Business Daily from THE HINDU group of publications
Thursday, Jul 31, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Jul 31, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
Corporate Results
-
Electrical Goods Web Extras - New Projects V Guard Q1 net profit rises 12% Our Bureau Kochi, July 30 The net profit of V Guard Industries Ltd has grown by 11.9 per cent to Rs 5.7 crore (Rs 5.09 crore) for the first quarter of the current fiscal. The profit before tax was up 9 per cent at Rs 8.55 crore (Rs 7.83 crore). The earnings per share on an annualised basis increased to Rs 7.64. Sales increased by 18 per cent to Rs 79.28 crore (Rs 67.20 crore) during the quarter. The board of directors, which met in Kochi, adopted the un-audited financial results for the quarter. “The financial results have displayed that the company is on the right track. V Guard has already embarked on expansion plans and its outcome will be evident in the coming quarters,” Mr Kochouseph Chittilappilly, Managing Director of V Guard Industries, said. The company is the largest manufacturer of voltage stabilizers in India and is on an expansion phase — opening more branches in North India and enhancing production facilities in other parts of the country. Two of the projects — Pilot Production Centre for pump at Coimbatore and distribution centre at Bangalore — funded through the recent initial public offer, have been completed.
Two new factories, the building wire cable unit at Uttarakhand and low tension power control cable manufacturing unit at Coimbatore, are expected to commence commercial production during the third quarter of the current fiscal, Mr Chittilappilly said. The other projects at Himachal Pradesh and distribution centre at Hubli and Vijayawada are also expected to be completed by the end of the year. More Stories on : Electrical Goods | New Projects
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|