Consumer durables major Videocon Industries has registered a sharp decline in its standalone net profit for the quarter ended September 2009.  

During the quarter, the company’s profit has dropped by 15% to Rs 149.26 crore, from Rs 175.53 crore in the same quarter previous year.

In addition, Videocon’s net sales for the quarter dipped marginally at 0.18% to Rs 2621 crore, while total income for the quarter fell marginally by 0.09% to Rs 2628 crore, as compared with the prior year period.

In a separate release, Videocon Industries has informed that its board of directors has approved raising Rs 1245 crore by issuing shares on rights and preferential basis.

The stock of the company closed today at Rs 201 on BSE, down 10% compared to its previous close.