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V-Guard Industries : Q1 2024 Financial Quarterly Report : YoY Sales Up 21.6 %, QoQ Up 10 %

July 25, 2024July 25, 2024| adminadmin| 0 Comments| 2:55 pm
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Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 21.6 % in the past year, substantial increase in net sales/revenue by 10 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -41.39 %, Marginal increase in other income during this quarter, up by 41.31%.
  • Profit over the Year and quarter: Significant improvement in profitability for V-Guard Industries Ltd.. Notable increase of 54.11 % in net profit Year to Year, V-Guard Industries Ltd.’s profitability increased by 29.93 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 52.70 % Year to Year. EPS increased by 29.89 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of V-Guard Industries Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 1214.76 Cr Rs. 1342.77 Cr Rs. 1477.1 Cr + 10 % + 21.6 %
Expenses Rs. 1110.01 Cr Rs. 1214.92 Cr Rs. 1321.33 Cr + 8.76 % + 19.04 %
Operating Profit Rs. 104.75 Cr Rs. 127.85 Cr Rs. 155.77 Cr + 21.84 % + 48.71 %
OPM % 8.62 % 9.52 % 10.55 % + 1.03 % + 1.93 %
Other Income Rs. 11.79 Cr Rs. 4.89 Cr Rs. 6.91 Cr + 41.31 % -41.39 %
Interest Rs. 10.85 Cr Rs. 9.94 Cr Rs. 8.59 Cr -13.58 % -20.83 %
Depreciation Rs. 19.78 Cr Rs. 22.17 Cr Rs. 21.73 Cr -1.98 % + 9.86 %
Profit before tax Rs. 85.91 Cr Rs. 100.63 Cr Rs. 132.36 Cr + 31.53 % + 54.07 %
Tax % 25.25 % 24.31 % 25.23 % + 0.92 % -0.02 %
Net Profit Rs. 64.22 Cr Rs. 76.17 Cr Rs. 98.97 Cr + 29.93 % + 54.11 %
EPS in Rs Rs. 1.47 Rs. 1.74 Rs. 2.25 + 29.31 % + 53.06 %


Today, we’re looking at V-Guard Industries Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 21.6 %. However, it did see a marginal increase of 10 % from the previous quarter. Expenses ticked up slightly by 8.76 % quarter-on-quarter, aligning with the annual rise of 19.04 %. Operating profit, while up 48.71 % compared to last year, faced a quarter-on-quarter increase of 21.84 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.93 %, but an expansion of 1.03 % sequentially. Other income rose by 41.31 % compared to the last quarter, despite an annual decline of -41.39 %. Interest expenses dropped significantly by -13.58 % from the previous quarter, yet the year-over-year decrease remains at a moderate -20.83 %. Depreciation costs fell by -1.98 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.86 %. Profit before tax grew annually by 54.07 % but saw an increase from the preceding quarter by 31.53 %.
Tax expenses as a percentage of profits decreased slightly by -0.02 % compared to last year, with a more notable quarter-on-quarter increase of 0.92 %. Net profit rose by 54.11 % year-on-year but experienced a 29.93 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 53.06 % but a quarterly rise of 29.31 %. In summary, V-Guard Industries Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 1214.76 Cr Rs. 1342.77 Cr Rs. 1477.1 Cr + 10 % + 21.6 %
Expenses Rs. 1110.01 Cr Rs. 1214.92 Cr Rs. 1321.33 Cr + 8.76 % + 19.04 %
Operating Profit Rs. 104.75 Cr Rs. 127.85 Cr Rs. 155.77 Cr + 21.84 % + 48.71 %
Net Profit Rs. 64.22 Cr Rs. 76.17 Cr Rs. 98.97 Cr + 29.93 % + 54.11 %
EPS in Rs Rs. 1.47 Rs. 1.74 Rs. 2.25 + 29.31 % + 53.06 %


In reviewing V-Guard Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.6 % year-on-year growth, however, there was a minor increase of 10 % from the previous quarter. Expenses rose by 19.04 % compared to the previous year, with a 8.76 % increase quarter-on-quarter. Operating Profit surged by 48.71 % annually, and saw a 21.84 % increase from the last quarter.
Net Profit showed yearly increase of 54.11 %, and experienced a 29.93 % increase from the previous quarter. Earnings Per Share (EPS) rose by 53.06 % annually, however rose by 29.31 % compared to the last quarter. In essence, while V-Guard Industries Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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