Consumer electricals firm V-Guard Q2 net up by 15% to Rs 59 crore

Consolidated net revenue from operations was Rs 907.40 crore, up 46% from a year ago. Firm says a spike in input costs partly impacted gross margins

Kerala-based consumer electricals and electronics company V-Guard Industries has posted 15 per cent increase in net profit for the second quarter of the financial year 2021-22 to Rs 59.4 crore, from Rs 51.62 crore during the same period in 2020-21.

The company’s consolidated net revenue from operations for the quarter ended September 30, 2021 was Rs 907.40 crore, up 46 per cent from a year ago (Rs 623 crore). The firm said a spike in input costs partly impacted gross margins.

Mithun K Chittilappilly, Managing Director, V-Guard Industries, said, “This quarter saw a recovery from the impact of the second wave of