V-Guard Industries Reports Strong Q4 Performance, Reappoints Mithun Chittilappilly as Managing Director

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V-Guard Industries Ltd has announced its financial results for the fourth quarter, surpassing market estimates with consolidated revenue from operations of 15.38 billion rupees, exceeding the IBES estimate of 15.18 billion rupees. The company also reported a consolidated net profit of 911.3 million rupees, slightly above the IBES profit estimate of 904.9 million rupees. Alongside its earnings announcement, V-Guard has reappointed Mithun K Chittilappilly as Managing Director and recommended a final dividend of 1.50 rupees per equity share.

Quarterly Financial Performance:
- V-Guard Industries recorded revenue of 15.38 billion rupees, exceeding market expectations and reflecting steady business growth.
- Net profit stood at 911.3 million rupees, showcasing strong operational efficiency and profitability.
- The company’s performance highlights its ability to navigate market conditions while maintaining financial stability.

Leadership Continuity and Dividend Declaration:
- Mithun K Chittilappilly has been reappointed as Managing Director, reinforcing leadership stability and strategic direction.
- The board has recommended a final dividend of 1.50 rupees per equity share, underscoring its commitment to shareholder returns.
- Analysts view these developments as positive indicators of sustained growth and investor confidence.

Sources: Economic Times, Business Standard, Moneycontrol