The consumer electrical and electronics company V-Guard has registered a 129 per cent growth in Q4 net profit at ₹20.48 crore against ₹8.94 crore over the corresponding period.
The PAT for the year ended March 31 was ₹70.13 crore, a growth of 11.46 per cent on the ₹62.92 crore recorded in the last fiscal. The company also achieved the milestone of crossing a turnover of ₹1,500 crore during the year under review.
Better cost control measures adopted by the management has helped improve margins, Mithun K Chittilappilly, Managing Director, said in a statement.
The board of directors has recommended a dividend of 45 per cent on the equity capital i.e. ₹4.50 per equity share.
The net revenue from operations for Q4 was ₹422.44 crore against ₹378.72 crore, while the figure for the whole year was ₹1,517.56 crore against ₹1,360.21 crore.
The board also appointed Ullas Kamath, Joint Managing Director of Jyothy Laboratories Ltd, and Joshna Mithun as additional directors.
According to Mithun, the company has implemented new service delivery model by initiating a transformation in the customer service domain and also put in place an Oracle-based CRM. The new service delivery model has been introduced mainly in Kerala and it will be rolled out in other parts in FY 15.