V-Guard Industries reported a strong finish to the financial year, with Q4 FY26 revenue rising by 14.1% year-on-year to ₹1,755 crore. The company achieved a 23.0% increase in Profit After Tax (PAT), reaching ₹112 crore for the quarter. Despite challenges in the first half of the year, V-Guard’s strategic execution and demand recovery in the second half enabled a solid performance, leading to a recommended dividend of 150%.
Quarterly Financial Performance
V-Guard Industries demonstrated significant momentum in the final quarter of FY26. Consolidated revenues grew to ₹1,755 crore, a 14.1% year-on-year increase. Profitability also saw a notable boost, with the company’s PAT reaching ₹112 crore, reflecting a 23.0% year-on-year rise. This performance was supported by strong cash flow management and efficient cost controls, as evidenced by an EBITDA of ₹170.72 crore, which grew 19.3% year-on-year.
Annual Highlights
For the full fiscal year FY25-26, consolidated net revenues reached ₹5,966 crore, representing a 7.0% growth over the previous year. While the year posed challenges—particularly with a weak summer and tepid demand in the first half—the business regained traction in the second half. The annual PAT was recorded at ₹308 crore. It is important to note that the company incurred an incremental charge of ₹22 crore during the year due to reassessments of employee benefit obligations under new labor codes; excluding this exceptional item, underlying PAT growth would have been 3.6%.
Segment and Operational Growth
V-Guard continues to expand its pan-India presence, with non-South markets contributing 46.3% to total revenues in the fourth quarter. The electronics and electricals segments remained key drivers of value, with the electronics segment growing by 22.3% and the electricals segment by 15.9% during the quarter. Furthermore, the integration of the Sunflame business is now complete, with the company seeing early signs of growth and stabilization as a result of recent strategic actions. The Board of Directors has recommended a final dividend of ₹1.50 per equity share, reflecting the company’s strong liquidity position and confidence in future growth.
Source: BSE
