V-Guard Industries Reports Record High Sales and Profits in Q1 2024

V-Guard Industries, a leading player in the consumer durables industry, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with its score improving from 7 to 15 in the last 3 months.

One of the key highlights of the financial results is the increase in net sales, which have reached a record high of Rs 1,342.77 crore in the last five quarters. This indicates a positive trend in the company's sales and reflects its strong market presence.

Another positive aspect is the operating profit (PBDIT), which has also reached its highest at Rs 127.85 crore in the last five quarters. This shows that the company's operational efficiency has improved, leading to higher profits.

The operating profit margin has also seen a significant improvement, reaching its highest at 9.52% in the last five quarters. This indicates that the company is managing its costs effectively and has become more efficient in its operations.

The profit before tax (PBT) has also shown a positive trend, with the current quarter's PBT of Rs 95.74 crore being 37.5% higher than the average PBT of the previous four quarters. This further reinforces the company's strong financial performance.

The profit after tax (PAT) has also seen a growth of 30.1% over the average PAT of the previous four quarters, reaching its highest at Rs 76.17 crore. This shows that the company is not only generating higher profits but also effectively managing its taxes.

The earnings per share (EPS) have also reached their highest at Rs 1.75 in the last five quarters, indicating an increase in profitability and creating higher earnings for shareholders.

Based on these positive financial results, MarketsMOJO has given a 'Buy' call for V-Guard Industries' stock. With its strong financial performance and positive outlook, V-Guard Industries is definitely a company to watch out for in the consumer durables industry.