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Videocon Industries reports net loss of Rs 198.96 crore in Q1FY13

01 Jun 2013 Evaluate

Videocon Industries has reported results for the first quarter and year ended March 31, 2013.

The company has reported a net loss of Rs 198.96 crore in Q1FY13 as compared to net profit of Rs. 50.32 crore in the same quarter previous year. However, total income from operations of the company has increased by 0.32% to Rs 3044.75 crore as compared to Rs 3034.88 crore in corresponding quarter last year.

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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