V-Guard Q1 results: Net profit up 54.11% to Rs 99 cr on improved margins

V-Guard Industries on Wednesday reported 54.11 per cent increase in consolidated net profit at Rs 98.97 crore for June quarter FY25 helped by improvement in margins with softening commodity prices and cost-effective initiatives.

The electrical goods manufacturer had clocked a net profit of Rs 64.22 crore in April-June FY24, according to a regulatory filing.

Revenue from operations rose to Rs 1,477.10 crore during the period under review from Rs 1,214.76 crore in the corresponding period a year ago.

Total expenses were up 18.5 per cent to Rs 1,351.65 crore. Total income was higher by 21 per cent at Rs 1,484.01 crore in June quarter.

"The business has delivered strong topline growth in electronics and consumer durables segments led by strong demand for summer products," Managing Director Mithun K Chittilappilly said.

However, the wires segment, which is the largest category under the electricals segment was impacted by trade de-stocking due to the softening of copper prices in ...