V-Guard’s net profit up 129%

Power Watch India - - FY2012-13 RESULTS -

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.

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