Videocon Industries net profit drops sharply

Electronics to consumer durables major Videocon Industries has saw its profits slump to Rs 152.30 million for the quarter ended September 30, 2012 as compared to Rs. 1168.20 million for the quarter ended September 30, 2011.

Total income has decreased from Rs. 32788.50 million for the quarter ended September 30, 2011 to Rs. 30475.90 million for the quarter ended September 30, 2012.

Shares of Videocon Industries closed at Rs 169.60 on the Bombay Stock exchange on Friday and should react to the results on Monday, given that the results were declared after market hours.

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