VGUARD

Feb 25 (Reuters) - UltraTech Cement ULTC.NS, India's top cement maker by capacity, will spend 18 billion rupees ($206 million) to start up a wires and cables business, deepening its foothold in the construction materials business, the company said on Tuesday.

The wires and cables business will be part of UltraTech's building products division, which includes waterproofing products, TMT steel bars, plywood, sanitary ware, hand tools as well as electrical components such as switchboards.

The investment, to be spread over two years, will involve UltraTech building a plant by December 2026 with the aim of capturing demand in a sector that, the Aditya Birla group company said, logged a compound annual growth rate of about 13% between fiscal 2019-2024.

This sector is dominated by companies such as Polycab POLC.NS and Havells HVEL.NS and one that is plagued by volatile prices of copper - a key raw material - and intense competition from smaller, cheaper local players.

Additionally, the infrastructure and construction industries, key clients of the wires and cables makers, will likely see a slowdown in 2025 due to a "modest" hike in capital spending announced in the annual budget, earlier this month.

Meanwhile, the cement industry has recently seen a slew of deals by industry leaders including UltraTech and Adani Group companies as they snap up smaller firms to deepen their presence in the industry.

($1 = 87.1700 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)

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Jan 28 (Reuters) - V Guard Industries Ltd VGUA.NS:

• Q3 CONSOL NET PROFIT 602.2 MILLION RUPEES; IBES PROFIT EST 712 MILLION RUPEES

• Q3 CONSOL REV FROM OPS 12.69 BLN RUPEES; IBES EST. 12.94 BLN RUPEES

• TO INVEST 1 BLN RUPEES FOR CAPACITY ADDITION

• CAPACITY ADDITION IN UNIT'S MANUFACTURING FACILITY TO BE SET UP IN HYDERABAD

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** India's small- and mid-cap firms in Jefferies' coverage universe post 36% EPS growth in June-qtr, with over 50% beating expectations

** Says top performers were electronics makers like Kaynes KAYN.NS, Amber Enterprises AMBE.NS and Dixon DIXO.NS

** Second-best were summer beneficiaries Voltas VOLT.NS, Blue Star BLUS.NS, Whirlpool of India WHIR.NS, Crompton Greaves CROP.NS, Havells HVEL.NS and V Guard VGUA.NS

** Third-best were capex and housing-linked firms like Polycab POLC.NS, Supreme Industries SUPI.NS, Pidilite PIDI.NS

** Says its top picks are V Guard, Supreme Industries, Amber Industries

** Has "buy" ratings on Voltas, Blue Star and Finolex Cables FNXC.NS

(Reporting by Bharath Rajeswaran in Bengaluru)

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July 24 (Reuters) - V Guard Industries Ltd VGUA.NS:

• V GUARD INDUSTRIES Q1 CONSOL NET PROFIT 989.7 MILLION RUPEES; LSEG IBES PROFIT EST. 845.8 MILLION RUPEES

• V GUARD INDUSTRIES Q1 CONSOL REVENUE FROM OPERATIONS 14.77 BILLION RUPEES; LSEG IBES EST. 14.07 BILLION RUPEES

• V GUARD INDUSTRIES- RADHA UNNI NAMED CHAIRPERSON

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** Shares of V-Guard Industries VGUA.NS rose as much as ~7% to a record high of 404.55 rupees before shedding gains to last trade at 4.8% higher

** Reason for share move not immediately clear

** Stock, which is up for the second straight day, set for its steepest climb since March 14, if gains hold

** Stock sees busiest day in over 2 weeks, with more than 1.3 mln shares traded, 1.6x the 30-day avg

** Avg rating of 19 analysts covering the stock is "BUY;" their median PT is 395 rupees - LSEG

** Stock up ~35% so far this year, compared to a 33% and 25% surge in peers Havells India HVEL.NS and Polycab India POLC.NS

(Reporting by Aleef Jahan in Bengaluru)

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May 16 (Reuters) - V Guard Industries Ltd VGUA.NS:

• Q4 CONSOL NET PROFIT 761.7 MILLION RUPEES; LSEG IBES PROFIT EST. 751.5 MILLION RUPEES

• Q4 CONSOL REVENUE FROM OPERATIONS 13.43 BILLION RUPEES; LSEG IBES EST. 12.92 BILLION RUPEES

• YEAR AGO Q4 CONSOL NET PROFIT 527.2 MILLION RUPEES, REVENUE 11.39 BILLION RUPEES

• DIVIDEND 1.4 RUPEES PER SHARE

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** Consumer demand for Indian electricals is soft ahead of summer, with no major pricing action seen yet, Jefferies says, citing channel checks

** Adds air conditioner (AC) stocking, which was delayed due to extended winter in north India, likely to gain traction by month-end on rising temperatures

** Forecast of above-average temperatures fuels expectations of "good upcoming summer" - note

** Says electronics-maker Amber Enterprises India AMBE.NS, "Lloyd"-branded AC seller Havells India HVEL.NS, fan maker Crompton Greaves CROP.NS and stabiliser seller V-Guard Industries VGUA.NS are key plays on a "good summer"

** Adds AC is 40% of AMBE's sales mix, Polycab India POLC.NS and Finolex Cables FNXC.NS have smaller exposures among cable makers

** Except HVEL, which is rated "hold", Jefferies recommends "buy" on all other stocks

** FNXC up 4.4%, HVEL, AMBE, CROP, VGUA and POLC down between 1%-2.7%

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 1 (Reuters) - India's V-Guard Industries VGUA.NS reported third-quarter profit above estimates on Thursday, as the electronic products maker saw an uptick in demand across segments amid the festive season.

