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Videocon Industries reports 71% fall in Q2 net profit

16 Aug 2012 Evaluate

Videocon Industries has reported results for second quarter ended June 30, 2012.

On standalone basis, the company has reported a fall of 71.47% in its net profit at Rs 50.11 crore for the quarter, as compared to Rs 175.63 crore for the same quarter in the previous year. Total income of the company has decreased by 5.63% to Rs 3081.77 crore for the quarter under review as compared to Rs 3265.66 crore for the quarter ended June 30, 2011.

Videocon Industries, established two decades ago, is a global conglomerate with market capitalization of $2.5 billion. Videocon’s businesses’ consists of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.  

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