Consumer electrical and electronics company V-Guard Industries has registered a 32 per cent increase in its net profit at ₹19.17 crore in Q2 against ₹14.48 crore in the corresponding period previous year.
Net revenue from operations stood at ₹ 431.25 crore, a 29 per cent increase, over the corresponding period figure of ₹334.04 crore.
According to Mithun K.Chittilappily, Managing Director, the company maintained the growth momentum during the quarter due to the growth in top-line and bottom line, which was aided by a strong performance in non south and superior product mix. Besides, three new models of mixer grinder were introduced.
The new model of water heater ‘Pebble’ launched nationally during the quarter has been well accepted, he said.
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