V Guard Industries Ltd. implements SAP
SAP ECC was implemented in the company in a record time of 6 months. It covers Sales & Distribution, Finance & Controlling, Material Management, Production Planning, and Quality Systems. The system was implemented in partnership with IBM Global Solutions and HP.
V-Guard's net sales up by 45 % and net profit up by 46% for Q3 of 2011-12
Kochi 31st January, 2012:
The Board of Directors of V-Guard Industries Limited, the electronic and electrical major today considered and adopted the unaudited financial results of Company for the quarter ended 31st December, 2011.
The net sales of the Company rose to ` 256.86 crores, showing an increase of 45%, from net sales of ` 176.80 crores, achieved in the corresponding period of the previous year. The Company achieved a profit after tax of ` 12.45 crores during the quarter under review, thereby showing an increase of 46% over the profit after tax of ` 8.55 crores achieved in the corresponding period of the previous year.
The net sales of the Company for the first nine months ended rose to ` 715.96 crores, showing an increase of 42%, from net sales of ` 503.75 crores, achieved in the corresponding period of the previous year.
Mithun K Chittilappilly, Executive Director, said that product verticals like Motor pumps, cables, Digital UPS and stabilizers have contributed to sales growth. He said that Management has introduced various cost control initiatives which has resulted in improved margins in the current inflationary environment.
Dr. George Sleeba, Joint Managing Director said that the new solar water heater plant with new and improved technology built at a cost of ` 10.50 crores will become operational in February 2012.
V-Guard's net sales for Q2 of 2011-12 up by 38 %
The Board of Directors of V-Guard Industries Limited, the electronic and electrical major today considered and adopted the unaudited financial results of Company for the quarter ended 30th September, 2011.
The net sales of the Company rose to Rs 219.02 crores, showing an increase of 38%, from net sales of Rs 158.74 crores, achieved in the corresponding period of the previous year. The Company achieved a profit after tax of Rs 6.84 crores during the quarter under review, which is less by 22% when compared with the profit after tax for the corresponding quarter of the previous year, which was Rs 8.78 crores. The figure relating to net profit after tax was less by 3.4% for the half year ended 30th September, 2011 when compared to the corresponding period of the last year.Decline in profit was due to unfavourable market conditions, increased selling expenditure and material cost and also the overheads.
The net sales of the Company for the first six months ended rose to Rs 459.09 crores, showing an increase of 40%, from net sales of Rs 326.95 crores, achieved in the corresponding period of the previous year.
Mithun K Chittilappilly, Executive Director, said that sales of major product lines such as Cables, Stabilizers, Pumps and electric water heater were good. He said that though there is a strain on the profitability, the Company was able to keep the growth momentum and expects to do better in the coming season. He also added that the Company is going ahead with the capex plans approved and expects the completion of the projects by the end of this fiscal.
V Guard receives MNRE CRISIL rating for Solar Water Heater Division
The Solar Water Heater Division was awarded the prestigious MNRE – CRISIL rating which indicates High performance Capability and moderate Financial Strength of the company to undertake off grid projects in Solar Thermal Technology. The Ministry of New and Renewable Energy accredits companies that have efficient products and capabilities for this certification.
V-Guard announces the 'Big Idea- Business Plan Contest 2011' for MBA & B- Tech students.
V- Guard, the consumer electrical and electronic major, is launching a business plan contest. The V- Guard 'Big Idea Business Plan Contest' is aimed at promoting a spirit of entrepreneurship and innovation among MBA & B-Tech students across India. The contest provides a unique opportunity to students to get creative, propose new business avenues for V- Guard and draw up a business plan on what they think should be V- Guard's next move for growth, differentiation and leadership.
