Videocon posts Q3 results

Videocon manufactures consumer electronics and is primarily a home appliance company. It also has significant interests in oil & gas, power, and telecommunication. The company operates through four key sectors namely- consumer durables, thomson CPT, CRT glass and oil& gas.

Recently Videocon posted its Quarter ended September 2015 results, wherein the total income of the company slummed by 2.52 cent to Rs 3118 crore against Rs 3198.6 crore on yearly basis. The total expenses of Videocon decreased by 4.58 per cent to Rs 2691.25 crore y-o-y basis.

The EBITDA of the company increased by 9.54 per cent to Rs 612 crore, while the EBITDA margin expanded by 216 basis points to 19.63 per cent on yearly basis. The profit before interest and taxes rose by 12.84 per cent to Rs 426.64 crore, while the other income of Videocon reduced by 16.94 per cent to Rs 173.81 crore on yearly basis. The finance cost marginally increased by 0.59 per cent to Rs 589 crore Y-o-Y basis. The Net profit of Videocon stood at Rs 7.57 crore in Q3, 2015 compared to 1.34 crore in Q3, 2014.

Videocon has been continuously incurring losses and has huge accumulated losses as on 30th September 2015, the ability of Videocon to continue as a going concern as it is substantially dependent on its ability to fund its operating and capital expenditure requirements.

The FII holdings of Videocon slightly increased by 3 basis points to 3.16 per cent, DII holdings are stable as on 30th September 2015. Today, Videocon is trading at Rs 133.25, 2.25 per cent higher on BSE.