"><strong><em>Business Outlook:<\/em><\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong><em>\u00a0<\/em><\/strong><\/p>\n<p style=\"font-weight: 400;\">Commenting on the company\u2019s performance,\u00a0<strong>Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd<\/strong>\u00a0said\u00a0<em>\u201cSlowness in consumer demand continued during Q3 FY 20, which impacted our overall top-line growth.\u00a0 Under these circumstances, we are making good progress in the non-South markets and new categories.\u00a0 Margin and working capital management remained robust.\u00a0 We are hopeful that we will be able to get back to higher growths in the coming quarters, once the macroeconomic conditions improve\u201d \u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>V-Guard\u2019s Profit After Tax (consolidated) for Q3 2019-20 increases by 30% Chennai, January, 2020: V-Guard Industries Limited, India\u2019s leading consumer electrical and electronics company,\u00a0announced the unaudited financial results for the quarter ended December 31, 2019. Q3 FY 20 highlights:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Consolidated Net Revenue from operations for the quarter ended December 31, 2019 was Rs. 631.89 crores; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-18054","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18054"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18054\/revisions"}],"predecessor-version":[{"id":18055,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/18054\/revisions\/18055"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}