Jan 28 (Reuters) - Indian electrical appliances maker V Guard Industries reported a 26% rise in its quarterly profit on Wednesday, aided by higher demand for wires and cables.

Consolidated profit before exceptional items and tax rose to 994.3 million rupees ($10.83 million) for the third quarter ended December 31, up from 787.4 million rupees a year earlier.

Revenue from operations climbed 11% to 14.04 billion rupees.

For further results highlights, click here. (FULL STORY)

KEY CONTEXT

Demand for wires and cables stayed healthy on the back of increased infrastructure spending by the government and the private sector, as well as a strong real estate market.

Revenue from V Guard's electricals business, which accounts for more than 40% of its total revenue and sells cables, pumps and switches, climbed nearly 26% during the quarter.

Peers Polycab India and Havells India also posted higher quarterly profits earlier this month.

PEER COMPARISON

Valuation (next 12 Estimates Analysts'

months) (next 12 sentiment

months)

RIC PE EV/EBIT Price/S Revenue Profit Mean # of Stock to Div

DA ales growth (%) growth rating* analysts price yield

(%) target** (%)

V Guard Industries VGUA.N 33.95 21.63 NULL 12.79 26.22 Buy 15 0.75 0.48

Ltd S

Havells India Ltd HVEL.N 42.46 28.31 3.09 15.25 23.62 Buy 25 0.78 0.78

S

Crompton Greaves CROP.N 22.73 14.72 1.64 11.61 21.43 Buy 32 0.60 1.33

Consumer Electricals S

Ltd

Polycab India Ltd POLC.N 32.88 22.31 2.92 21.15 19.22 Buy 29 0.79 0.52

S

* The mean of analyst ratings standardized to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 91.8050 Indian rupees

(Reporting by Komal Salecha in Bengaluru and Praveen Paramasivam in Chennai; Editing by Subhranshu Sahu and Janane Venkatraman)