Saturday, May 19, 2012

Videocon Industries Q1 Net down 70% at Rs 50.32cr


Diversified business group Videocon Industries today reported 69.81% dip in standalone net profit at Rs 50.32 crore for the quarter ended March 31, 2012.

The company had posted a net profit of Rs 166.69 crore in the same period of previous fiscal, Videocon Industries said in a filing to the BSE.

The total standalone total income from operations stood at Rs 2,996.31 crore for the quarter against Rs 3,115.76 crore in the year-ago period, down 3.83%.

The company had said yesterday that it will raise USD 51.02 million (over Rs 270 crore) through issue of securities on a private placement basis from overseas market.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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