VGUARD quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
V-Guard Industries Ltd reported sales of ₹1,853 Cr, operating profit of ₹168 Cr (OPM 9%) and net profit of ₹112 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
VGUARD quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
1,269
1,538
1,466
1,341
1,404
1,755
1,811
1,853
Expenses
1,165
1,395
1,342
1,232
1,280
1,585
1,620
1,685
Operating Profit
104
143
124
109
123
171
191
168
OPM
8%
9%
8%
8%
9%
10%
11%
9%
Other Income
5
4
5
5
-16
8
12
14
Interest
6
3
4
2
3
3
3
3
Depreciation
25
27
26
27
27
28
28
29
Profit before tax
79
118
98
85
77
147
172
150
Tax
24%
23%
25%
23%
26%
24%
24%
25%
Net Profit
60
91
74
65
57
112
130
112
EPS in Rs
1.38
2.09
1.69
1.5
1.31
2.57
2.98
2.56
VGUARD profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
3,500
4,127
4,857
5,578
5,966
6,822
Expenses
3,159
3,807
4,429
5,064
5,439
6,170
Operating Profit
341
320
428
514
527
653
OPM
10%
8%
9%
9%
9%
10%
Other Income
10
16
33
20
1
17
Interest
8
16
40
25
12
12
Depreciation
49
64
81
96
108
111
Profit before tax
294
256
340
414
408
546
Tax
22%
26%
24%
24%
24%
-
Net Profit
228
189
258
314
308
411
EPS in Rs
5.28
4.38
5.93
7.2
7.06
9.42
Dividend Payout
25%
30%
24%
21%
21%
-
VGUARD balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
43
44
44
44
44
Reserves
1,771
2,054
2,147
2,329
2,519
Borrowings
401
134
151
165
160
Other Liabilities
936
1,098
997
1,160
1,553
Total Liabilities
3,152
3,329
3,338
3,698
4,276
Fixed Assets
1,334
1,374
1,399
1,524
1,525
CWIP
37
49
79
21
55
Investments
101
81
116
276
532
Other Assets
1,679
1,825
1,744
1,877
2,164
Total Assets
3,152
3,329
3,338
3,698
4,276
VGUARD cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
-37
424
393
477
459
Cash from Investing Activity
-121
-771
-153
-97
-364
Cash from Financing Activity
-62
326
-232
-378
-98
Net Cash Flow
-220
-21
8
3
-3
Free Cash Flow
-161
323
265
357
279
CFO/OP
15%
148%
111%
114%
107%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit