V-Guard shares jump nearly 11% as Q2 profit surges 72% to ₹112 crore
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- ✓V-Guard shares jumped nearly 11% on Thursday, October 29, after the company reported a 72.3% profit surge to ₹112 crore.
- ✓Revenue grew 38.2% to ₹1,853 crore, driven by strong sales across all segments.
- ✓Mithun K Chittilappilly said the company delivered another quarter of robust and consistent performance, with all segments recording growth.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Robust volume expansion and strategic price hikes propelled broad-based revenue gains across electronics, electricals, and consumer durables, driving strong operating margin growth. Discover how management plans to navigate lingering geopolitical supply headwinds in West Asia.
Shares of V-Guard Industries rose as much as 11% on Thursday, October 29, after the company reported a 72.3% year-on-year (YoY) jump in consolidated net profit to ₹112 crore for the second quarter, compared with ₹65 crore in the year-ago period.
Revenue from operations increased 38.2% YoY to ₹1,853 crore from ₹1,341 crore, according to the company's exchange filing. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 53.2% to ₹167 crore from ₹109 crore.
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