V-Guard Inds.

** Shares of India's V Guard Industries VGUA.NS jump as much as 2.63% to 329.70 rupees; last up 0.45%

** Consumer electricals firm's quarterly profit jumped 23% y/y to 1.12 billion rupees ($11.71 million) on strong demand

** Revenue from operations rose 14.1%; total expenses jumped 13.4% y/y

** Centrum cuts target price by 3.5% to 410 rupees; trims EPS estimates by 4% each for FY27 and FY28

** Sees FY27 growth improving on favourable base, higher realization from price hikes

** Expects 16% revenue and 29% EPS CAGR over FY26-FY28, aided by margin gains

** YTD, stock down ~1.8%

($1 = 95.6625 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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May 12 (Reuters) - India's V-Guard Industries VGUA.NS reported a 23% rise in fourth-quarter profit on Tuesday, helped by strong demand in its electronics and electrical units.

• The consumer electricals firm posted a consolidated net profit of 1.12 billion rupees ($11.70 million) for the quarter ended March 31, compared to 911.3 million rupees a year earlier.

• Revenue from operations rose 14.1% year-on-year to 17.55 billion rupees, driven by strong sales of electronics and electrical products amid seasonal demand.

• Profit margins expanded to 6.4% from 5.9% a year earlier.

• However, V-Guard said the West Asia conflict led to price rises and operational uncertainties during the quarter.

• "The West Asia war gave rise to significant challenges in terms of operational uncertainties and commodity price inflation," the company said.

• Total expenses rose 13.4% year-on-year, primarily driven by a jump in raw material costs.

• Analysts at HDFC Securities said demand recovery is yet to gain pace, with rising raw material costs likely to keep pressure on margins.

• The electronics and electrical segments saw higher demand, with electronics revenue up 22.2% and electricals revenue up 15.9% year-on-year.

• Peers Havells HVEL.NS and Polycab POLC.NS reported higher quarterly profits, helped by strong demand for wires, cables and appliances, and steady infrastructure and housing led demand.

• Shares of V-Guard closed down 4.26% on Tuesday amid a broader market weakness.

($1 = 95.7000 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru; Editing by Nivedita Bhattacharjee)

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April 15 (Reuters) - V Guard Industries Ltd VGUA.NS:

• V GUARD INDUSTRIES LTD - SHOW CAUSE NOTICE ISSUED FOR AVAILMENT OF EXCESS ITC

• V GUARD INDUSTRIES LTD - SHOW CAUSE NOTICE DEMANDS SHORT PAYMENT OF GST WORTH 177.6 MILLION RUPEES

Source text: ID:nNSE3VDs4y

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April 7 (Reuters) - V Guard Industries Ltd VGUA.NS:

• GETS DIFFERENTIAL DUTY DEMAND FOR 16.3 MILLION RUPEES, PENALTY OF 16.3 MILLION RUPEES

Source text: ID:nBSE5DxBBM

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March 10 (Reuters) - V Guard Industries Ltd VGUA.NS:

• V GUARD INDUSTRIES - TO INVEST 250 MILLION RUPEES IN GEGADYNE ENERGY LABS

Source text: ID:nBSE204Lhj

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** Shares India's V Guard VGUA.NS jump nearly 3% to 326.35 rupees after Q3 profit surged 26% YoY

** Electrical appliances maker's cables & wires business drove growth

** Jefferies ("buy", PT 430 rupees) says cables & wires business benefited from volume growth and commodity price inflation

** Investec ("buy", PT 465 rupees) says likely benefit from higher realisation and stocking by dealers, consistent with trends seen by peers

** Stock rated "buy" on avg by 18 analysts, similar to peers Havells India HVEL.NS and Polycab India POLC.NS -- data compiled by LSEG

** Stock down 3.2% so far in Jan; dropped about 22% in 2025

($1 = 91.9525 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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Jan 28 (Reuters) - V Guard Industries Ltd VGUA.NS:

• Q3 CONSOL NET PROFIT 570.6 MILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 14.04 BILLION RUPEES

