Videocon Q2 net profit falls to 70 pc

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Mumbai, Apr 30: Videocon Industries, the consumer durables giant in India announced a 70.94 pc fall in its net profit to Rs 72.98 crore during the second quarter ended Mar 31, 2009, over the corresponding period a year-ago.

In Jan-Mar of last financial year the Videocon had a net profit of Rs 251.22 crore as per the company filing to the Bombay Stock Exchange. Further, total income of the company during the second quarter of current financial year also dropped to Rs 2,220.60 crore from Rs 2,538.78 crore in the same period last fiscal.

For the six-month period ended March 31, the company reported a net profit of Rs 133.41 crore, registering a 73.35 per cent fall, compared to Rs 500.71 crore in the corresponding period a year ago.

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