V-Guard Industries Ltd Q3FY21 consolidated net profit rises to Rs. 77.92 crore

V-GUARD INDUSTRIES LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.840.59 crores during the period ended December 31, 2020 as compared to Rs.629.58 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.77.92 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.51.28 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.80 for the period ended December 31, 2020 as compared to Rs.1.19 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 840.59 crs	₹ 629.58 crs	33.52%
Net Profit	₹ 77.92 crs	₹ 51.28 crs	51.95%
EPS	₹ 1.80	₹ 1.19	51.26%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.840.59 crores during the period ended December 31, 2020 as compared to Rs.637.72 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.77.92 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.43.83 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.80 for the period ended December 31, 2020 as compared to Rs.1.01 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 840.59 crs	₹ 637.72 crs	31.81%
Net Profit	₹ 77.92 crs	₹ 43.83 crs	77.78%
EPS	₹ 1.80	₹ 1.01	78.22%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1882.83 crores during the 9 months period ended December 31, 2020 as compared to Rs.1981.90 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.132.97 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.154.93 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.3.08 for the 9 months period ended December 31, 2020 as compared to Rs.3.58 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1882.83 crs	₹ 1981.90 crs	-5%
Net Profit	₹ 132.97 crs	₹ 154.93 crs	-14.17%
EPS	₹ 3.08	₹3.58	-13.97%

Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "Improved consumer sentiment, festive season and share gain from unorganised sector have driven growth during the quarter. The sharp increase in commodity prices led to a slight drop in gross margins. We will continue to take appropriate pricing actions depending on the situation in the coming months. Our channel partners remain robust and healthy, as we prudently manage inventory and receivables. We expect the good performance to continue into the last quarter of this financial year, considering the broad based recovery in the macro environment and the strong traction we observe in our focus categories."

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs.241.1 as compared to the previous close of Rs. 231.5. The total number of shares traded during the day was 127854 in over 3207 trades.

The stock hit an intraday high of Rs. 244.5 and intraday low of 230.4. The net turnover during the day was Rs. 30525774.

Source : Equity Bulls

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