Source text: ID:nnAZN4S5F5J

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** Indian air-conditioner and fan manufacturers up between 2% and 7%

** Government to abolish the 28% goods and services tax slab, under which consumer durables such as air conditioners and refrigerators are currently taxed

** These goods are likely to be taxed at 18% under the proposed cuts, which could be implemented around the festival of Diwali in October

** Air-conditioner manufacturers Blue Star BLUS.NS and Voltas VOLT.NS up 6.88% and ~6%, respectively, on the day

** Wires and cables manufacturer Havells India HVEL.NS, which also sells air-conditioners and refrigerators under its Lloyd brand, up 5.2%

** V-Guard VGUA.NS and Crompton Greaves CROP.NS, which sell fans and coolers, up 3% and 2.5%, respectively

(Reporting by Ananta Agarwal in Bengaluru)

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April 21 (Reuters) - V Guard Industries Ltd VGUA.NS:

• RECEIVES DEMAND ORDER FROM COMMERCIAL TAX OFFICER FOR 5.5 MILLION RUPEES

Source text: ID:nBSE9kqjD9

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Feb 25 (Reuters) - UltraTech Cement ULTC.NS, India's top cement maker by capacity, will spend 18 billion rupees ($206 million) to start up a wires and cables business, deepening its foothold in the construction materials business, the company said on Tuesday.

The wires and cables business will be part of UltraTech's building products division, which includes waterproofing products, TMT steel bars, plywood, sanitary ware, hand tools as well as electrical components such as switchboards.

The investment, to be spread over two years, will involve UltraTech building a plant by December 2026 with the aim of capturing demand in a sector that, the Aditya Birla group company said, logged a compound annual growth rate of about 13% between fiscal 2019-2024.

This sector is dominated by companies such as Polycab POLC.NS and Havells HVEL.NS and one that is plagued by volatile prices of copper - a key raw material - and intense competition from smaller, cheaper local players.

Additionally, the infrastructure and construction industries, key clients of the wires and cables makers, will likely see a slowdown in 2025 due to a "modest" hike in capital spending announced in the annual budget, earlier this month.

Meanwhile, the cement industry has recently seen a slew of deals by industry leaders including UltraTech and Adani Group companies as they snap up smaller firms to deepen their presence in the industry.

($1 = 87.1700 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)

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Jan 28 (Reuters) - V Guard Industries Ltd VGUA.NS:

• Q3 CONSOL NET PROFIT 602.2 MILLION RUPEES; IBES PROFIT EST 712 MILLION RUPEES

• Q3 CONSOL REV FROM OPS 12.69 BLN RUPEES; IBES EST. 12.94 BLN RUPEES

• TO INVEST 1 BLN RUPEES FOR CAPACITY ADDITION

• CAPACITY ADDITION IN UNIT'S MANUFACTURING FACILITY TO BE SET UP IN HYDERABAD

Source text: [ID:]

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** India's small- and mid-cap firms in Jefferies' coverage universe post 36% EPS growth in June-qtr, with over 50% beating expectations

** Says top performers were electronics makers like Kaynes KAYN.NS, Amber Enterprises AMBE.NS and Dixon DIXO.NS

** Second-best were summer beneficiaries Voltas VOLT.NS, Blue Star BLUS.NS, Whirlpool of India WHIR.NS, Crompton Greaves CROP.NS, Havells HVEL.NS and V Guard VGUA.NS

** Third-best were capex and housing-linked firms like Polycab POLC.NS, Supreme Industries SUPI.NS, Pidilite PIDI.NS

** Says its top picks are V Guard, Supreme Industries, Amber Industries

** Has "buy" ratings on Voltas, Blue Star and Finolex Cables FNXC.NS

(Reporting by Bharath Rajeswaran in Bengaluru)

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July 24 (Reuters) - V Guard Industries Ltd VGUA.NS:

• V GUARD INDUSTRIES Q1 CONSOL NET PROFIT 989.7 MILLION RUPEES; LSEG IBES PROFIT EST. 845.8 MILLION RUPEES

• V GUARD INDUSTRIES Q1 CONSOL REVENUE FROM OPERATIONS 14.77 BILLION RUPEES; LSEG IBES EST. 14.07 BILLION RUPEES

• V GUARD INDUSTRIES- RADHA UNNI NAMED CHAIRPERSON

Source text for Eikon: [ID:]

