V-Guard Industries net revenues increased by 28% in First Quarter of Financial Year 2013-14
Net Revenues for the First Quarter, ending June 30, 2013-14 fiscal, were Rs. 408 crores; an increase of 28% over corresponding period of last financial year (Rs 319.00 crore)
Consumer electrical and electronics company V-Guard, announced its results for the first quarter ended 30 June, 2013 of FY 13-14
· Net Revenues for the First Quarter, ending June 30, 2013-14 fiscal, were Rs. 408 crores; an increase of 28% over corresponding period of last financial year (Rs 319.00 crore)
· Profit After Tax for the Quarter, ending June 30, 2013-14 fiscal, was Rs.17.64 crore;
To increase the brand visibility, the Company has increased its advertisement spend considerably during the quarter under review. The advertisement spend was increased by almost 85% which lead to a reduction in margins.
Wires, pumps and inverters performed exceptionally well and contributed 55% to the total revenue.
Commenting on the company’
The company obtained the Department of Scientific and Industrial Research (DSIR) recognition for its Research and Development (R&D) Center at Kochi, Kerala.
New product, Mixer grinder will be launched in the month of July, 2013.
About V-Guard Industries Ltd.
V-Guard Industries Limited is a Kochi based company, incepted in 1977 by Mr. Kochouseph Chittilapilly to manufacture and market Voltage stabilizers. What started in 1977 with two employees and a burning passion is now a force to reckon with in the Indian electric and electronic goods panorama. The company has since then established a strong brand name and aggressively diversified to become a multi-product company catering to the Light Electricals sector manufacturing Voltage stabilizers, Invertors & Digital UPS systems, Pumps, House wiring/LT cables, Electric water heaters, Fans, Solar water heaters and has also recently forayed into Induction cooktops and Switchgears.