Consolidated net profit rose 48% to 582.4 million rupees ($7 million) in the quarter ended Dec. 31 from a year earlier. Analysts, on average, had expected a profit of 555.1 million rupees, according to LSEG data.

Revenue from the electricals segment, which accounts for 40% of the revenue, rose 8% to 4.73 billion rupees, aiding the Kochi, Kerala-based company. The category includes products like electric water heaters and fans.

Key festivals, such as Diwali and Christmas, prompted retailers to roll out enticing offers.

The quarter also saw improved housing and infrastructure demand and a sturdy recovery in exports, aiding the company's sales, analysts said.

Revenue rose between 8% and 17% in all four of its segments during the quarter, helping the company's margins.

V-Guard's earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded to 8.7% from 6.8% in the year-ago quarter.

The electronics goods maker saw double-digit revenue growth in both south and non-south markets.

Rivals Havells India HVEL.NS reported a marginal growth in third-quarter profit aided by an uptick in demand for its wires and cables, while Voltas VOLT.NS reported a fall in profit, hurt by higher costs.

V-Guard shares rose as much as 4.6% after results, hitting their highest level since Dec. 20.

($1 = 82.9570 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Eileen Soreng)

Oct 31 (Reuters) - V Guard Industries Ltd VGUA.NS:

• Q2 CONSOL NET PROFIT 589.5 MILLION RUPEES; REFINITIV IBES PROFIT EST. 589.3 MILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 11.34 BILLION RUPEES

• YEAR AGO Q2 CONSOL PROFIT 436.6 MILLION RUPEES, REVENUE 9.87 BILLION RUPEES

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BENGALURU, Aug 9 (Reuters) - India's V-Guard Industries VGUA.NS reported a 20.2% surge in first-quarter profit on Wednesday, aided by strong demand for its electronics segment, sending its shares up nearly 11%.

Consolidated net profit for the electronic products manufacturer was at 642.2 million rupees ($7.75 million)for the quarter ended June 30, the Kochi-based company said in a filing.

Summer in India that spans from April to June boosts demands for air conditioners and inverters, benefiting companies like V-Guard.

Revenue from electronics segment, which accounts for nearly 30% of the company's revenue and includes products including inverters and air conditioner stabilizers, grew nearly 20%. It posted a pre-tax profit jump of 36.3%.

Its biggest segment electricals, which includes products such as house wiring cables, grew nearly 10%.

V-Guard's revenue from operations rose 19.3% to 12.15 billion rupees, while its gross margin increased to 32.5%, from 30.5% a year earlier due to softening commodity prices.

The company expected to post a revenue growth of 14% to 16%, excluding business from its recently acquired kitchen appliances-maker 'Sunflame' segment for fiscal 2024, it had said in the previous quarter's earnings call.

Last month, larger rival Havells HVEL.NS reported an 18.5% rise in June-quarter profit helped by strong demand for its cables and wires. However, analysts flagged margin concerns for the company.

($1 = 82.8125 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Rashmi Aich)

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** Brokerage JM Financial says electrical consumer durables to see recovery in growth on the back of higher disposable incomes and low food inflation

** India's macro environment continues to be stable, rural demand scenario shaping up well - JM Financial note

** Stable raw material prices should "alleviate margin pressure", premiumisation and operating leverage to help margins, note says

** Brokerage says tepid demand in appliances continued in Q1FY24, unseasonal rains in March/May impacted channel offtake

** We remain positive for medium to long-term, given macro tailwinds, low penetration for some of the categories and category expansion opportunities - JM Financial analysts

** Rating house maintains "buy" on Bajaj Electricals BJEL.NS, V-Guard Industries VGUA.NS, Havells HVEL.NS and Stove Kraft STOE.NS; "hold" on Crompton Greaves Consumer Electricals CROP.NS and TTK Prestige TTKL.NS

(Reporting by Hritam Mukherjee in Bengaluru)

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May 30 (Reuters) - V Guard Industries Ltd VGUA.NS:

• MARCH-QUARTER CONSOL NET PROFIT 527.3 MILLION RUPEES VERSUS 897 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.4 BILLION RUPEES VERSUS 10.59 BILLION RUPEES

• FINAL DIVIDEND 1.30 RUPEES PER SHARE

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April 3 (Reuters) - V Guard Industries Ltd VGUA.NS:

• NCLT SANCTIONED SCHEME OF ARRANGEMENT BETWEEN SIMON ELECTRIC AND CO

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