Videocon Industries Q4 Net down 47% at Rs 86.42 crore

NEW DELHI: Diversified business conglomerate Videocon Industries today reported 46.77 per cent decline in net profit for the fourth quarter ended December 31, at Rs 86.42 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 2.47 per cent to Rs 3,073.39 crore from Rs 3,151.17 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 545.56 crore, while the sales were at Rs 12,919.47 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 per cent at Rs 185.50 apiece on the BSE n late afternoon trade.