HomeNewsBusinessEarningsVideocon Industries Q2 net loss at Rs 381.93 cr

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.

November 12, 2016 / 16:40 IST
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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.

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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.

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.