iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

V-Guard Q2FY23 PAT lower by -26.4% yoy at Rs43.66 crore due to a sharp spike in inventory costs in the quarter

28 Oct 2022 , 08:01 AM

V-Guard Industries
V-Guard Industries Ltd reported 8.68% growth in total revenues for the September 2022 quarter on consolidated basis at Rs986.14cr.

Revenues were lower by -3.16% in sequential terms. In terms of the business verticals, the electronics goods vertical saw sales increase by 12.9% at Rs227 crore while the sales from electrical goods were absolutely flat at Rs422 crore.

The biggest growth in sales came from the consumer durables vertical which saw sales grow yoy by 13.2% at Rs337 crore.

The sharp increase in trade receivables and fall in trade payables led to a fall in net cash from operations by 20% at Rs227 crore in H1FY23.

Consolidated Profit after tax (PAT) for September 2022 quarter was down -26.4% at Rs43.66cr and it was down -18.3% on sequential basis.

Due to a spike in inventory holding costs amidst the supply chain constraints, the operating profits from the electronics business and the electrical goods business were down on a yoy basis.

However, the operating profits were higher for the consumer durables vertical. The  Net profit margins at 4.43% in Q2FY23 is lower compared to 6.54% in Q1FY22 and a robust 5.25% in Q1FY23.

Financial highlights for Sep-22 compared yoy and sequentially

V-Guard Industries
Rs in Crore Sep-22 Sep-21 YOY Jun-22 QOQ
Total Income (Rs cr) ₹ 986.14 ₹ 907.40 8.68% ₹ 1,018.29 -3.16%
Net Profit (Rs cr) ₹ 43.66 ₹ 59.34 -26.42% ₹ 53.44 -18.30%
Diluted EPS (Rs) ₹ 1.00 ₹ 1.37 ₹ 1.23
Net Margins 4.43% 6.54% 5.25%

Related Tags

  • FMEG Sector
  • Q2 FY2023 results of V-Guard Industries
  • V-Guard Industries management
  • V-Guard Industries news
  • V-Guard Industries Q2
  • V-Guard Industries Q2FY23 FMEG business
  • V-Guard Industries Q2FY23 PAT
sidebar mobile


13 Apr 2024   |   02:33 PM
13 Apr 2024   |   02:30 PM
12 Apr 2024   |   01:37 PM
12 Apr 2024   |   10:20 AM
Read More

Most Read News

12 Apr 2024   |   08:25 PM
12 Apr 2024   |   08:14 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:08 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.


Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp