Integrated Filing — IndAS

General information about company
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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	14-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	30-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Electronics,Electricals and Consumer durable
Start date and time of board meeting	14-May-2025   11:00:00
End date and time of board meeting	14-May-2025   14:15:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-28
Indicate Company website link for updated RPT policy of the Company	https://www.vguard.in/uploads/investor_relations/POLICY-MATERIALITY-DEALING-RELATED-PARTY-TRANSACTIONS.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
The Company has not defaulted on loans or debt securities during the Financial Year 2024-25 n

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	14800700000	53088700000
	Other income	32300000	188600000
	Total income	14833000000	53277300000
2	Expenses
(a)	Cost of materials consumed	2362100000	13667200000
(b)	Purchases of stock-in-trade	7689600000	23515800000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	58200000	-1361700000
(d)	Employee benefit expense	1257400000	4794300000
(e)	Finance costs	12800000	199200000
(f)	Depreciation, depletion and amortisation expense	204700000	736800000
(f)	Other Expenses
1	Other Expenses	2225400000	8248400000
	Total other expenses	2225400000	8248400000
	Total expenses	13810200000	49800000000
3	Total profit before exceptional items and tax	1022800000	3477300000
4	Exceptional items	0	0
5	Total profit before tax	1022800000	3477300000
6	Tax expense
7	Current tax	240000000	861800000
8	Deferred tax	2200000	13300000
9	Total tax expenses	242200000	875100000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	780600000	2602200000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	780600000	2602200000
17	Other comprehensive income net of taxes	-29900000	-29900000
18	Total Comprehensive Income for the period	750700000	2572300000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	435800000	435800000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.78	5.95
	Diluted earnings (loss) per share from continuing operations	1.78	5.92
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	1.78	5.95
	Diluted earnings (loss) per share from continuing and discontinued operations	1.78	5.92
24	Debt equity ratio	0.0001	0.0001
25	Debt service coverage ratio	0.0394	0.0228
26	Interest service coverage ratio	0.8091	0.1846
27	Disclosure of notes on financial results		1.The above standalone and consolidated financial results have been prepared in accordance with Indian Accounting Standards as prescribed under section 133 of Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities Exchange Board of India Listing obligation and Disclosure Requirements Regulation, 2015, as amended. n2.The above standalone and consolidated financial results for the quarter and year ended March 31, 2025 were reviewed by the Audit Committee and approved by the Board of Directors and taken on record at the meeting held on May 14, 2025. n3.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. nBased on changes in internal reporting of segment results, certain costs pertaining to corporate functions which were previously allocated to various segments are now presented under unallocable expense. Accordingly, segment information including comparatives for previous periods have been restated. nThe company publishes the standalone financial results along with the consolidated financials results. In accordance with Ind AS 108, Operating segments, the company has disclosed the segment information only for the consolidated financial results. n4. The consolidated financial results include the results of the following entities: nHolding Company: n • V Guard Industries Limited nSubsidiaries: n • V Guard Consumer Products Limited n • Guts Electro Mech Limited n • Sunflame Enterprises Private Limited nAssociate: n • Gegadyne Energy Labs Private Limited w.e.f. November 21, 2023 n5.The Board of Directors have recommended a final dividend of Rs.1.50 per share 150% for the year ended March 31, 2025 subject to the approval of the members in the ensuing Annual General Meeting. n6.The figures for the quarters ended March 31, 2025 and March 31, 2024 are the balancing figures between audited figures in respect of the full financial year up to March 31, 2025 and March 31, 2024 respectively and the unaudited published yearto date figures up to December 31, 2024 and December 31, 2023 respectively, being the date of the end of the third quarter of the respective financial years, which were subjected to limited review.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	3435300000
	Capital work-in-progress	481700000
	Investment property	2800000
	Goodwill	0
	Other intangible assets	510300000
	Intangible assets under development	5000000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	8885800000
	Trade receivables, non-current	0
	Loans, non-current	10500000
	Other non-current financial assets	179100000
	Total non-current financial assets	9075400000
	Deferred tax assets (net)	84800000
	Other non-current assets	953900000
	Total non-current assets	14549200000
2	Current assets
	Inventories	8650300000
	Current financial asset
	Current investments	100000000
	Trade receivables, current	5135300000
	Cash and cash equivalents	300700000
	Bank balance other than cash and cash equivalents	4200000
	Loans, current	28500000
	Other current financial assets	29600000
	Total current financial assets	5598300000
	Current tax assets (net)	339600000
	Other current assets	1251200000
	Total current assets	15839400000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	30388600000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	435800000
	Other equity	19547600000
	Total equity attributable to owners of parent	19983400000
	Non controlling interest
	Total equity	19983400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	471700000
	Total non-current financial liabilities	471700000
	Provisions, non-current	171900000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	643600000
	Current liabilities
	Current financial liabilities
	Borrowings, current	108100000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	381100000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	5983500000
	Total Trade payable	6364600000
	Other current financial liabilities	1566600000
	Total current financial liabilities	8039300000
	Other current liabilities	756500000
	Provisions, current	965800000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	9761600000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	10405200000
	Total equity and liabilites	30388600000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block
Textual Information(1)	The Company operates in multi segment ie. Electronics, Electricals and Consumer Durables. As per para 4 of Ind AS 108, the Company has opted for exemption for Segment information in the standalone Financial Statements and thus given in the consolidated financial statements. For the purpose of filing the Standalone Integrated Financials, we have chosen Single segment.

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments	Textual Information(2)

Text Block
Textual Information(2)	The Company operates in multi segment ie. Electronics, Electricals and Consumer Durables. As per para 4 of Ind AS 108, the Company has opted for exemption for Segment information in the standalone Financial Statements and thus given in the consolidated financial statements. For the purpose of filing the Standalone Integrated Financials, we have chosen Single segment.

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	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	29900000	29900000
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	0
5	Total Other comprehensive income	-29900000	-29900000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			3477300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			199200000
	Adjustments for decrease (increase) in inventories			-1555600000
	Adjustments for decrease (increase) in trade receivables, current			388800000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-56600000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-10600000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1523200000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			12900000
	Adjustments for increase (decrease) in other non-current liabilities			-3000000
	Adjustments for depreciation and amortisation expense			736800000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-6500000
	Adjustments for provisions, current			132300000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			320700000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			2400000
	Adjustments for dividend income			0
	Adjustments for interest income			12100000
	Adjustments for share-based payments			259100000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-48900000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			1882100000
	Net cash flows from (used in) operations			5359400000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			914500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4444900000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			7600000
	Purchase of property, plant and equipment			1034500000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			11600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			242800000
	Net cash flows from (used in) investing activities	-772500000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			80400000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			2802200000
	Payments of lease liabilities			179200000
	Dividends paid			610500000
	Interest paid			210900000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-3722400000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-50000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-50000000
	Cash and cash equivalents cash flow statement at beginning of period			350700000
	Cash and cash equivalents cash flow statement at end of period			300700000