Videocon Industries' Q1 net loss widens to Rs 2,874 cr

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

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26 Aug, 2025 12:21

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Videocon Industries' standalone net loss widened to Rs 2,874.21 crore for April-June 2018-19 as against a loss of Rs 885.82 crore in the year-ago period due to write off of certain loans and advances of Rs 1,413.35 crore.

Total income in the reported quarter stood at Rs 272.25 crore. It was Rs 1,642.11 crore in the year-ago quarter, Videocon Industries said in a BSE filing.

It said revenue from operations, part of total income, for April-June 2017 is inclusive of excise duty. Consequent to applicability of GST with effect from July 1, 2017, revenue from operations are shown net of GST.

The company said it has written off certain loans and advances aggregating to Rs 1,413.35 crore and the same is shown as exceptional items during the quarter.

The said exercise for other current assets is continuing, it added.

On June 6 this year, National Company Law Tribunal (NCLT), Mumbai bench, admitted a petition for initiating insolvency resolution process against the company under the Insolvency and Bankruptcy Code, 2016.

Shares of Videocon Industries settled 4.55 percent down at Rs 5.45 apiece on BSE.