Videocon Industries Net Profit Up

Videocon Industries Net Profit Up

Videocon Industries has reported a 5.55 per cent increase in standalone net profit at Rs 18.61 crore for the quarter ended December 2014. The company had reported a standalone net profit of Rs 17.63 crore for the same quarter a year ago. The company’s net sales during the quarter stood at Rs 3,135.14 crore, down 2.25% from Rs 3,207.4 crore in the same quarter last year. Its revenue from consumer electronics and home appliances segment increased marginally by 1.51% to Rs 2,888.96 crore and revenue from crude oil and natural gas segment declined 34.88% to Rs 244.66 crore. Also, Videocon Industries said it has appointed Ramabai V Dhoot as a Director of the company.

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