V-Guard net profit jumps 30% to Rs 28 crore

Tuesday, Jan 31, 2017,10:57 IST By joji A A A

Mumbai | Leading consumer electrical and electronics player V-Guard Monday reported a 30 per cent rise in net profit at Rs 28 crore for the December quarter.

Revenue from operations rose to Rs 459.6 crore, an increase of 10.40 per cent over the corresponding period last financial year, the company said in a statement.

It said the revenue and profit growth was driven by the pumps division along with fans and solar water heaters.
Commenting on the performance, Mithun K Chittilappilly, Managing Director, said they could perform reasonably well in despite note ban.