Dolat Capital: V-Guard Industries’ Q2 Better Than Estimated
Fiber-optic cables connect data servers at the headquarters of a cloud service company. (Photographer: George Frey/Bloomberg)

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

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.

Click on the attachment to read the full report:

Dolat Capital V-Guard Industries Q2FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.