V-Guard’s net profit up 129%
Consumer electrical and electronics company, VGuard posted net revenue from operations for the fourth quarter ended March 31, 2014 at Rs 422.44 crore; net revenue operations for the corresponding period of last financial year were at Rs 378.72 crore. Growth registered was 12 per cent. Profit after tax (PAT) for the quarter stood at Rs 20.48 crore; registering a growth of 129 per cent over corresponding period of last financial year (Rs 8.94 crore). Further, net revenue from operations for the year ended March 31, 2014 were Rs 1517.56 crore; net revenue operations for the last financial year were Rs 1360.21crore. Growth registered was 11.57 per cent. PAT for the year ended March 31, 2014 was Rs 70.13 crore; registering a growth of 11.46 per cent over the last financial year (Rs 62.92 crore). The board of directors has recommended a dividend of 45 per cent on the equity capital i.e. Rs 4.50 per equity share. During the year under review, the company achieved the milestone of crossing Rs 1,500 crore turnover. Mr Mithun K Chittilappilly, Managing Director said that during the year under review, the company has implemented new service delivery model by initiating a transformation in the customer service domain and also put in place Oracle based CRM.