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General News Videocon d2h narrows down Q2 loss at Rs 24.58 crore
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Direct-to-home services provider Videocon d2h reported narrowing of its quarterly loss to Rs 24.58 crore for the second quarter ended on September 30, 2015.

It had posted a loss of Rs 61.36 crore during the same quarter last fiscal, Videocon d2h said in a filing before the United States Securities and Exchange Commission.

The company's revenue from operations during the quarter under review was up 20.34 percent to Rs 690.078 crore as against Rs 573.40 crore of the same period last fiscal.

Commenting on the result, Videocon d2h Executive Chairman Saurabh Dhoot said: "During the quarter, we focused on enhancing our channel offering and added 14 Standard Definition and 4 High Definition channels."

During the first half of FY 2015-16, Videocon d2h reduced its loss to Rs 48.98 crore as against Rs 117.12 crore of the same period (April-September) of the last fiscal. In H1 period, company's revenue from operations also went up 21.78 percent to Rs 1,352.86 crore as against Rs 1,110.89 crore.

"We have achieved EBITDA growth of 30.3 percent in the first half of the current fiscal as against our guidance of 25-30 percent growth. We are on track to deliver even stronger growth in the second half of this year, in line with the guidance shared earlier," Dhoot said.

Videocon Ind stock price

On October 21, 2015, at 11:37 hrs Videocon Industries was quoting at Rs 137.45, up Rs 2.65, or 1.97 percent. The 52-week high of the share was Rs 199.80 and the 52-week low was Rs 115.00.

The company's trailing 12-month (TTM) EPS was at Rs 1.23 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 111.75. The latest book value of the company is Rs 309.83 per share. At current value, the price-to-book value of the company is 0.44.

_http://www.moneycontrol.com/news/business/videocon-d2h-narrows-down-q2-loss-at-rs-2458-crore_3705441.html?utm_source=ref_article

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