V-Guard’s Q2 net jumps 35% to Rs 59 cr, net revenue from ops rises 15%

V-Guard Industries Ltd, a consumer electricals and electronics major, posted a 35 per cent jump in net profit in Q2FY24 at Rs 58.95 crore, compared to Rs 43.66 crore recorded in the corresponding period last year.

The company’s consolidated net revenue from operations for the quarter was Rs 1,133.75 crore, up 14.9 per cent over the revenue recorded in the corresponding period last year (Rs 986.55 crore). “Our electronics and electrical segment has done well, leading to a rise in profits. This comes after last year’s numbers, where we saw higher input costs. Raw material costs have stabilised now.