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Consumer electrical and electronics company V-Guard has registered a profit after tax of Rs 17.53 crore in Q3 of FY14, a growth of 14 per cent over the corresponding period last year.
The company’s PAT stood at Rs 15.35 crore in the same quarter of FY13.
Net revenue from operations grew marginally to Rs 352.93 crore (Rs 349.04 crore).
According to Mithun K.Chittilappilly, Managing Director, the overall slowdown in the Indian economy has affected the consumer goods industry to a considerable extent. However, focused efforts on various cost management measures have helped the company retain the margin. The company is launching a new series of inverters and stabilisers for the summer season.
He said sales of digital UPS and pumps have been very subdued and have recorded a decline during the quarter that led to overall flat growth in sales. Robust sales were recorded in electric and solar water heaters during the quarter under review.
A new model of Electric Water Heater – Pebble – was launched in the premium category. The model has been well accepted in South India and the product will be taken to other States in the next financial year.
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