Consumer durables major Videocon Industries today reported a 70.94% fall in its net profit to Rs 72.98 crore during the second quarter ended March 31, 2009, over the corresponding period a year-ago.
The company had a net profit of Rs 251.22 crore in January-March quarter last financial year, Videocon Industries said in a 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, Videocon Industries reported a net profit of Rs 133.41 crore, registering a 73.35% fall, compared to Rs 500.71 crore in the corresponding period a year ago.
On Wednesday, shares of Videocon Industries closed at Rs 109.10, up 1.39% on the BSE.
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