Videocon Industries gains despite reporting 4% fall in Q1 net profit

Videocon Industries is currently trading at Rs. 169.70, up by 4.30 points or 2.60 % from its previous closing of Rs. 165.40 on the BSE.

The scrip opened at Rs. 165.00 and has touched a high and low of Rs. 172.60 and Rs. 165.00 respectively. So far 41444 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.05 on 10-Jun-2014 and a 52 week low of Rs. 153.00 on 09-Dec-2013.

Last one week high and low of the scrip stood at Rs. 167.80 and Rs. 161.85 respectively. The current market cap of the company is Rs. 5396.59 crore.

The promoters holding in the company stood at 68.82 % while Institutions and Non-Institutions held 11.80 % and 11.30 % respectively.

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.