1st March 2012,Thursday
Diversified business conglomerate Videocon Industries today reported 46.77% decline in net profit for the fourth quarter ended December 31, at Rs 86 crore.
The company had posted a net profit of Rs 162.36 crore in the same period previous year.
The sales during the October-December also went down by 2.4% to Rs 3,073 crore from Rs 3,151 crore in the year-ago period, Videocon Industries said in a filing to the BSE.
For the entire 2011, Videocon's net profit stood at Rs 545 crore, while the sales were at Rs 12,919 crore, it said.
"The figures for the current year are for a period of 12 months as against 15 months in previous period," the company said.
Reacting to the results, shares of the company were quoting down by 0.11% at Rs 185 apiece on the BSE in late afternoon trade.
Diversified business conglomerate Videocon Industries today reported 46.77% decline in net profit for the fourth quarter ended December 31, at Rs 86 crore.
The company had posted a net profit of Rs 162.36 crore in the same period previous year.
The sales during the October-December also went down by 2.4% to Rs 3,073 crore from Rs 3,151 crore in the year-ago period, Videocon Industries said in a filing to the BSE.
For the entire 2011, Videocon's net profit stood at Rs 545 crore, while the sales were at Rs 12,919 crore, it said.
"The figures for the current year are for a period of 12 months as against 15 months in previous period," the company said.
Reacting to the results, shares of the company were quoting down by 0.11% at Rs 185 apiece on the BSE in late afternoon trade.
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