Kochi, January 28, 2025 – V-Guard Industries Limited (NSE: VGUARD, BSE: 532953) has reported its Q3 FY25 financial results, posting a 9% year-on-year (YoY) increase in revenue while net profit saw a marginal decline due to higher input costs. The company also announced an expansion plan, committing ₹100 crore towards increasing fan manufacturing capacity.
Key Financial Highlights – Q3 FY25 (Consolidated)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹1,268.65 crore | ₹1,165.39 crore | +8.9% |
| Total Income | ₹1,274.08 crore | ₹1,168.58 crore | +9.0% |
| Net Profit (PAT) | ₹60.22 crore | ₹58.24 crore | +3.4% |
| EBITDA Margin | 17.7% | 18.3% | -60 bps |
| Earnings Per Share (EPS) | ₹1.38 | ₹1.33 | +3.8% |
- Revenue: ₹4,039.74 crore (up 14.9% YoY).
- Net Profit: ₹222.58 crore (up 22.7% YoY).
Major Announcements & Strategic Developments
₹100 Crore Investment in Fan Manufacturing Expansion
- Location: Hyderabad, under wholly owned subsidiary V-Guard Consumer Products Limited (VCPL).
- New Capacity Addition: 26 lakh units of ceiling fans per annum, to be phased over 4-5 years.
- Funding: Internal accruals.
- Rationale:
- Addressing growing demand for premium fans.
- Strengthening supply chain security and cost optimization.
Leadership Transition: Kochouseph Chittilappilly to Step Down
- Founder & Chairman Emeritus, Kochouseph Chittilappilly, has announced his decision to step down effective March 31, 2025, as he turns 75 years old.
- The Board acknowledged his contributions and confirmed that he will continue to guide the company informally.
Employee Stock Options Issuance (ESOS 2013)
- Issued & allotted: 47,451 equity shares to employees exercising their stock options.
- Face Value: ₹1 per share.
Management Commentary
Mithun K. Chittilappilly, Managing Director, V-Guard Industries, stated:"The strategic investment in our fan manufacturing unit underscores our commitment to enhancing production efficiency and product innovation. We aim to maintain our leadership in the electrical and consumer durables market while adapting to evolving consumer demands."