V-Guard Industries has announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company reported a significant 38.2% year-on-year increase in consolidated net revenue for Q2 FY27, reaching ₹1,852.89 crore. Consolidated Profit After Tax (PAT) saw a substantial 71% jump to ₹111.67 crore. For the six months, revenue grew 30.5% and PAT increased by 73.9%.
V-Guard Industries Reports Strong Q2 FY27 Performance
V-Guard Industries Ltd., a prominent player in the Consumer Electricals and Electronics sector, has disclosed its unaudited financial results for the second quarter and half-year period ending September 30, 2026. The company has demonstrated robust growth across key financial metrics, signaling a positive trajectory for the fiscal year.
Q2 FY 2026-27 Highlights
For the second quarter of FY 2026-27, V-Guard Industries recorded a consolidated Net Revenue from operations of ₹1,852.89 crore. This represents a significant growth of 38.2% compared to the corresponding period in the previous year, when revenue stood at ₹1,340.92 crore. Profit After Tax (PAT) for the quarter also saw a remarkable increase, growing by 71% to reach ₹111.67 crore, up from ₹65.29 crore in Q2 FY26.
Half-Year Performance (H1 FY27)
The performance over the first half of FY 2026-27 further underscores the company’s strong momentum. Consolidated Net Revenue for the six months ended September 30, 2026, amounted to ₹3,663.54 crore, an increase of 30.5% over the ₹2,807 crore reported in the same period last year. Consolidated Profit After Tax for H1 FY27 surged by 73.9% to ₹241.92 crore, compared to ₹139.14 crore in H1 FY26.
Business Outlook
Commenting on the results, Mr. Mithun. K. Chittilappilly, Chairman & Managing Director of V-Guard Industries Ltd, highlighted the company’s consistent performance and strong growth across all segments. He attributed this success to a combination of pricing strategies, healthy volume growth, inherent business resilience, and supportive market conditions. While acknowledging the ongoing margin challenges from the West Asia crisis, Mr. Chittilappilly expressed confidence in mitigating these issues and delivering continued healthy growth in the upcoming quarters.
Segmental Performance
Detailed segment-wise analysis reveals significant revenue growth across key product categories for Q2 FY27. Electronics revenue grew by 59.9%, Electricals by 41.2%, and Consumer Durables by 20.0%. Segment results also showed substantial increases, with Electronics up 48.4% and Electricals up 29.6%. Consumer Durables, in particular, saw an exceptional 224.2% rise in segment results.
For the half-year (H1 FY27), similar positive trends were observed. Segment revenue for Electronics increased by 36.6%, Electricals by 34.7%, and Consumer Durables by 19.6%. Segment results for Electronics grew by 32.8%, and Electricals by 37.8%.
Financial Ratios
Other financial highlights for Q2 FY27 include a Return on Equity (RoE) of 16.0% and a Return on Capital Employed (RoCE) of 19.6%. Debtor days improved to 21 days from 28 days in the previous year.
Source: BSE
