V-Guard Industries Q2FY18 standalone net profit rises 25% yoy

India Infoline Research Team | October 25, 2017 15:17 IST

V-Guard Industries Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 560 15.3
EBITDA 67 30.2
EBITDA Margin (%) 12 138
Net Profit (adjusted) 46 25.0
***EBITDA margin change is bps
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Reco. Price

191

Last updated on

18-Oct-2017


V-Guard's standalone revenue for the quarter came in at Rs. 560 crore, registering 15.3% yoy increase. This was led by increase in revenue from Electronics and Consumer durables by 22% yoy and 18.5% yoy, respectively.

EBITDA for the quarter rose by 30.2% yoy to Rs. 67 crore with a corresponding margin expansion of 138 bps. EBITDA margin for the quarter stood at 12%.

The PAT for the quarter came in at Rs. 46 crore, yoy increase of 25%. This was due to 19% yoy decline in interest expenses.



Technical View:

V-Guard Industries Ltd is currently trading at Rs. 211.95, up by 14.8 points or 7.51% from its previous closing of Rs. 197.15 on the BSE.
The scrip opened at Rs. 199.75 and has touched a high and low of Rs. 213 and Rs. 189 respectively. So far 52,74,175(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 229.95 [0.45] ([0.20]%)
NSE 230.40 [0.20] ([0.09]%)

***Note: This is a NSE Chart

 

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