V-Guard’s Profit After Tax for second quarter of FY
2017-18 increases by 25%
India’s leading consumer electrical and electronics
company, V-Guard Industries Ltd., announced
its results for the quarter ended September 30, 2017.
Highlights:
·
Net Revenue from operations for the Quarter ended September 30, 2017
was Rs. 559.92 crores; an increase of 15% over corresponding
period of previous year (Rs.485.75 crores)
·
Profit After Tax for the Quarter ended September 30, 2017
was Rs.49.50 crores; an increase of 25% over corresponding
period of previous year (Rs.37.19 crores)
·
Net Revenue from operations for the half year ended September 30, 2017
was Rs. 1,129.00 crores; an increase of 8% over corresponding
period of previous year (Rs.1,046.64 crores)
·
Profit After Tax for the half year ended September 30, 2017
was Rs.69.75 crores; a decrease of 13% over corresponding
period of previous year (Rs.80.20 crores)
Business Outlook:
Commenting on the company’s performance, Mr. Mithun.
K. Chittilappilly, Managing Director, V-Guard Industries Ltd said “We
have been able to partly recover the sales loss due to GST in the first
quarter”. He said that outlook remains cautiously positive and that the company
expects to perform in line with expectations in the coming quarter.
Key developments
· Roll out of “salesforce.com”
sales force automation tool pan India which enhances field force productivity.
· Initiated second phase of project
‘Udaan’ which focuses on development of broader Supply Chain capability.
For media contact
Swarna Viswanathan
|
Manager
swarna.viswanathan@mslgroup.com |
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