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See 20% growth in the industry over 2-3 yrs: Videocon
CMD of the company, Venugopal Dhoot, says the company's turnover has increased as a result the merger of Electrolux in the main company- Videocon Industries Limited.
Videocon Industries has announced its second quarter results. The company's Q2 net profit was up at Rs 208 crore from Rs 201 crore. Its PBT reported at Rs 256 crore versus Rs 220 crore.
CMD of the company, Venugopal Dhoot, says the company's turnover has increased as a result the merger of Electrolux in the main company- Videocon Industries Limited.
Excerpts from CNBC - TV18's exclusive interview with Venugopal Dhoot:
Q: You have seen growth in your net profit, though marginal, however the tax provision has gone up considerably. Why is that?
A: The tax effect has gone up considerably to Rs 47 crore, profit before tax is Rs 256 crore and turnover has gone up.
The basic reason behind this is the merger of Electrolux in the main company Videocon Industries Limited. So that is why our turnover has gone up.
Also, growth is around 20% in the consumer durables business, and in the next 2-3 years also we see the same growth.
Q: One final question on your Daewoo acquisition, the final acquisition price is still undecided, is there any conclusion on that?
A: I will answer that some other time. The result meeting is just over. The Daewoo matter will be discussed some other time.
A: The tax effect has gone up considerably to Rs 47 crore, profit before tax is Rs 256 crore and turnover has gone up. 