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** Shares of V-Guard Industries VGUA.NS rose as much as ~7% to a record high of 404.55 rupees before shedding gains to last trade at 4.8% higher

** Reason for share move not immediately clear

** Stock, which is up for the second straight day, set for its steepest climb since March 14, if gains hold

** Stock sees busiest day in over 2 weeks, with more than 1.3 mln shares traded, 1.6x the 30-day avg

** Avg rating of 19 analysts covering the stock is "BUY;" their median PT is 395 rupees - LSEG

** Stock up ~35% so far this year, compared to a 33% and 25% surge in peers Havells India HVEL.NS and Polycab India POLC.NS

(Reporting by Aleef Jahan in Bengaluru)

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BENGALURU, May 16 (Reuters) - Indian electronic products manufacturer V-Guard Industries VGUA.NS reported a better-than-expected profit on Thursday, benefiting from higher demand in its electrical and consumer durables segment.

Kochi, Kerala-based V-Guard's consolidated net profit rose to 761.7 million rupees ($9.1 million) for the quarter ended March 31 from 527.2 million rupees a year earlier.

Analysts, on average, expected profit of 751.5 million rupees, according to LSEG data.

Cable and wire manufacturers have seen an uptick in demand, driven by growth in real estate and infrastructure sectors, with additional support from government spending aimed at boosting the economy.

Consumers also prepared for above-average summer temperatures, which propelled the sales of fans and air coolers, fuelling growth for appliance manufacturers such as V-Guard.

V-Guard's revenue rose by 17.9% to 13.43 billion rupees, driven primarily by the company's core electrical segment, which rose 10.7%.

The segment accounted for about 43.3% of total revenue during the quarter.

The company's second-largest segment, consumer durables, posted a 27.9% jump in the quarter, benefiting from a seasonally strong demand quarter.

The segment sells fans, air coolers and kitchen appliances.

Last month, rival Havells India HVEL.NS reported a higher quarterly profit on strong demand for room air conditioners and fans.

V-Guard shares settled up 2% after the results.

($1 = 83.4798 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Eileen Soreng)

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** Consumer demand for Indian electricals is soft ahead of summer, with no major pricing action seen yet, Jefferies says, citing channel checks

** Adds air conditioner (AC) stocking, which was delayed due to extended winter in north India, likely to gain traction by month-end on rising temperatures

** Forecast of above-average temperatures fuels expectations of "good upcoming summer" - note

** Says electronics-maker Amber Enterprises India AMBE.NS, "Lloyd"-branded AC seller Havells India HVEL.NS, fan maker Crompton Greaves CROP.NS and stabiliser seller V-Guard Industries VGUA.NS are key plays on a "good summer"

** Adds AC is 40% of AMBE's sales mix, Polycab India POLC.NS and Finolex Cables FNXC.NS have smaller exposures among cable makers

** Except HVEL, which is rated "hold", Jefferies recommends "buy" on all other stocks

** FNXC up 4.4%, HVEL, AMBE, CROP, VGUA and POLC down between 1%-2.7%

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 1 (Reuters) - V Guard Industries Ltd VGUA.NS:

• Q3 CONSOL NET PROFIT 582.4 MILLION RUPEES; LSEG IBES PROFIT EST. 555.1 MILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 11.65 BILLION RUPEES

• YEAR AGO Q3 CONSOL NET PROFIT 392.8 MILLION RUPEES, REVENUE 9.82 BILLION RUPEES

Source text for Eikon: ID:nBSEpvFFf

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Oct 31 (Reuters) - V Guard Industries Ltd VGUA.NS:

• Q2 CONSOL NET PROFIT 589.5 MILLION RUPEES; REFINITIV IBES PROFIT EST. 589.3 MILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 11.34 BILLION RUPEES

• YEAR AGO Q2 CONSOL PROFIT 436.6 MILLION RUPEES, REVENUE 9.87 BILLION RUPEES

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BENGALURU, Aug 9 (Reuters) - India's V-Guard Industries VGUA.NS reported a 20.2% surge in first-quarter profit on Wednesday, aided by strong demand for its electronics segment, sending its shares up nearly 11%.

