Consolidated net profit for FY 19 increased 24% over previous year to Rs 167.23 crore. The net revenue for the year stood at Rs 2594.44 crore, an increase of 11% from a year ago.
The board has recommended a dividend of 80 paise (80%) per equity share for the year 2018-19. `` Despite challenges of commodity and currency volatility we were able to do well. We continue to work towards enhancing organisational capabilities and improving our competitiveness in the market,’’ said Mithun K Chittilappilly, MD, V-Guard Industries.
He said wires, modular switches and switch gear and kitchen appliances grew well. Modular switches were launched in some of the non-south markets. Air coolers were rolled out to more south and non-south markets.
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