Videocon Industries Limited
NSE Symbol VIDEOIND
RESULTS FOR 4TH Q/E SEPT 2010
Videocon industries has produced good results for q/e sept 2010 –which is its fourth quarter.
Net Sales is Rs.2985.46 Cr – up from Rs.2893.65 cr of previous Qtr by 3.17% - and up from Rs.2621.24 cr of corresponding qtr by 13.89%.
Net Profit is Rs.159.92 cr – up from Rs.153.69 cr of previous qtr by 4.05% and up from rs.149.26 cr of corresponding qtr by 7.14%.
Basic EPS is Rs.5.51 compared to Rs.5.44 in previous qtr and Rs.6.51 in corresponding qtr.
Videocon according to intimations to the NSE is extending its accounting period upto Dec 2010 – for a total of 15 months. (See announcements Portion below).
Videocon is well into exploration activities in various countries such as Brazil and Indonesia. The results of all these will augur well in future for Videocon.
Videocon also is exploring the possibility of reorganization of the Company for more focus on each eactivity.
Currently, Videocon is quoting around Rs.261.At a possible 12 monthly EPS of about Rs.21 (on a FV of Rs.10), and a good future around – Videocon can see further upsides.
RESULTS IN FIGURES :
| VIDEOCON | 30-Sep-10 | 30-Jun-10 | DIF %1 | 30-Sep-09 | DIF %2 |
| Net Sales | 298546 | 289365 | 3.17 | 262124 | 13.89 |
| SIT & WIP | -1453 | -837 | 73.6 | -1271 | 14.32 |
| Raw Materials | 100748 | 97596 | 3.23 | 85647 | 17.63 |
| Traded Goods | 86339 | 82968 | 4.06 | 70381 | 22.67 |
| Employees Cost | 4994 | 4678 | 6.76 | 3379 | 47.8 |
| Depreciation | 14431 | 14160 | 1.91 | 13964 | 3.34 |
| Other Expend | 54466 | 53263 | 2.26 | 54181 | 0.53 |
| Total Expend | 259525 | 251828 | 3.06 | 226281 | 14.69 |
| Profit from Operation | 39021 | 37537 | 3.95 | 35843 | 8.87 |
| Other Income5 | 1258 | 1174 | 7.16 | 743 | 69.31 |
| Interest | 17787 | 17342 | 2.57 | 16160 | 10.07 |
| Profit before tax | 22492 | 21369 | 5.26 | 20426 | 10.11 |
| Tax expense | 6500 | 6000 | 8.33 | 5500 | 18.18 |
| Net Profit | 15992 | 15369 | 4.05 | 14926 | 7.14 |
| Face Value.Rs | 10 | 10 | 0 | 10 | 0 |
| Paid Up Equity | 29017 | 28223 | 2.81 | 22941 | 26.49 |
| Basic EPS | 5.51 | 5.44 | 1.29 | 6.51 | -15.36 |
| Diluted EPS | 5.28 | 5.21 | 1.34 | 5.89 | -10.36 |
| Public holding (%) | 26.96 | 25.49 | 5.77 | 21.26 | 26.81 |
ANNOUNCEMENTS
TO THE EXCHANGE
05-11-2010 Videocon Industries Limited has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2010.
04-11-2010 Videocon Industries Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on November 04, 2010, inter-alia, has considered and deliberated on the requirement of analyzing and evaluating, with the help of independent external consultants, various options available to re-organise and segregate various business segments of the Company with a view to ensure greater focus to the operation of each of its diverse businesses, enhanced value for shareholders and improvement in the business prospects of the Company. In view thereof, the board of directors also constituted a committee of the Board in the name and style of 'Re-organisation Committee', to carry out such the above-mentioned exercise, engage and appoint legal, tax, financial and other consultants to advise and assist it on the matter; and to do all such acts, deeds and things, as they may deem necessary and desirable, for achieving the desired objective. The Re-organisation Committee is required to submit updates with the board or directors, from time to time. Further, once the evaluation of the various options is complete, the committee is required to submit its recommendations to the board of directors with necessary justifications thereof. -
01-11-2010 Videocon Industries Limited has informed the Exchange vide its letter dated November 01, 2010 regarding "Videocon Discovers Hydrocarbon in Indonesia".
28-10-2010 Videocon Industries Limited has informed the Exchange vide its letter dated October 28, 2010, that "Videocon discovers hydrocarbon in ultra deep waters of Sergipe-Alagoas Basin Brazil".
22-10-2010 Members of the Exchange are hereby informed that 2190 partly paid up equity shares of Videocon Industries Limited has become fully paid up on receipt of final call money. In view of the above, trading in above fully paid up equity shares shall be available under the ISIN No. - INE703A01011 w.e.f. October 25, 2010.
