| Scrip Code | 532953 |
|---|---|
| NSE Symbol | VGUARD |
| MSEI Symbol | NOTLISTED |
| ISIN | INE951I01027 |
| Name of company | V-GUARD INDUSTRIES LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 28-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 12-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 28-01-2026 10:30:00 |
| End date and time of board meeting | 28-01-2026 14:25:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 1,40,351.00 | 4,21,051.00 | |
| Other income | 573.00 | 1,589.00 | |
| Total income | 1,40,924.00 | 4,22,640.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 44,799.00 | 1,41,775.00 |
| (b) | Purchases of stock-in-trade | 40,662.00 | 1,20,057.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 4,460.00 | 4,340.00 |
| (d) | Employee benefit expense | 11,586.00 | 39,245.00 |
| (e) | Finance costs | 297.00 | 937.00 |
| (f) | Depreciation, depletion and amortisation expense | 2,652.00 | 7,979.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 26,525.00 | 80,030.00 |
| Total other expenses | 26,525.00 | 80,030.00 | |
| Total expenses | 1,30,981.00 | 3,94,363.00 | |
| 3 | Total profit before exceptional items and tax | 9,943.00 | 28,277.00 |
| 4 | Exceptional items | (2,211.00) | (2,211.00) |
| 5 | Total profit before tax | 7,732.00 | 26,066.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 2,383.00 | 7,031.00 |
| 8 | Deferred tax | (357.00) | (585.00) |
| 9 | Total tax expenses | 2,026.00 | 6,446.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 5,706.00 | 19,620.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 5,706.00 | 19,620.00 |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | 5,706.00 | 19,620.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 5,706.00 | 19,620.00 | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 5,706.00 | 19,620.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 4,363.00 | 4,363.00 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 1.3 | 4.48 | |
| Diluted earnings (loss) per share from continuing operations | 1.3 | 4.46 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 1.3 | 4.48 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 1.3 | 4.46 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 11.9900 | 11.1700 |
| 26 | Interest service coverage ratio | 34.4800 | 31.1800 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes to the unaudited standalone and consolidated financial results for the quarter and nine months ended 31.12.2025 1. The above unaudited standalone and consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of Companies Act, 2013 read with relevant rules issued thereunder. 2. The above unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 were reviewed by the Audit Committee and approved by the Board of Directors and taken on record at the meetings held on January 28, 2026. 3. Based on the management approach as defined in Ind-AS 108 - Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments and segment information is presented accordingly. Accordingly, the management has identified Electronics, Electricals, Consumer Durables and Sunflame as business segments. Electronics includes Stabilizers, Digital UPS and Solar Inverters; Electricals includes PVC Insulated Cables, Switch Gears, Pumps and Modular Switches; Consumer Durables includes Electric Water Heaters, Solar Water Heaters, Fans, Kitchen Appliances and Air Coolers; Sunflame includes products sold under trademark Sunflame and Superflame. The Company publishes the standalone financial results along with the consolidated financial results. In accordance with Ind-AS 108, Operating Segments, the Company has disclosed the segment information only for the consolidated financial results. 4. The consolidated financial results include the results of the following entities: Holding Company: V-Guard Industries Limited Subsidiaries (wholly owned): V-Guard Consumer Products Limited Guts Electro-Mech Limited Sunflame Enterprises Private Limited Associate: Gegadyne Energy Labs Private Limited 5. The Board of Directors in its meeting held on July 29, 2025 have accorded in-principle approval for merger of Sunflame Enterprises Private Limited with the V-Guard Industries Limited (Holding Company), subject to necessary approvals. The proposed merger is being carried out to take advantage of synergies with the Holding Company. 6. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 - replacing 29 existing labour laws, collectively referred to as the 'New Labour Codes'. The Group has assessed and disclosed the incremental financial impact of these changes, taking into consideration the best information available read with the FAQs released by the Ministry of Labour & Employment and the Institute of Chartered Accountants of India. Considering the materiality and non-recurring nature of this impact, the Group has presented incremental charge of Rs. 20.91 crores and Rs. 22.11 crores under “Exceptional item” in the standalone and consolidated interim financial results for the quarter and nine months ended December 31, 2025, respectively. The Group continues to monitor developments on the rules to be notified by regulatory authorities, including clarifications/ additional guidance from authorities and will continue to assess the accounting implications basis such developments/ guidance. |
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| Debt equity ratio | |
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| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Electronics | 28,595.00 | 1,14,131.00 | ||||
| 2 | Electricals | 60,198.00 | 1,68,930.00 | ||||
| 3 | Consumer Durables | 44,410.00 | 1,18,977.00 | ||||
| 4 | Sunflame | 7,148.00 | 19,013.00 | ||||
| Total Segment Revenue | 1,40,351.00 | 4,21,051.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 1,40,351.00 | 4,21,051.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Electronics | 4,779.00 | 20,752.00 | ||||
| 2 | Electricals | 7,214.00 | 18,452.00 | ||||
| 3 | Consumer Durables | 1,938.00 | 1,912.00 | ||||
| 4 | Sunflame | 257.00 | 913.00 | ||||
| Total Profit before tax | 14,188.00 | 42,029.00 | |||||
| i. Finance cost | 297.00 | 937.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 6,159.00 | 15,026.00 | |||||
| Profit before tax | 7,732.00 | 26,066.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Electronics | 57,234.00 | 57,234.00 | ||||
| 2 | Electricals | 62,302.00 | 62,302.00 | ||||
| 3 | Consumer Durables | 72,034.00 | 72,034.00 | ||||
| 4 | Sunflame | 80,413.00 | 80,413.00 | ||||
| Total Segment Asset | 2,71,983.00 | 2,71,983.00 | |||||
| Un-allocable Assets | 77,171.00 | 77,171.00 | |||||
| Net Segment Asset | 3,49,154.00 | 3,49,154.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Electronics | 26,192.00 | 26,192.00 | ||||
| 2 | Electricals | 29,437.00 | 29,437.00 | ||||
| 3 | Consumer Durables | 29,027.00 | 29,027.00 | ||||
| 4 | Sunflame | 14,009.00 | 14,009.00 | ||||
| Total Segment Liabilities | 98,665.00 | 98,665.00 | |||||
| Un-allocable Liabilities | 25,139.00 | 25,139.00 | |||||
| Net Segment Liabilities | 1,23,804.00 | 1,23,804.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | Under segment results, point ii - Other unallocable expenditure net off unallocable income, includes an exceptional item, amounting to Rs. 22.11 crores in quarter and 9 months. |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 0.00 | 0.00 |