Diversified company Videocon Industries posted a 23.3% increase in its net profit to INR 162.36 crore in the quarter ended December 31st 2010, over the same period last fiscal.

Videocon Industries in a filing to the Bombay Stock Exchange said that the company had a net profit of INR 131.67 crore in the quarter ended December 31st 2009. During the quarter under review, Videocon had a sales of INR 3,151.17 crore, a 12.27% rise from INR 2,806.56 crore recorded in the year-ago period.

While revenue from consumer electronics and home appliances stood at INR 2,852.43 crore, its crude and natural gas business generated a revenue of INR 298.74 crore during the quarter.

The company's raw material consumption increased by 12.3% to INR 1,046.01 crore from INR 931.40 crore spent in the corresponding quarter last fiscal.

(Sourced from PTI)