The contest comprises of different phases. The teams have to register online before 5th September, 2011 .The registered teams would be sent an online brief. The teams would then have to submit a short executive summary of their business plan for V-Guard. The top 20 teams shortlisted will then advance to the contest's finals. In this phase, each team will be mentored by a V- Guard Manager and should submit their final written report of the plan on or before 15th October 2011. This will be followed by an oral presentation before the Top Management of V- Guard. The performance of the teams would be evaluated based on the written report and the oral presentation .The first prize is Rs. 1, 00,000, the second prize Rs. 50,000 and third prize Rs 25,000.
The Business Plan Contest Finals will be held on October 21st and 22nd, 2011.
For more details, please visit our website www.vguard.in or contact
Mr John Mathew Sebastian (Mob: 9746377000)
V-Guard’s net sales for Q1 of 2011-12 up by 43%
Kochi 26th July, 2011: The Board of Directors of V-Guard Industries Limited, the electronic and electrical major today considered and adopted the unaudited financial results of Company for the quarter ended 30th June, 2011.
The net sales of the Company rose to Rs240.07 crores, showing an increase of 43%, from Rs168.21 crores, sales in the corresponding period of the previous year. The Company achieved a profit after tax of Rs12.34 crores during the quarter under review, thereby showing an increase of 11.38% over the profit after tax of Rs11.08 crores achieved in the same period of the last year.
Mithun K Chittilappilly, Executive Director of the Company said that increased product variants, better distribution network and improved brand recall levels are the factors for increase in the top line. He added that both south and Non south markets in India have contributed to achieve the desired sales. The Selling and Distribution expenses during the quarter include an expenditure towards advertising in the Indian Premier League (IPL) TV campaign and sponsoring of one team in IPL 2011, amounting to Rs6.34 crores ,which was nil during the previous year
Dr. George Sleeba, Joint Managing Director said that the Company is coming out with a state of art facility for manufacture of Solar Water Heater at the SIPCOT Industrial area at Perundurai, near Erode Dist., at an estimated cost of Rs8.50 crores. He said that solar water heaters of different capacities will be manufactured with new technology and the commercial production will commence in the last quarter of the financial year 2011-12. He added that other expansion plans for the year includes increasing the manufacturing capacities of LT Cable factory at Coimbatore and water heater and fan unit at Kala Amb and increasing the ware housing facilities at Bangalore, Palakkad and Kochi.
The Company’s 15th Annual General Meeting was held on 25th July, 2011 at Kochi and the members approved the dividend of Rs3.50 per share for the financial year 2010-11.
The Cool Office
V-Guard introduces stabilizers for Washing Machines
The new range of stabilizers for washing machines from V-Guard, India’s No.1 Stabilizer brand is creating waves in the electronic appliance market. Designed and developed by V-Guard’s ISO certified R&D, this ‘essential stabilizer’ range includes various models to suit different types of washing machines like the VM300 for washing machines without water-heating function and VM 500 & WCS 500 that are suitable for all kinds of washing machines, including semi-automatic and fully automatic versions .
The washing machine, an electronic appliance that is used on a daily basis, is extremely vulnerable to voltage variations, which is why it needs the V-Guard protection. A sudden surge in voltage or high voltage can affect machines adversely and so does working on low voltage, leading to possible damage of the PCB (Printed Circuit Board) and internal circuits. As repairing and replacement of circuit boards of washing machines are very expensive, it is essential that they be provided reliable protection against this menace, which strikes unpredictably, with V-Guard Stabilizers.
Equipped with the latest technology, these wall-mountable stabilizers come with advanced features like high/low voltage cut-off, primary switching technology, high power efficiency, mains turn-on delay, compact design and works in a wide input range. These stabilizers can also be used for treadmills and microwave ovens as well.
V-Guard’s net profit for Q4 of 2010-11 up by 85.57% And Recommends dividend of 35%
Kochi 17th May, 2011: The Board of Directors of V-Guard Industries Limited, the electronic and electrical major today considered and adopted the audited financial results of Company for the year ended 31st March, 2011.
