Key Quantitative Figures and Financial Results

Standalone Financial Results (₹ in crores, Unaudited)

For the quarter ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: ₹1,767.73
  • Total Income: ₹1,780.91
  • Profit before tax: ₹129.25
  • Profit for the period (Net Profit): ₹94.63
  • Basic EPS: ₹2.16; Diluted EPS: ₹2.15

For the half year ended September 30, 2026 (H1 FY27):

  • Revenue from operations: ₹3,504.60
  • Total Income: ₹3,528.94
  • Profit before tax: ₹272.97
  • Profit for the period (Net Profit): ₹202.42
  • Basic EPS: ₹4.61; Diluted EPS: ₹4.60

Comparative Figures (Standalone):

  • Q2 FY26 (30.09.2025) Net Profit: ₹65.97 crore
  • H1 FY26 (30.09.2025) Net Profit: ₹121.68 crore
  • FY26 (31.03.2026) Audited Net Profit: ₹259.37 crore (includes an exceptional item of ₹20.91 crore related to labor code implementation)

Consolidated Financial Results (₹ in crores, Unaudited)

For the quarter ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: ₹1,852.89
  • Total Income: ₹1,866.54
  • Profit before tax (after share of loss of associate): ₹149.74
  • Profit for the period attributable to equity holders (Net Profit): ₹111.67
  • Basic EPS: ₹2.54; Diluted EPS: ₹2.54

For the half year ended September 30, 2026 (H1 FY27):

  • Revenue from operations: ₹3,663.54
  • Total Income: ₹3,688.87
  • Profit before tax: ₹321.61
  • Profit for the period attributable to equity holders (Net Profit): ₹241.92
  • Basic EPS: ₹5.51; Diluted EPS: ₹5.49

Comparative Figures (Consolidated):

  • Q2 FY26 (30.09.2025) Net Profit: ₹65.29 crore
  • H1 FY26 (30.09.2025) Net Profit: ₹139.14 crore
  • FY26 (31.03.2026) Audited Net Profit: ₹308.33 crore (includes an exceptional item of ₹22.11 crore related to labor code implementation)

Segment-Wise Revenue (Consolidated, H1 FY27)

  • Electronics: ₹1,168.70 crores
  • Electricals: ₹1,464.37 crores
  • Consumer Durables: ₹891.93 crores
  • Sunflame: ₹141.77 crores

Dates of Action

  • Board Meeting Date: October 29, 2026
  • Meeting Duration: 10:30 AM to 12:49 PM
  • Financial Period: Quarter and Half Year ended September 30, 2026
  • Director Appointment Date: October 29, 2026
  • Proposed Director Term: October 29, 2026, to October 28, 2031 (subject to shareholder approval)
  • ESOP Allotment Date: Approved on October 29, 2026

Parties Involved

  • Subsidiaries: V-Guard Consumer Products Limited, Guts Electro-Mech Limited, Sunflame Enterprises Private Limited
  • Associate: Gegadyne Energy Labs Private Limited
  • Auditors: Price Waterhouse Chartered Accountants LLP
  • New Appointee: Mr. Kurian Puthenpurayil John (DIN: 00498748)
  • Company Officials: Vikas Kumar Tak (Company Secretary & Compliance Officer), Mithun K Chittilappilly (Chairman & Managing Director)
  • Regulators: BSE Limited, National Stock Exchange of India Limited, SEBI

Purpose and Rationale

  • The board meeting was held to review and approve the financial results for Q2 and H1 FY27.
  • The appointment of Mr. Kurian John is based on the recommendation of the Nomination and Remuneration Committee to strengthen the board's governance framework with his expertise in finance, capital markets, and corporate governance.
  • The share allotment was made to fulfill the company's obligation under its existing Employee Stock Option Scheme 2013 ('ESOS 2013').

Capital Structure Impact

  • The board allotted 1,63,183 equity shares (face value ₹1 each) to thirty-six (36) employees upon exercise of stock options.
  • This issuance led to a minor change in the paid-up share capital, increasing from ₹43.68 crores (as of March 31, 2026) to ₹43.69 crores (as of September 30, 2026) on a standalone basis.

Other Board Approvals

  • The Board approved the postal ballot notice for seeking shareholder approval for the appointment of Mr. Kurian Puthenpurayil John as a Non-Executive Independent Director.

Additional Context from Notes

  • Note on Merger: The Board had previously accorded in-principle approval on July 29, 2025, for the merger of Sunflame Enterprises Private Limited with V-Guard Industries Limited, subject to necessary approvals.
  • Note on Exceptional Item (FY26): The standalone (₹20.91 cr) and consolidated (₹22.11 cr) exceptional items for the year ended March 31, 2026, represent the incremental financial impact of the newly notified Labour Codes by the Government of India.

Auditor's Review

  • The unaudited financial results were reviewed by Price Waterhouse Chartered Accountants LLP.
  • The review report states that based on their review, nothing has come to their attention that causes them to believe that the financial results have not been prepared in all material respects in accordance with the applicable accounting standards and SEBI LODR regulations.