V-Guard Industries

In the third quarter, V-Guard Industries, a company that produces electronic products in India, reported a profit that exceeded expectations. Their consolidated net profit increased by 48% to 582.4 million rupees compared to the same quarter last year, surpassing analysts' average expectation of 555.1 million rupees. The revenue from the electricals segment, which contributes 40% to the total revenue, increased by 8% to 4.73 billion rupees. This growth was supported by increased demand for products like electric water heaters and fans during the festive season, including Diwali and Christmas. The company also benefited from improved housing and infrastructure demand, as well as a strong recovery in exports, which boosted sales across all segments. V-Guard's EBITDA margin expanded to 8.7% from 6.8% in the previous year's quarter. Additionally, the company experienced double-digit revenue growth in both southern and non-southern markets.