The profit after tax before exceptional profit for the fourth quarter of the
fiscal 2010-11 increased to Rs11.29 crores, which is 85.57 % up over the corresponding quarter of previous year. The turnover of the Company for the last quarter was Rs222.59 crores, showing an increase of 56.46%, from Rs142.27crores, the turnover for corresponding quarter of the previous year.
The profit after tax before exceptional profit for the fiscal year 2010-11 increased to Rs 39.70 crores, which is 55.84 % up over the previous year. The turnover of the Company for the financial year was Rs726.34 crores, showing an increase of 59.96 %, from Rs454.09 crores, the turnover for the previous year. Considering the improved profit, the Board of Directors recommends payment of dividend at the rate of 35 % i.e. Rs3.50 per share.
Mithun K Chittilappilly, Executive Director of the Company said that the surge in the top line and profit is mainly due to the strategy of foraying into the new markets which has paid off well. The contribution from non-south Indian markets to the turnover is more than Rs160.00 crores in the fiscal 2010-11.
Dr. George Sleeba, Joint Managing Director said that the Company has fully utilized the proceeds of the IPO for commissioning of various projects mentioned in the offer document and the remaining two projects i.e distribution centre in Hubli and Vijayawada will be completed in the third quarter of the current fiscal. He added that, “The total estimated capex for the financial year 2011-12 is more than Rs20.00 crores which includes setting up of a manufacturing facility for solar water heater at Perundurai with improved technology”.
V-Guard is Official Partner to Kochi Tuskers
Kochi: V-Guard- India’s leading electric and electronics major is the official partner to Kerala’s 20-20 IPL Team Kochi Tuskers Kerala. This prestigious partnership will give V-Guard the opportunity to feature Sri Lankan Cricketers Mahela Jayawardane, Muttiah Muralitharan and Indian Batsman VVS Laxman in their brand association promotions. The V-Guard logo will also have pride of place on the leading arm jersey of all players in the Kochi Tuskers team.
Mahela Jayawardane, the Sri Lankan Cricket Star and captain of the Kochi Tuskers team, who is just coming off a brilliant century in the 2011 World Cup Finals along with Muttiah Muralitharan, the leading wicket taker in the word of test cricket and with ace Indian Batsman VVS Lakshman, one of India’s most reliable players who can change the course of the match with his brilliant batting skills and consistent performance forms the key association ambassadors of V-Guard .Sources from the company informed that they have chosen these three stars from the team for their brand promotion as they are among the most reliable players in the cricketing world and live up to the very meaning of V-Guard’s famous punchline- “the name you can trust”.
Business Standard
Annual Young Managers contest, 2011
V-Guard Industries Ltd bagged the prestigious 29th Annual Young Managers contest, 2011, organized by Kerala Management Association (KMA) on 18th Feb 2011. Coming in ahead of many large corporate houses including IOC, BPCL, Cochin Shipyard, Federal Bank, MRF, Binani Zinc, IBS software, HML, among others. The topic was “Managing a growing Metropolis”.
It is indeed a great achievement for us. CONGRATULATIONS to the team members - Mr. Praveen V. K, Mr. John Mathew Sebastian, Mr. Vinay Suthan and Ms. Salini John, for this outstanding achievement.
The awards will be distributed at a ceremony to be held on Monday 21st Feb 2011 at 5 pm at Gokulam Convention Centre, Kaloor.
ROTARY-BINANI ZINC CSR AWARD
Malayala Manorama - 03/02/2011
V-Guard Q3 Turnover up by 48 % and Profit After Tax up by 63%
Kochi: 20th January, 2011: The Board of Directors of V-Guard Industries Limited, the Electronics and Electrical major, today considered and adopted the unaudited financial results of the Company for the Quarter Ended 31st December, 2010 (Q3).
