Videocon Industries Q2 net loss at Rs 381.93 cr

Videocon Industries reported a standalone net loss of Rs 381.93 crore for the quarter ended on September 30, 2016, due to lower income from operations.
The company had posted a net profit of Rs 7.57 crore in the corresponding period of 2015-16.
Its total income from operations fell by 14.13 per cent to Rs 2,677.23 crore in the quarter under review as against Rs 3,117.89 crore a year ago, Videocon Industries said in a BSE filing.
During the quarter, the company said its revenue from consumer electronics and home appliances vertical declined by 12.20 per cent to Rs 2,572.39 crore.

Its revenue from crude oil and natural gas business fell 44.79 per cent to Rs 101.77 crore during the quarter.