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	Consolidated
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	Multi segment
Description of single segment
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

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	Consolidated	Consolidated
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	15380800000	55778200000
	Other income	45000000	208900000
	Total income	15425800000	55987100000
2	Expenses
(a)	Cost of materials consumed	4033000000	19934800000
(b)	Purchases of stock-in-trade	5654800000	17103200000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	229900000	-1480500000
(d)	Employee benefit expense	1368600000	5187800000
(e)	Finance costs	25500000	245100000
(f)	Depreciation, depletion and amortisation expense	267800000	956600000
(f)	Other Expenses
1	Other Expenses	2664000000	9900600000
	Total other expenses	2664000000	9900600000
	Total expenses	14243600000	51847600000
3	Total profit before exceptional items and tax	1182200000	4139500000
4	Exceptional items	0	0
5	Total profit before tax	1182200000	4139500000
6	Tax expense
7	Current tax	282700000	1005900000
8	Deferred tax	-11800000	-3600000
9	Total tax expenses	270900000	1002300000
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	911300000	3137200000
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	911300000	3137200000
17	Other comprehensive income net of taxes	-31400000	-31400000
18	Total Comprehensive Income for the period	879900000	3105800000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	911300000	3137200000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	879900000	3105800000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
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	2.08	7.17
	Diluted earnings (loss) per share from continuing operations	2.07	7.14
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	2.08	7.17
	Diluted earnings (loss) per share from continuing and discontinued operations	2.07	7.14
24	Debt equity ratio	0.0001	0.0001
25	Debt service coverage ratio	0.043	0.0262
26	Interest service coverage ratio	0.4736	0.1789
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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	5294200000
	Capital work-in-progress	486200000
	Investment property	2800000
	Goodwill	2528000000
	Other intangible assets	4505300000
	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	706000000
	Trade receivables, non-current	0
	Loans, non-current	10500000
	Other non-current financial assets	197100000
	Total non-current financial assets	913600000
	Deferred tax assets (net)	90800000
	Other non-current assets	1674200000
	Total non-current assets	15500100000
2	Current assets
	Inventories	9972900000
	Current financial asset
	Current investments	101400000
	Trade receivables, current	5423100000
	Cash and cash equivalents	499800000
	Bank balance other than cash and cash equivalents	145200000
	Loans, current	28700000
	Other current financial assets	18300000
	Total current financial assets	6216500000
	Current tax assets (net)	357100000
	Other current assets	1335500000
	Total current assets	17882000000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	33382100000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	435800000
	Other equity	20542500000
	Total equity attributable to owners of parent	20978300000
	Non controlling interest	0
	Total equity	20978300000
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	983500000
	Total non-current financial liabilities	983500000
	Provisions, non-current	194300000
	Deferred tax liabilities (net)	996500000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	2174300000
	Current liabilities
	Current financial liabilities
	Borrowings, current	108100000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	567700000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	6001800000
	Total Trade payable	6569500000
	Other current financial liabilities	1701300000
	Total current financial liabilities	8378900000
	Other current liabilities	836400000
	Provisions, current	1005200000
	Current tax liabilities (Net)	9000000
	Deferred government grants, Current	0
	Total current liabilities	10229500000
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	12403800000
	Total equity and liabilites	33382100000
	Disclosure of notes on assets and liabilities

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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Electronics	4075300000	15096300000
2	Electricals	6660800000	21699400000
3	Consumer Durables	4091500000	16438700000
4	Sunflame	553200000	2543800000
	Total Segment Revenue	15380800000	55778200000
	Less: Inter segment revenue
	Revenue from operations	15380800000	55778200000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Electronics	777600000	2969100000
2	Electricals	769300000	2181600000
3	Consumer Durables	139100000	693800000
4	Sunflame	6100000	64000000
	Total Profit before tax	1692100000	5908500000
	i. Finance cost	25500000	25500000
	ii. Other Unallocable Expenditure net off Unallocable income	484400000	484400000
	Profit before tax	1182200000	4139500000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Electronics	7081500000	7081500000
2	Electricals	5694400000	5694400000
3	Consumer Durables	7704500000	7704500000
4	Sunflame	8082500000	8082500000
	Total Segment Asset	28562900000	28562900000
	Un-allocable Assets	4819200000	4819200000
	Net Segment Asset	33382100000	33382100000
4	Segment Liabilities
	Segment Liabilities
1	Electronics	2700100000	2700100000
2	Electricals	2889600000	2889600000
3	Consumer Durables	2904600000	2904600000
4	Sunflame	1325800000	1325800000
	Total Segment Liabilities	9820100000	9820100000
	Un-allocable Liabilities	2583700000	2583700000
	Net Segment Liabilities	12403800000	12403800000
	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	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	31400000	31400000
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	-31400000	-31400000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			4139500000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			245100000
	Adjustments for decrease (increase) in inventories			-1854600000
	Adjustments for decrease (increase) in trade receivables, current			524800000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			63200000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			-8600000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1078900000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			42500000
	Adjustments for increase (decrease) in other non-current liabilities			-3000000
	Adjustments for depreciation and amortisation expense			956600000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-6500000
	Adjustments for provisions, current			142200000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			339400000
	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			22800000
	Adjustments for share-based payments			259000000
	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)			-51400000
	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)			1707200000
	Net cash flows from (used in) operations			5846700000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1077100000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4769600000
	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			8700000
	Purchase of property, plant and equipment			1206600000
	Proceeds from sales of investment property			11100000
	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			22200000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			195400000
	Net cash flows from (used in) investing activities	-969200000
	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			186000000
	Dividends paid			610500000
	Interest paid			256800000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-3775100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			25300000
	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			25300000
	Cash and cash equivalents cash flow statement at beginning of period			474500000
	Cash and cash equivalents cash flow statement at end of period			499800000