V-Guard Industries Ltd shares has climbed 6 per cent to a fresh 52-week high of Rs 265.40 on the BSE on Thursday after the electrical appliances maker’s consolidated net profit more than doubled to Rs 68.38 crore for the quarter ended March 31, 2021. The company had posted a net profit of Rs 32.23 crore in the year-ago quarter.
Its revenue from operations during January-March 2021 jumped 58.04 per cent YoY to Rs 855.19 crore, V-Guard Industries said in a regulatory filing. The firm’s total expenses stood at Rs 759.36 crore, a jump of 50.7 per cent YoY.
For the full financial year 2020-21, V-Guard reported a net profit Rs 201.89 crore, a growth of 7.24 per cent as compared with Rs 188.25 crore in 2019-20. Its revenue from operations rose 8.72 per cent YoY to Rs 2,721.23 crore in 2020-21.
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Meanwhile, the Kochi-based company said its board in a meeting held on Wednesday recommended a final dividend of 120 per cent, which is Rs 1.20 per equity share of Re 1 each for the financial year 2020-21.
Stock Covered in the news
