V-Guard Industries Ltd. has reported a strong top-line performance for the third quarter of FY 2025–26, even as profitability was impacted by a one-time exceptional charge linked to new labour regulations.
The company’s consolidated net revenue from operations for the quarter ended December 31, 2025 stood at ₹1,403.51 crore, marking a 10.6 per cent increase over ₹1,268.65 crore recorded in the corresponding quarter of the previous year. Consolidated profit after tax (PAT), however, declined 5.2 per cent year-on-year to ₹57.06 crore from ₹60.22 crore, largely due to an exceptional charge of ₹22.11 crore related to employee benefit obligations under the newly notified labour codes. Excluding this one-time impact, underlying PAT grew by a robust 22.3 per cent.
For the nine months ended December 31, 2025, consolidated revenue rose 4.2 per cent to ₹4,210.51 crore, while PAT declined 11.9 per cent to ₹196.20 crore.
Commenting on the results, Managing Director Mithun K. Chittilappilly said the company delivered double-digit growth in the quarter, driven mainly by strong volume growth in the electrical segment, even as commodity price inflation persisted. He added that overall margins remained resilient and expressed confidence of stronger performance in the upcoming summer season.
In Kolkata, demand across the city and adjoining eastern markets remained steady during the quarter, supported by consistent offtake of electrical products through dealer and retail channels. Industry observers note that Kolkata is expected to see improved traction ahead of the summer months, aligning with V-Guard’s optimistic outlook for the remainder of the fiscal.
