V-Guard Q3: Profit Dips on One-Time Charge, Revenue & Margins Up, Summer Outlook Bright

• V-Guard Industries Ltd reported a consolidated net profit of ₹57 crore for Q3, a 5.3% decline year-on-year.
• Profit was impacted by a one-time exceptional charge of ₹22.11 crore due to reassessment of employee benefit obligations under new labour codes.
• Excluding the one-time impact, underlying profit after tax grew by 22.3%.
• Revenue for the quarter increased by 10.6% to ₹1,403.5 crore, driven by strong volume growth in the electrical segment.
• EBITDA rose 18.2% to ₹123.2 crore, with EBITDA margin expanding to 8.8% from 8.2%.

Why It Matters: V-Guard's Q3 profit dipped due to a one-time charge, but revenue and margins grew, with an optimistic summer outlook.