V-Guard shares jumped nearly 11% on Thursday, October 29, after the company reported a 72.3% profit surge to ₹112 crore. Revenue grew 38.2% to ₹1,853 crore, driven by strong sales across all segments. Mithun K Chittilappilly said the company delivered another quarter of robust and consistent performance, with all segments recording growth.
Robust volume expansion and strategic price hikes propelled broad-based revenue gains across electronics, electricals, and consumer durables, driving strong operating margin growth. Discover how management plans to navigate lingering geopolitical supply headwinds in West Asia.
Shares of V-Guard Industries rose as much as 11% on Thursday, October 29, after the company reported a 72.3% year-on-year (YoY) jump in consolidated net profit to ₹112 crore for the second quarter, compared with ₹65 crore in the year-ago period.
Revenue from operations increased 38.2% YoY to ₹1,853 crore from ₹1,341 crore, according to the company's exchange filing. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 53.2% to ₹167 crore from ₹109 crore.
The EBITDA margin expanded by 90 basis points to 9% in the quarter, compared with 8.1% in the corresponding period last year.
V-Guard reported growth across its Electronics, Electricals and Consumer Durables segments.
V-Guard's Electricals segment led in revenue, reporting ₹794.25 crore in the quarter, up from ₹562.62 crore a year earlier. Segment results rose to ₹84.24 crore from ₹65.01 crore.
The Electronics segment recorded revenue of ₹510.24 crore, compared with ₹319.07 crore in the corresponding quarter last year, while segment results increased to ₹81.43 crore from ₹54.86 crore.
The Consumer Durables segment's revenue grew to ₹475.22 crore from ₹396.09 crore, while segment results more than tripled to ₹22.40 crore from ₹6.91 crore in the year-ago period.
Commenting on the performance, Mithun K Chittilappilly, Chairman and Managing Director of V-Guard Industries, said the company delivered another quarter of robust and consistent performance, with all segments recording strong growth.
He attributed the growth to a combination of price increases and healthy volume growth across most categories, supported by the resilience of the business, strategic focus and favourable market conditions.
However, the West Asia crisis continues to pose margin challenges, Chittilappilly said. The company is taking various measures to mitigate the impact and is monitoring geopolitical developments to protect supplies and margins.
The company expressed optimism about delivering healthy growth in the coming quarters.
V-Guard shares jumped up to 11% to their intraday high of ₹292.95 following the company's Q2 earnings announcement on Thursday and were trading about 8.3% up at ₹286 as of 1.44 pm. The stock, however, remains negative year-to-date, declining over 11% so far in 2026 and about 25% over the last 12 months.