Consolidated net profit for the electronic products manufacturer was at 642.2 million rupees ($7.75 million)for the quarter ended June 30, the Kochi-based company said in a filing.

Summer in India that spans from April to June boosts demands for air conditioners and inverters, benefiting companies like V-Guard.

Revenue from electronics segment, which accounts for nearly 30% of the company's revenue and includes products including inverters and air conditioner stabilizers, grew nearly 20%. It posted a pre-tax profit jump of 36.3%.

Its biggest segment electricals, which includes products such as house wiring cables, grew nearly 10%.

V-Guard's revenue from operations rose 19.3% to 12.15 billion rupees, while its gross margin increased to 32.5%, from 30.5% a year earlier due to softening commodity prices.

The company expected to post a revenue growth of 14% to 16%, excluding business from its recently acquired kitchen appliances-maker 'Sunflame' segment for fiscal 2024, it had said in the previous quarter's earnings call.

Last month, larger rival Havells HVEL.NS reported an 18.5% rise in June-quarter profit helped by strong demand for its cables and wires. However, analysts flagged margin concerns for the company.

($1 = 82.8125 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Rashmi Aich)

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** Brokerage JM Financial says electrical consumer durables to see recovery in growth on the back of higher disposable incomes and low food inflation

** India's macro environment continues to be stable, rural demand scenario shaping up well - JM Financial note

** Stable raw material prices should "alleviate margin pressure", premiumisation and operating leverage to help margins, note says

** Brokerage says tepid demand in appliances continued in Q1FY24, unseasonal rains in March/May impacted channel offtake

** We remain positive for medium to long-term, given macro tailwinds, low penetration for some of the categories and category expansion opportunities - JM Financial analysts

** Rating house maintains "buy" on Bajaj Electricals BJEL.NS, V-Guard Industries VGUA.NS, Havells HVEL.NS and Stove Kraft STOE.NS; "hold" on Crompton Greaves Consumer Electricals CROP.NS and TTK Prestige TTKL.NS

(Reporting by Hritam Mukherjee in Bengaluru)

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BENGALURU, May 30 (Reuters) - Indian electronic products manufacturer V-Guard Industries Ltd VGUA.NS reported a 41% fall in its fourth-quarter profit on Tuesday, dragged by a loss in the consumer durables segment.

The Kochi, Kerala-based company's consolidated net profit fell to 527.3 million rupees ($6.37 million) in the quarter ended March 31, from 897 million rupees a year ago.

The company's revenue from operations rose more than 7% to 11.4 billion rupees, as revenue from its new Sunflame segment offset muted growth in other segments.

Pre-tax profit from its consumer durables segment swung to a loss of 11.3 million rupees from 49.5 million rupees profit a year ago. Revenue from the segment declined 3.36% to 2.86 billion rupees.

Pre-tax profit from its electronics segment fell almost 25%, while its electricals segment fell almost 14% in the quarter.

V-Guard announced the acquisition of kitchen appliances-maker, Sunflame Enterprises Pvt. Ltd. last December for 6.6 billion rupees. Subsequently, the company reported a pre-tax profit from the segment at nearly 80 million rupees.

Total expenses increased 11.3% to 10.71 billion rupees.

Earlier in the month bigger rival, Havells India Ltd HVEL.NS posted a surge in its Q4 profit, backed by strong air conditioner sales.

Separately, the V-Guard recommended a final dividend of 1.3 rupees per share.

The company's shares fell 3.14% after the results were announced.

($1 = 82.7318 Indian rupees)

April 3 (Reuters) - V Guard Industries Ltd VGUA.NS:

• NCLT SANCTIONED SCHEME OF ARRANGEMENT BETWEEN SIMON ELECTRIC AND CO

Source text for Eikon: ID:nNSE4LnSkX

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