VGUARD V-Guard Industries Q3 FY26 results (Oct–Dec 2025) and concall
V-Guard Industries delivered a double-digit topline growth of 10.6% in Q3 FY26, primarily fueled by the Electricals segment. Despite a gross margin contraction, EBITDA margin expanded by 60 bps. PAT saw a decline due to a one-time exceptional charge, though underlying PAT improved by 22%. The company is navigating commodity inflation with planned price hikes and is optimistic about the upcoming summer season and the integration of Sunflame.
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What they filed
Q3 FY26: revenue up 11.9%, net profit down 12.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 1,229 | 1,185 | 1,480 | 1,406 | 1,272 +3% | 1,326 +12% |
| EBITDA | 91 | 83 | 121 | 94 | 85 −7% | 96 +16% |
| Net profit | 52 | 48 | 78 | 56 | 66 +27% | 42 −12% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
