V-Guard Industries has reported its third quarter consolidated financial results, showing a decline in net profit compared to the same period last year. The electrical equipment manufacturer posted a consolidated net profit of ₹570 million for the quarter, representing a decrease from the ₹602 million recorded in the corresponding quarter of the previous fiscal year.

Financial Performance Overview

The company's quarterly performance indicates a year-on-year decline in profitability, with net profit dropping by ₹32 million compared to the same quarter last year. This translates to a decrease of approximately 5.3% in the company's bottom line performance.

Quarterly Results Analysis

The third quarter results reflect the operational challenges and market conditions that impacted V-Guard Industries during the period. The decline in consolidated net profit suggests that the company faced headwinds that affected its overall profitability compared to the strong performance in the same quarter of the previous year.

The electrical equipment sector, where V-Guard Industries operates, has been experiencing various market dynamics that influence company performance. The reported figures provide insight into how these factors have affected the company's financial outcomes during the quarter.

Market Context

V-Guard Industries' third quarter performance comes at a time when the electrical equipment industry continues to navigate various operational and market challenges. The year-on-year comparison provides stakeholders with a clear picture of the company's current financial trajectory relative to its historical performance in the same period.

ICICI Prudential Mutual Fund has substantially increased its shareholding in v-guard industries through a significant acquisition disclosed under SEBI regulations. The mutual fund has acquired 88,84,696 shares of the electrical goods manufacturer through secondary market purchases.

Shareholding Details

The fund's shareholding has increased from 5.01% to 7.04% of V-Guard Industries' paid-up capital, marking an increase of more than 2% since the previous disclosure made on October 23, 2025. The acquisition represents a strategic investment move by one of India's leading asset management companies.

Acquisition Timeline and Method

The net acquisition of 88,84,696 shares was executed over a period spanning from October 21, 2025, to January 19, 2026. All purchases were made through the secondary market, demonstrating the fund's systematic approach to building its position in the company.

The most recent transaction involved the acquisition of 1,52,059 shares on January 19, 2026, which triggered the disclosure requirement under SEBI regulations due to the cumulative increase exceeding the 2% threshold.

Company Capital Structure

V-Guard Industries' equity share capital has shown a marginal increase during the acquisition period:

Investment Perspective

ICICI Prudential Mutual Fund has clarified that the shareholding is maintained from an investment perspective and not with the objective of seeking any controlling interest in V-Guard Industries. This disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The fund operates through various schemes and the acquisition represents a collective investment decision across these schemes. V-Guard Industries shares are listed on both BSE Limited and the National Stock Exchange of India Limited, providing adequate liquidity for such substantial transactions.