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Videocon Industries reports net loss of Rs 509.78 crore in Q4

13 Feb 2017 Evaluate

Videocon Industries has reported results for fourth quarter ended December 31, 2016. 

The company has reported a net loss of Rs 509.78 crore for the quarter under review as compared to a net loss of Rs 84.42 crore for the same quarter in the previous year. Total income of the company decreased by 37.52% at Rs 2097.79 crore for the quarter under review as compared Rs 3357.50 crore for the corresponding quarter 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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