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Videocon Industries reports 4% fall in Q1 net profit

16 Aug 2014 Evaluate

Videocon Industries has reported results for first quarter ended June 30, 2014.

The company’s net profit has declined by 3.86% at Rs 10.22 crore as compared to Rs 10.63 crore for the quarter ended June 30, 2013. However, its total income has increased by 2.07% to Rs 3352.05 crore for the quarter under review from Rs 3283.92 crore for the corresponding quarter of the previous year.

Videocon Industries, established two decades ago, is a global conglomerate. Videocon’s businesses consist of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.

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