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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

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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.

 

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