V-Guard Industries consolidated net profit falls by 93.14 per cent to Rs 3.64 crore for Q1FY21

V-Guard Industries Ltd., a major electrical appliances manufacturer in India, announced its quarterly results on July 27, 2020. The company posted a consolidated net profit of Rs 3.64 crore for Q1FY21, which declined by 93.14 per cent, as compared to Q1FY20 when it reported Rs 53.03 crore.                                                                                                                                                   

The consolidated net sales reported in Q1FY21 came in at Rs 408 crore, which declined by 42.26 per cent YoY from Rs 706.65 crore in Q1FY20. At EBITDA level, the company stood at Rs 9.83 crore in Q1FY21 that decreased by 86.37 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 72.13 crore.                                                                                                                                                  

EBITDA margin as of Q1FY21 was at 2.41 per cent that declined by 7.8 per cent YoY. The net profit margin in Q1FY21 came in at 0.89 per cent, which declined by 6.62 per cent YoY. The net profit margin in Q1FY20 was at 7.51 per cent.                                                                                                                         

The share closed with a decline of 2.01 per cent at Rs 165.5. It has a 52 week high of Rs 259.7 and 52 week low of Rs 149 on BSE.