V-Guard Industries Q4 FY25: Profit up 20%, debt-free

What V-Guard reported for the March quarter

V-Guard Industries Ltd reported a higher consolidated profit for the March quarter, supported by double-digit growth in revenue from operations. For the quarter ended March 31, 2025, consolidated net profit rose 19.6% to ₹91.13 crore, compared with ₹76.17 crore a year earlier. Revenue from operations increased 14.54% to ₹1,538.08 crore versus ₹1,342.77 crore in the corresponding quarter of the previous year. Total income, including other income, came in at ₹1,542.58 crore, up 14.46% year-on-year. Total expenses for the quarter rose 14.22% to ₹1,424.36 crore.

Key quarterly numbers in one view

The quarter also showed a reported net profit margin of 5.91% for Q4 FY25, based on the data provided. The broader quarterly results table (figures in ₹ crore) shows net sales of ₹1,480.07 crore and profit after tax of ₹78.06 crore for March 2025, along with an adjusted EPS of ₹1.79. In the same table, other income was ₹3.23 crore and interest cost was ₹1.28 crore for March 2025. Separately, the March 2025 quarter profit summary in the feed highlights ₹91.13 crore consolidated net profit, indicating that different tables in the source capture different reporting cuts. Where specified, the March quarter commentary and regulatory filing numbers are treated as consolidated.

Full-year FY25: higher income and profit

For the financial year ended March 31, 2025, V-Guard reported consolidated net profit of ₹313.72 crore, up 21.8% from ₹257.58 crore a year earlier. Total consolidated income for FY25 rose 14.47% to ₹5,598.71 crore.

The profit and loss table provided alongside the quarter data shows FY25 net sales of ₹5,308.87 crore and net profit of ₹260.22 crore, with adjusted EPS of ₹5.97. The same table lists operating profit of ₹421.82 crore for FY25 and interest cost of ₹19.92 crore. The presence of both consolidated and profit and loss table figures in the source suggests readers should check the exact basis used in each table, while the regulatory filing summary provides the consolidated headline numbers for FY25.

Management comments: margins and Sunflame term loan

Managing Director Mithun K Chittilappilly said the business delivered robust performance in the fourth quarter with growth in both revenue and profitability. He also pointed to improvement in gross margins on a year-on-year basis. The company stated it has pre-closed the entire term loan related to the Sunflame acquisition and is back to being a debt-free company, supported by strong cash flows.

In the additional quarter performance note included in the source, V-Guard reported gross margin of 35.5% for Q4 compared with 34.5% in Q4 of the previous year, an increase of 100 basis points. It also reported EBITDA, excluding other income, of ₹143 crore for Q4, up 11.9% year-on-year. For the full year, the same note cited EBITDA of ₹513 crore, up 20%, with EBITDA margin at 9.2% versus 8.8% in the previous year.

Balance sheet and cash flow signals in the dataset

The snapshot data lists cash of ₹30.49 crore and debt of ₹10.81 crore, alongside the statement that the company is virtually debt free. It also states that debt has decreased by ₹280.22 crore and shows an interest coverage ratio of 18.4563. The cash conversion cycle is listed at 27.5388 days.

On cash flows, the provided table shows operating cash flow of ₹444.49 crore in FY25. The annual cash flow summary also lists net cash flow from operating activities at ₹476.96 crore for FY25 and ₹392.74 crore for FY24. While the two operating cash flow presentations differ in the dataset, both indicate positive operating cash generation in FY25.

Shareholding, returns and key ratios cited

Promoter holding is listed at 53.23%. The ROE is stated as 14.1242%. The EPS (TTM) is listed as ₹5.54, and sales growth is shown as 16.44%.

V-Guard shares settled at ₹376.90 on the BSE, down 0.59% from the previous close, on the day referenced in the feed. The source also mentions that over the past five years, the share price moved from around ₹177 in July 2017 to around ₹224 in July 2022, a return of 26.5% for that period.

Dividend and upcoming results date

V-Guard has declared a dividend of ₹1.50 per share on July 31, 2025, as stated in the dataset. The company note also describes this as a final dividend recommendation of 150%, equating to ₹1.5 per equity share.

The upcoming earnings date is listed as October 29, 2025.

What the quarter suggests for investors tracking the stock

The March quarter outcome combines double-digit revenue growth with faster growth in net profit, as per the consolidated numbers. The debt commentary is closely linked to the Sunflame acquisition, with the company stating it has repaid the related term loan ahead of schedule. Margin improvement was also highlighted through the reported gross margin increase to 35.5% and an EBITDA margin of 9.2% for the full year in the provided note.

But the dataset also includes multiple tables with different revenue and profit totals for similar periods, so readers comparing performance should verify which figures are consolidated and which are from standalone or other presentations. Within the data given, the direction is consistent: FY25 shows higher income and higher profit versus FY24, along with strong operating cash flow.

Conclusion

V-Guard’s Q4 FY25 results showed revenue growth of 14.54% and net profit growth of 19.6% on a consolidated basis, while FY25 profit rose 21.8% to ₹313.72 crore with higher total income. The company also highlighted term-loan repayment tied to the Sunflame acquisition and a ₹1.50 dividend. The next key event on the calendar, as listed, is the upcoming earnings date on October 29, 2025.