Dolat Capital: V-Guard Industries’ Q2 Better Than Estimated

Dolat Capital: V-Guard Industries’ Q2 Better Than Estimated

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

V-Guard Industries Ltd. saw flat sales at Rs 6.2 billion, while Ebitda was down 5% YoY at Rs 739 million with Ebitda margins were down 54 basis points YoY at 12%.

Profit after tax was down 13% at Rs 500 million.

Cash generated from operations was strong at in H1 FY21 at Rs 3.2 billion versus Rs 1.5 billion YoY, as working capital has improved significantly with cash conversion days at 53 as compared to 86 days in FY20.

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Dolat Capital V-Guard Industries Q2FY21 Result Update.pdf
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