VIDEOCON INDUSTRIES = Q3 FY 2011 = RESULTS = QTR ENDING DECEMBER 2010 = NET PROFIT UP BY 23.31% = HYDROCARBON & GAS DISCOVERIES

Videocon Industries Limited

NSE Symbol   VIDEOIND

VIDEOCON INDUSTRIES  has released its results for Q/e Dec,2010.

NET Sales  IS Rs.3151 cr – up by 5.55 from previous qtr and up by 12.28% from corresponding qtr of previous year.

Total Expenditure is Rs.2736 cr – up by 5.44% from previous qtr  and up by 11.4% from corresponding qtr of previous year.

Profit from operations is Rs.415 cr – up by 6.27% from previous qtr and by 18.44% from corresponding qtr of previous year.

Net Profit is Rs.162 Cr – up by 1.53% from previous qtr and by a good 23.31% from corresponding qtr of previous year.

Basic EPS is Rs.5.53 in Q3 – compared to Rs.5.51 in Q2 and Rs.5.44 in Q1 ; Rs.6.47 in Q4 FY 2010 and Rs.5.69 in Q3 of FY 2010.

Paid Up Equity has however gone up to Rs.301.95 cr in Q3 FY 11 from Rs.290.17cr in Q2; Rs.282.23 cr in Q1; Rs.231.27 cr in Q4 of FY 2010 and Rs.   231.27 Cr in Q3 FY 10. On Enhanced Equity also, Videocon has maintained the EPS levels well.

It is good to see that Videocon Industries is succeeding well in discovering and Oil and Gas wells in countries such as Brazil, Indonesia and Mozambique (vide announcements section below)

RESULTS TABLE :

VIDEOCON IND	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	315117	298546	289365	284083	280656
DIF %1	3151	5.55	8.9	10.92	12.28
Increase/decrease in SIT / WIP	-162	-1453	-837	-681	1673
Raw Materials	104601	100748	97596	95381	93140
Traded Goods	91447	86339	82968	79856	77653
Employees Cost	5226	4994	4678	4317	3569
Depreciation	14767	14431	14160	14092	13921
Other Expenditure	57770	54466	53263	53349	55689
Total Expenditure	273649	259525	251828	246314	245645
DIF %2	2736	5.44	8.67	11.1	11.4
Profit from Operations	41468	39021	37537	37769	35011
DIF %3	415	6.27	10.47	9.79	18.44
Other Income5	914	1258	1174	533	382
Interest6	19396	17787	17342	17337	16976
Profit before tax	22986	22492	21369	20965	18417
Tax expense	6750	6500	6000	6000	5250
Net Profit	16236	15992	15369	14965	13167
DIF %4	162	1.53	5.64	8.49	23.31
Face Value (In Rs	10	10	10	10	10
Paid Up Equity	30195	29017	28223	23127	23127
Basic EPS	5.53	5.51	5.44	6.47	5.69
Diluted EPS	5.47	5.28	5.21	6.09	5.19
Public Holding (%)	28.42	26.96	25.49	22.97	21.89

ANNOUNCEMENTS

TO THE EXCHANGE

07-02-2011    Videocon Industries Limited has informed the Exchange, vide its letter dated February 07, 2010, that "Videocon Announces Major Deepwater Natural Gas Discovery Off the Mozambique Offshore".

08-12-2010    Videocon Industries Limited has informed the Exchange that the Shareholders' Committee of the Board of Directors of the Company has allotted 1,17,65,000 equity shares, at a price of Rs.170/- per equity share, to Bennett Coleman & Company Ltd ("BCCL") pursuant to option exercised by BCCL to subscribe to 1 (One) equity share of the Company per Warrant.

03-12-2010    Videocon Industries Limited has informed the Exchange that "Videocon Industries Limited announces the launch of USD 200 million Convertible Bonds".      

30-11-2010    Videocon Industries Limited has informed the Exchange vide its letter dated November 29, 2010 regarding VIDEOCON ANNOUNCES "APACHE FARMS INTO OFFSHORE WESTERN AUSTRALIAN PERMIT WA-388-P".

29-11-2010    Videocon Industries Limited has informed the Exchange regarding a press release dated November 29, 2010, titled "VIDEOCON ANNOUNCES MAJOR DISCOVERY OFFSHORE MOZAMBIQUE".

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".

19-10-2010 Videocon Industries Limited has informed the Exchange vide its letter dated October 19, 2010 regarding "Videocon Finds Gas in another discovery well in Mozambique".

 *  *  *    E   N   D   *  *  *