V-Guard Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 27, 2022 at 04:03 am EDT
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V-Guard Industries Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 9,861.42 million compared to INR 9,074.04 million a year ago. Revenue was INR 9,894.27 million compared to INR 9,099.72 million a year ago. Net income was INR 436.63 million compared to INR 593.35 million a year ago. Basic earnings per share from continuing operations was INR 1.01 compared to INR 1.38 a year ago. Diluted earnings per share from continuing operations was INR 1 compared to INR 1.37 a year ago.
For the six months, sales was INR 20,044.33 million compared to INR 14,725.86 million a year ago. Revenue was INR 20,128.34 million compared to INR 14,790.28 million a year ago. Net income was INR 971 million compared to INR 848.31 million a year ago. Basic earnings per share from continuing operations was INR 2.24 compared to INR 1.97 a year ago. Diluted earnings per share from continuing operations was INR 2.22 compared to INR 1.95 a year ago.
V-Guard Industries Limited is an India-based company, which is engaged in manufacturing, trading and selling electronic products. The Company operates through four segments: Electronics, Electricals, Consumer Durables, and Sunflame. Electronics include stabilizers, digital uninterruptible power supply (UPS) and solar inverters. Electricals include Polyvinyl Chloride (PVC) insulated cables, switch gears, pumps and modular switches. Consumer Durables include electric water heaters, solar water heaters, fans, kitchen appliances and air coolers. Sunflame includes products sold under the trademark Sunflame and Superflame. Its products include voltage stabilizers, inverters, inverter batteries & ups, electric, solar & heat pump, water heaters, wires & cables, fans, kitchen appliances, solar power system, pumps, domestic switch gears, modular switches, air coolers, water purifiers and water purifiers. Its product range of fans includes ceiling fans, table fans, pedestal fans, and wall fans.