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Last Updated : Nov 12, 2016 04:40 PM IST | Source: PTI

Videocon Industries Q2 net loss at Rs 381.93 cr

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

 
 
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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 percent 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.

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

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

First Published on Nov 12, 2016 04:36 pm
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