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V-Guard Industries reports 20% rise in Q1 consolidated net profit

09 Aug 2023 Evaluate

V-Guard Industries has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 1.67% fall in its net profit at Rs 53.13 crore for the quarter under review as compared to Rs 54.03 crore for the same quarter in the previous year. However, total income of the company increased by 14.20% at Rs 1158.81 crore for Q1FY24 as compared Rs 1014.70 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 20.33% rise in net profit at Rs 64.22 crore for the first quarter ended June 30, 2023 as compared to Rs 53.37 crore for the same quarter in the previous year. Total income of the company increased by 19.85% at Rs 1226.55 crore for Q1FY24 as compared Rs 1023.41 crore for the corresponding quarter previous year.

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