V-Guard extends support towards fighting

V-Guard extends support towards fighting Covid-19 crisis

V-Guard Industries Limited, India’s leading consumer electricals major pledges support towards India’s fight against COVID-19. Reasserting its commitment and support towards society, V-Guard has donated various protective equipment to Dehradun Traffic Police at a function conducted in Maharana Pratap Stadium.

Rajiv Sharma, Branch Head, Dehradun on behalf of V-Guard Industries Limited handed over 8000 3-Ply Masks and 6000 Cotton Gloves to Prakash Chandra, Nodal Officer, Garhwal region & Superintendent of Police (Traffic), Dehradun.  Sanjay Gulati, State President, Uttarakhand Electrical Trade Association, Naresh Gupta, Secretary, Uttarakhand Electrical Trade Association and Sanjeev Tyagi, Sub Inspector, Dehradun were also present during the function.

Commenting on the initiatives, Sumit Jha, Sr.General Manager & Northern Regional Head,V-Guard Industries, said, “Given the uncertainty over the ongoing crisis, V-Guard Industries believes in helping and supporting the people and frontline warriors with a meaningful contribution. We are also providing masks to the migrant labourers in Dehradun. Our initiative is designed to help those in need and contribute to society, at this critical juncture in a positive way”.

V-Guard’s Profit After Tax for Q2 2019-20 increases by 54.4%

V-Guard Industries Limited, India’s leading consumer electrical and electronics company, announced the unaudited financial results for the quarter ended September 30, 2019.

Q2 FY 20 highlights:

   Consolidated Net Revenue from operations for the quarter ended September 30, 2019 was Rs. 623.27 crores; an increase of 3.1% over previous year (Rs.604.50 crores).

 Consolidated Profit Before Tax for the quarter ended September 30, 2019 was Rs.78.48 crores; Increase of 62.6% over the previous year (Rs.48.27 crores).

   Consolidated Profit After Tax for the quarter ended September 30, 2019 was Rs.58.75 crores; Increase of 54.4% over the previous year (Rs.38.04 crores).

    During the quarter, Stabilizer and electrical segment registered growth.  Overall, subdued consumer demand impacted top-line growth.

  Non-South markets contributed 37% of turnover for the quarter, up from 35.7% in the corresponding quarter of the previous year.

  Results for the quarter include a writeback of Rs.10.12 crores of ESOP provisions no longer required.

V-Guard bags Frost & Sullivan’s coveted Indian water heater company of the year award

V-Guard bags Frost & Sullivan’s coveted Indian water heater company of the year award

 V-Guard Industries Limited won the ‘Indian Water Heaters Company of the Year’title at the Frost & Sullivan India best practices award 2018. The highly coveted annual awards program honor companies that create breakthrough business models and strategies through the innovative use of transformative technologies, and deliver exceptional performances.V- Guard was awarded for their business models and strategies through the innovative use of transformative technologies that delivers exceptional performances.

V-Guard has emerged as a leading player in the water heaters segment in India this year due to its strong focus on customers, thoughtful engineering and intelligent design. The company offers a range of products in the Instant, Storage and Gas Water Heaters category, from 1 liter to 100 liter capacity.

Commenting on the achievement Mr. Mithun Chittilappilly, MD, V Guard Industries said, “We are really excited winning this prestigious award. Over the past couple of years we have been transforming and revamping our strategies to strengthen the brand, process and product portfolio to achieve higher growth. We will continue to invest in the category and drive innovation to meet the discerning needs of our consumers”

The company has pushed the boundaries and brought path breaking offerings like the Verano which was India’s first IOT enabled geyser which could be controlled from anywhere in the world. The company continues to invest in innovative features, energy efficient solutions, top quality materials to deliver a range of value based offerings in the category across different segments.

About V- Guard

V-Guard Industries Limited is one of India’s leading consumer electrical and Electronics Company. Incepted in 1977 by Mr. Kochouseph Chittilappilly to manufacture and market Voltage stabilizers, V-Guard is now a force to reckon with in the Indian electrical and electronics goods panorama. The company has established a strong brand name and aggressively diversified to become a multi-product company catering to the Light Electricals sector manufacturing Voltage stabilizers, Inverters, Pumps, House wiring cables, Electric water heaters, Fans, Solar water heaters, Kitchen Appliances and has also recently forayed into Air Cooler & Modular Switches. In an endeavor to reach every nook and corner of the country, V-Guard is armed with an expansive network of over 500 distributors, 200 service centers, 5500 direct dealers and 20,000 retailers and a committed after sales team. Under the leadership of Mr. Mithun Chittilappilly, Managing Director, V-Guard will continue to create thoughtfully engineered products in its endeavor to enrich consumer lives.