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Videocon Industries reports 47% fall in Q4 net profit

01 Mar 2012 Evaluate

Videocon Industries has posted a fall of 46.77% in its net profit to Rs 86.42 crore for the fourth quarter ended December 31, 2011 as compared to Rs 162.36 crore for the corresponding quarter previous year.

Total Income has decreased marginally by 0.24% to Rs 3152.85 crore for quarter under review from Rs 3160.31 crore for the same quarter last year.

The company has posted a net profit of Rs 545.56 crore for the year ended December 31, 2011 as compared to Rs 744.69 crore for the year ended December 31, 2010, down by 26.74%.

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