V-Guard slips on poor Q3

V-Guard is streaked deep red. Though volumes are up almost 7.5 times today, the stock is down 4.5% at Rs.1090 with an intra day low at Rs.988.

The stock has slipped because of its disappointing performance. V-Guard Industries, which makes UPS, inverters, batteries, cables and switchgears and many other consumer goods, did not have a very good performance for Q3FY15. On a 11% (YoY) rise in net sales at Rs.390 crore, a 15% rise in operating costs and other costs, net profit for the quarter came in at Rs.9 crore, down 47%. EBITDA for the quarter came in at Rs.22 crore, down 24% and EBITDA margin slipped down to 5.64% from 8.28%.