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PRESS RELEASES

May


2


2014

May 2/2014

V-Guard's net profit grew by 129% in Q4 of FY 2013-14 and recommends dividend of Rs.4.50 per equity share


Consumer electrical and electronics company V-Guard announced its audited results for the fourth quarter and year ended 31st March, 2014. Mr. Mithun K. Chittilappilly, Managing Director said that during the year under review, the Company has implemented a new service delivery model by initiating a transformation in the customer service domain and also put in place Oracle based CRM. The new service delivery model has been introduced mainly in Kerala and NCR during the year and it will be rolled out to other parts, during the FY 2014-15.

Highlights:

  • Net Revenue from operations for the fourth Quarter, ended 31st were Rs. 422.44 crores; Net revenue operations for the corresponding period of the last financial year were Rs. 378.72 crores. Growth registered was 12%. March, 2014, were Rs. 422.44 crores; Net revenue operations for the corresponding period of last financial year were Rs. 378.72 crores. Growth registered was 12%.

  • Profit After Tax for the Quarter, ended 31st crores; registering a growth of 129% over corresponding period of the last financial year(Rs. 8.94 crores). March, 2014, was Rs. 20.48 crores; registering a growth of 129% over corresponding period of last financial year (Rs. 8.94 crores).

  • Net Revenue from operations for the year ended 31st crores; Net revenue operations for the last financial year were Rs. 1360.21 crores. Growth registered was 11.57%. March, 2014, were Rs. 1517.56 crores; Net revenue operations for the last financial year were Rs. 1360.21 crores. Growth registered was 11.57%.

  • Profit After Tax for the year ended 31st growth of 11.46% over the last financial year (Rs.62.92 crores). March, 2014, was Rs.70.13 crores; registering a growth of 11.46% over the last financial year (Rs. 62.92 crores).

  • The Board of Directors has recommended a dividend of 45% on the equity capital i.e. Rs. 4.50 per equity share.

  • The Board has appointed Mr. Ullas Kamath, Joint Managing Director of Jyothy Laboratories Ltd., and Mrs. Joshna Mithun as Additional Directors of the Company.

  • During the year under review, the Company has achieved the milestone of crossing Rs. 1,500 crores turnover.

  • Better cost control measures adopted by the Management has supported in improving the margins.

  • Demand for almost all the products, has revived since March, 2014.