V-Guard Industries Q4 results: Net profit rises 23% YoY; board recommends final dividend for FY26

V-Guard Industries reported a 23% jump in consolidated net profit at ₹112 crore on Tuesday, May 12, for the fourth quarter of the financial year (Q4 FY26) as compared to ₹91 crore in the same period last year.

The electrical goods manufacturing firm’s revenue from operations also grew 14% year-on-year (YoY) to ₹1,755 crore in the January-March period from ₹1,538 crore in the year-ago period.

The company reported strong operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 19% annually to ₹171 crore as against ₹143 crore in Q4 FY25.

Its operating profit margin in the reporting quarter expanded marginally to 9.74%, in contrast to 9.31% on a yearly basis.

Commenting on the company's performance, Managing Director Mithun. K. Chittilappilly said, “The business delivered a robust performance during the last quarter driven mainly by the electronics & electrical segments. The West Asia war gave rise to significant challenges in terms of operational uncertainties and commodity price inflation. We were able to navigate these challenges well, which reflects the inherent resilience of the business.”

Chittilappilly further said that they continue to closely monitor the evolving situation and will take appropriate actions as needed, adding that indications of a supportive summer make them hopeful of a strong start to FY27.

V-Guard Industries’ board of directors has recommended a final dividend of ₹1.50 per equity share of face value ₹1 each (150%) for the financial year 2025–26, in line with its dividend distribution policy. The dividend is subject to approval by members at the Annual General Meeting (AGM).

If approved, the dividend will be disbursed within 30 days from the date of the AGM, on or before September 9, 2026, the firm said in a statement.

For FY26, the company’s consolidated net profit stood at ₹308 crore as against ₹314 crore in FY25. The revenue from operations for the full year came in at ₹5,966 crore against Rs 5,578 crore in the preceding financial year, the company said.

V-Guard Industries share price

Following the earnings, shares of V-Guard Industries settled at ₹321.25 apiece on the National Stock Exchange, declining 3.28%.

Over a month’s time, the stock has advanced 1%, while it has tumbled 10% in the last six months. On a year-on-year basis, V-Guard Industries’ shares have slumped 16%.

Shares of the firm had hit a 52-week high of ₹409.75 on July 24, 2025, and a 52-week low of ₹290 on March 2, 2026.

The company has a total market capitalisation of ₹13,890.36 crore, according to data on the NSE.