V-Guard Industries Q2 FY27 Revenue Soars 38.2% YoY to ₹1,853 Crore; PAT Up 71%
V-Guard Industries reported Q2 FY27 consolidated revenue of ₹1,853 crore, up 38.2% YoY. PAT increased 71% to ₹112 crore. For H1 FY27, revenue was ₹3,664 crore (up 30.5% YoY) and PAT was ₹242 crore (up 74% YoY). The company saw strong growth across segments, with Electronics performing particularly well.
The substantial increase in revenue and profit, coupled with positive commentary from the CMD about robust performance across segments, indicates a high impact on the company's financial standing and investor confidence.
The company reported significant year-on-year growth in revenue and profit for both the quarter and half-year, indicating strong business performance.
V-Guard Industries Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated Net Revenue from operations of ₹1,853 crore for Q2 FY27, marking a significant 38.2% year-on-year increase. Profit After Tax (PAT) for the quarter stood at ₹112 crore, a 71% rise YoY.
For the half-year ended September 30, 2026, consolidated Net Revenue from operations reached ₹3,664 crore, up 30.5% YoY, while PAT was ₹242 crore, an increase of 74% YoY.
All business segments demonstrated strong growth, with the Electronics segment, particularly Solar Products and Digital Inverter & Battery, showing robust performance. The Electricals segment benefited from volume growth and higher price realisations due to commodity price inflation. Consumer Durables also saw revenue growth with improved profitability, aided by the integration of Sunflame.
Gross margin moderated to 34.3% in Q2 FY27 from 37.6% in Q2 FY26 due to product mix and input cost inflation. The company is undertaking pricing actions to mitigate these pressures and expects margin recovery through cost optimization and increased in-house manufacturing.
Geographically, South markets grew by 51% YoY, while Non-South markets grew by 23.2% in Q2 FY27. Non-South markets contributed 41% to total revenues in Q2 FY27. The balance sheet remains strong with a net cash position of ₹530.44 crore as of September 30, 2026.
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