V-Guard Industries Q2 Results Live : V-Guard Industries has announced its Q2 results for the fiscal year 2024 on October 29, revealing a topline growth of 14.13% year-over-year (YoY) and a profit increase of 7.53% YoY. Despite these positive annual figures, the company faced a significant decline compared to the previous quarter, with revenue falling by 12.4% and profit decreasing by 35.95%.
The company’s selling, general, and administrative expenses have risen, with a quarter-over-quarter (q-o-q) increase of 5.52% and a year-over-year (Y-o-Y) increase of 21.87%. This rise in expenses may be contributing to the decline in profit margins compared to the previous quarter.
Operating income also took a hit, down by 34.24% q-o-q, although it showed a positive increase of 21.25% Y-o-Y. The earnings per share (EPS) for Q2 stood at ₹1.44, reflecting a 7.46% increase from the same quarter last year.
In terms of stock performance, V-Guard Industries has shown a return of 2.62% over the last week, a remarkable 24.45% return over the past six months, and an impressive 46.01% year-to-date return. The company’s market capitalization currently sits at ₹18569.92 Crores, with a 52-week high of ₹577.45 and a low of ₹283.10.
As of October 30, 2024, analysis from 17 analysts covering V-Guard Industries presents a mixed outlook. Among them, one analyst has given a ‘Strong Sell’ rating, another has rated it as ‘Sell’, six analysts recommend ‘Hold’, five suggest ‘Buy’, and four have provided a ‘Strong Buy’ rating. The overall consensus recommendation as of this date is to ‘Buy’.
V-Guard Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1293.99 | 1477.1 | -12.4% | 1133.75 | +14.13% |
| Selling/ General/ Admin Expenses Total | 129.32 | 122.56 | +5.52% | 106.11 | +21.87% |
| Depreciation/ Amortization | 22.11 | 21.73 | +1.75% | 19.79 | +11.72% |
| Total Operating Expense | 1205.84 | 1343.06 | -10.22% | 1061.05 | +13.65% |
| Operating Income | 88.15 | 134.04 | -34.24% | 72.7 | +21.25% |
| Net Income Before Taxes | 84.62 | 132.36 | -36.07% | 77.53 | +9.14% |
| Net Income | 63.39 | 98.97 | -35.95% | 58.95 | +7.53% |
| Diluted Normalized EPS | 1.44 | 2.25 | -36% | 1.34 | +7.46% |
