V-Guard Industries Ltd. reported a moderate yet resilient performance in the third quarter, with net profit increasing 9.4 percent year-on-year to Rs. 20.26 crore. The growth was supported by stable demand across key product segments, improved operational efficiencies and disciplined cost management. While margin pressures from input costs and competitive pricing persisted, the company managed to sustain profitability through volume-led growth and supply chain optimization.