India’s V-Guard reports profit above estimates on strength in wires business, ET BrandEquity

Highlights

• V-Guard Industries reported a nearly 20 per cent increase in consolidated net profit for the quarter ending March 31, reaching 911.3 million rupees, surpassing analysts’ expectations.
• The company’s revenue from operations grew 14.5 per cent to 15.38 billion rupees, with significant growth in the
• electronics segment, which includes stabilizers and solar inverters, at 26.3 per cent.
• Despite the overall positive performance, revenue from kitchen appliances under the Sunflame brand experienced a decline of 24.2 per cent.

Representative imaIndia’s V-Guard Industries, which focuses largely on selling wires, reported a bigger-than-expected rise in quarterly profit on Wednesday on strong demand for fans, air coolers and air conditioners ahead of the summer.

Consolidated net profit rose nearly 20 per cent to 911.3 million rupees ($10.7 million) in the three months to March 31, beating analysts’ average estimate of 904.9 million rupees, according to data compiled by LSEG.

It saw robust demand during the January-March quarter, when consumers buy fans, air coolers and air conditioners ahead of the summer, also leading to higher sales of wires.

“Fourth quarter is usually a strong one in our industry. The summer portfolio of V-Guard starts to play,” said V Ramachandran, chief operating officer at V-Guard.

V Guard’s revenue from operations grew 14.5 per cent to 15.38 billion rupees, beating analysts’ estimate of 15.18 billion rupees.

Revenue in the electricals segment, which houses wires, grew 14.6 per cent year on year. It accounted for 43.3 per cent of total revenue.

The biggest growth, of 26.3 per cent, was in the electronics segment, which sells stabilizers and solar inverters.

Revenue from sales of consumer durables such as fans and air coolers grew nearly 12 per cent. However, revenue from sales of kitchen appliances under the Sunflame brand declined 24.2 per cent.

• Published On May 15, 2025 at 03:20 PM IST

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