V-Guard Q4 rises 2-fold at Rs 42 cr

New Delhi: Consumer electrical and electronics marker V-Guard Industries reported over two-fold rise in net profit to Rs 41.97 crore for the March quarter. V-Guard’s net sales rose 16.04 % to Rs 510.07 crore. “The business outlook remains positive during the quarter of 2016-17, considering favorable situations. It is planned to launch a mixer grinders in Tamil Nadu and introduce a new product line, gas stoves, in the kitchen appliance category in Kerala during the first quarter,” V-Guard MD Mithun K Chittilappilly said.