The Net Turnover of the Company during the Quarter rose to Rs176.80 Cr. achieving a growth of 47.76% over the Net Turnover of Rs119.65 Cr. for the corresponding quarter of the previous year. The Profit Before Tax for the period under review increased to Rs11.88 Cr., showing an increase of 49.05% over Q3 Profit Before Tax of Rs7.97 Cr., achieved during FY 2009-10.
The Company recorded 62.55% rise in the Profit After Tax (PAT) at Rs8.55 Cr. in the current Q3 against Rs5.26 Cr., PAT in Q3 of last year.
During the current fiscal 2010-2011 the Company crossed yet another milestone, by achieving a net turnover of Rs503.74 Cr. for the first nine months of the fiscal 2010-2011. The growth in turnover for the first nine months period ended is 61.55%.
The Profit Before Tax for the first nine months period ended is Rs41.01 Cr., which has increased by 36.47%, over the Profit Before Tax of Rs30.05 Cr for the corresponding first nine months period ended of 2009-10. The Company achieved a Profit After Tax of Rs28.41 Cr., for the first nine months period ended 31st December, 2010, showing an increase of 46.52% over the Profit After Tax of Rs19.39 Cr., for the corresponding period of the last year.
Mithun K Chittilappilly, Executive Director of the Company said that the surge in top line was mainly due to the good growth shown by wires and Cable segment and electrical water heaters.
He added that successful launch for various models for the all the products have contributed for achieving better turnover. He said that there has been increased acceptance of the brand and products on a Pan India level.
He highlighted that focus has been given to strengthen the marketing activities both in the existing and newer markets and the involvement of dealers in strengthening the marketing activities has also been quite encouraging.
Dr. George Sleeba, Joint Managing Director said that the Company has utilized 95% of the IPO proceeds for commissioning the various projects mentioned in the offer document and the remaining two projects i.e distribution centres in Hubli and Vijayawada will be completed during the second quarter of next fiscal.
V-Guard Corporate office Wins Award for Architectural excellence
V-Guard’s new Corporate Office has been awarded the “Gold Leaf Award” for Architectural Excellence- State level- in the Public and Semi Public Buildings Category for the year 2009-10, instituted by Indian Institute of Architects-Kerala Chapter.
The design of the corporate office building of V-Guard Industries Ltd, located at Vennala, Kochi is a collaborative effort of Engineers at V-Guard and Veega Land, along with renowned Architect Roy Antony. The building, which is a stylish 12 storied structure, has been designed with the objective of creating an environment-friendly building by employing green building principles right from concept to commissioning. Besides the corporate office, the complex also houses V-Guard’s Research & Development Wing, various product groups and the also marketing division. Work stations have been provided for around 400 employees, along with a cafeteria that can accommodate 200 people, 4 conference Halls with seating capacity ranging from 20 to 200 persons and also a rooftop meeting place that can accommodate about 500 people. The office complex also has unique features like a roof garden, fitness centre, recreation room, library, in addition to the extensive open area in all floors and retiring rooms for visitors and guests.
Nestled in 1.5 acres of greenery, all 12 floors of the building has a 2 meter verandah lined with flower beds on the periphery, which occupies 20% of the total construction area.
The uniqueness advantage of this design is natural cooling, as the verandas and plants blocks direct sunlight and heat, which brings down the temperature within the building naturally and restricting the use of Air Conditioning to just 5% of the area, hence saving a huge amount of energy.
Being Environment friendly, Rain Water harvesting has been effectively implemented with a 3,30,000 litre capacity tank in which all rain water that falls on the roof collected and then treated and used for drinking, domestic and irrigation purposes. The additional source of water is a well in the compound itself; and the water is treated through various processes to make it suitable drinking and domestic use. The water used for washing and flushes are collected, recycled and treated properly in a sewage treatment plant, and inturn used irrigating gardens in all 12 floors and as well on the ground through an automated irrigation system that ensures minimum water wastage. The property also maintains “Zero Discharge” policy as per Pollution Control Norms.
The building materials used too have been selected carefully to minimize impact on environment.