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  Business   Companies  12 Nov 2016  Videocon Industries posts loss at Rs 381.93 crore in Q2

Videocon Industries posts loss at Rs 381.93 crore in Q2

PTI
Published : Nov 12, 2016, 4:34 pm IST
Updated : Nov 12, 2016, 4:35 pm IST

The company had posted a net profit of Rs 7.57 crore in corresponding period of 2015-16.

During the quarter, the company said its revenue from consumer electronics and home appliances vertical declined by 12.20 per cent to Rs 2,572.39 crore.
 During the quarter, the company said its revenue from consumer electronics and home appliances vertical declined by 12.20 per cent to Rs 2,572.39 crore.

New Delhi: Videocon Industries reported a standalone net loss of Rs 381.93 crore for the quarter ended on September 30, 2016, due to lower income from operations.

The company had posted a net profit of Rs 7.57 crore in the corresponding period of 2015-16.

Its total income from operations fell by 14.13 per cent to Rs 2,677.23 crore in the quarter under review as against Rs 3,117.89 crore a year ago, Videocon Industries said in a BSE filing.

During the quarter, the company said its revenue from consumer electronics and home appliances vertical declined by 12.20 per cent to Rs 2,572.39 crore.

Its revenue from crude oil and natural gas business fell 44.79 per cent to Rs 101.77 crore during the quarter.

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