20-09-2010 Videocon Industries Limited has informed the Exchange that the Board of Directors of the Company accorded their approval to extend the current accounting year by a period of 3 (Three) months. As such, the Current accounting year shall be a period of 15 (Fifteen) months beginning on October 01, 2009 and ending on December 31, 2010. The Subsequent accounting years, as such, shall begin on January 01 and will end on the following December 31 every year. -
16-08-2010 Videocon Industries Limited has informed the Exchange vide its letter dated August 13, 2010 that "The Rights Issue Committee of the Board of Directors of the Company has at its meeting held today, confirmed conversion of 5,22,924 partly paid-up Equity Shares into fully paid-up Equity Shares, pursuant to the payment of the First and the Final Call Money by the respective shareholders. These partly paid-up Equity Shares were allotted on 22nd April 2010, on Right Basis". -
11-08-2010 Videocon Industries Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 289365 lacs for quarter ending on 30-JUN-2010 against Rs. 246137 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 15369 lacs for the quarter ending on 30-JUN-2010 against Rs. 12435 lacs for the quarter ending on 30-JUN-2009. -
08-07-2010 Videocon Industries Limited has informed the Exchange that in terms of the resolution passed by the members of the Company at the Extraordinary General Meeting held on June 22, 2010, the Shareholders' Committee of the Board of Directors of the Company, at its meeting held on July 07, 2010, has issued and allotted 75,41,300 Equity Shares, on preferential basis, at a price of Rs. 211.96 per Equity Share, being the price determined in terms of Regulation 76(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. -
22-06-2010 Videocon Industries Limited has informed the Exchange that the Members of the Company, at the Extra-ordinary General Meeting held on June 22, 2010 have accorded their approval to: (1) Issue of Equity Shares on Qualified Institutional Placement (QIP) basis upto an amount not exceeding Rs. 1,000 Crores. (2) Issue, offer and allot Equity Shares and/or other equity linked financial instrument, in one or more tranches, for an amount not exceeding Rs. 1,000 Crores, inclusive of premium, through a follow-on public offering (FPO), Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs) and any other Depository Receipt Mechanism; (3) Issue, offer and allot Equity Shares, on preferential basis, to IDBI Bank Limited, ING Vysya Bank Limited, Oriental Bank of Commerce Limited, State Bank of Patiala, and Life Insurance Corporation of India for an aggregate sum not exceeding Rs. 161.00 Crores, inclusive of premium; (4) Revise the Minimum Floor Price for Conversion Price of the 5% US$ 90 million and 4.5% US$ 105 million Foreign Currency Convertible Bonds (FCCBs). (5) Re-appointment of Shri. Pradipkumar N. Dhoot as Wholetime Director of the Company for the period of five years from November 20, 2010 to November 19, 2015. -
22-06-2010 Videocon Industries Limited has informed the Exchange that the Rights Issue Committee of the Board of Directors of the Company, has at its meeting held on June 22, 2010, confirmed conversion of 2,83,09,456 partly paid-up Equity Shares into fully paid-up Equity Shares, pursuant to the payment of the First and the Final Call Money by the respective shareholders, upto June 15, 2010. These partly paid-up Equity Shares were allotted on April 22, 2010, on Rights Basis. -
04-06-2010 Videocon Industries Limited has informed the Exchange that the Rights Issue Committee of the Board of Directors of the Company, has at its meeting held today, approved conversion of 2,22,35,768 partly paid Equity Shares to Fully Paid Equity Shares, pursuant to the payment of the First and the Final Call Money by the shareholders upto May 31, 2010. These partly paid Equity Shares were allotted on April 22, 2010, on Rights Basis. -
15-05-2010 Videocon Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 14, 2010, have inter alia, considered and approved the followings :- (1) Issue of Equity Shares for an amount not exceeding Rs. 1,000 Crores (Rupees : One Thousand Crores only) on Qualified Institutional Placement basis; (2) Issue of Equity Shares or any other convertible instrument for an amount not exceeding Rs. 1,000 Crores, at an appropriate time, by way of Follow on Issue, Private Placement basis, Qualified Institutional Placement basis, American Depository Receipts (ADRs), Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) or any other mode or mechanism; (3) Issue of Equity Shares for an amount not exceeding Rs. 161 Crores, on Preferential Allotment basis; (4) Revision of minimum floor price for the purpose of conversion of outstanding 5% and 4.5% Foreign Currency Convertible Bonds; (5) Recommended re-appointment of Mr. Pradipkumar N Dhoot as a Whole Time Director of the Company for a period of 5 years commencing from November 20, 2010 to November 19, 2015; (6) Notice convening Extra-Ordinary General Meeting of the shareholders to seek approval for Item No. 2 to Item No.6, hereinabove. -
23-04-2010 Videocon Industries Limited has informed the Exchange vide its letter dated April 22, 2010 that : "The Rights Issue Committee of the Board of Directors of the Company, has at it meeting held today, allotted 5,13,92,243 Equity Shares of Rs.10/- each at a Premium of Rs. 215.00 per Equity Share on Rights Basis. The amount paid on application was Rs. 112.50 (Rs.5.00 towards face value and Rs.107.50 towards premium). The Basis of Allotment has been approved by the designated stock exchange ". -
06-04-2010 Videocon Industries Limited has informed the Exchange that "Videocon Industries Limited (VIL) advises that M/s Anadarko Petroleum Corporation (Anadarko), the Operator of block BM-C-30 offshore Brazil in the Campos Basin, has announced the results of the Wahoo-1 drillstem test in the Wahoo field, located in block BM-C-30, in the deepwater Campos Basin offshore Brazil. The Wahoo-1 well flowed at a test rate of approximately 7500 barrels per day of 31-degree API gravity crude oil and approximately 4 million cubic feet per day of associated natural gas".
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