Press release
VGUARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
V-Guard Industries reported Q4 FY26 revenue of Rs. 1755.27 crs, up 14.1% YoY, with profit after tax growing 23% to Rs. 112.13 crs. The quarter showed strong performance driven by electronics and electricals segments. For the full year FY26, revenue grew 7% to Rs. 5965.78 crs, but PAT declined 1.7% to Rs. 308.33 crs due to a one-time impact from new Labour Codes. Excluding this impact, underlying PAT grew 3.6%. EBITDA margin expanded in Q4 (9.7% vs 9.3%) but compressed for the full year (8.8% vs 9.2%). An exceptional item of Rs. 22.11 crs was recorded in FY26. Consumer Durables segment saw significant margin compression while Electricals showed strong growth with margin expansion.
Mixed signals for investors: Q4 shows strong operational performance with double-digit revenue and PAT growth, but FY26 PAT decline due to one-time Labour Code impact and margin compression may create near-term caution despite underlying business improvement.