Videocon Industries retreats on dismal quarterly results

capital market | Mumbai |

Videocon Industries shed 1.37% to Rs 162.25 at 12:50 IST on BSE after the company said that net profit fell 93.35% to Rs 1.34 crore on 1.43% rise in total income to Rs 3407.86 crore in quarter ended September 2014 over quarter ended September 2013.

The result was announced on Saturday, 15 November 2014.

Meanwhile, the S&P BSE Sensex was down 74.64 points or 0.27% at 27,972.02.

On BSE, so far 23,561 shares were traded in the counter as against average daily volume of 60,030 shares in the past one quarter.

The stock hit a high of Rs 163.55 and a low of Rs 160.75 so far during the day. The stock had hit a 52-week high of Rs 211.05 on 10 June 2014. The stock had hit a 52-week low of Rs 153 on 9 December 2013.

The mid-cap firm has an equity capital of Rs 318.77 crore. Face value per share is Rs 10.

The current accounting year of the company has been extended by a period of six months. As such the current accounting year shall be of 18 months ending 31 December 2014.

Videocon Industries offers range of products in televisions, washing machines, air-conditioners, refrigerators, audio products, home theatre systems and microwave ovens. The company operates in four segments: Consumer Electronics and Home Appliances, Crude Oil and Natural Gas, Telecommunications, and Power.

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