India's largest consumer electronics maker Videocon Industries has posted net profit of Rs 124.35 crore, down 51% for the third quarter ended June 30, as compared to same period last fiscal.

The company had posted net profit of Rs 255 crore for the quarter ended June 30, 2008.

Further, company's total income has also dropped from Rs 2620.43 crore for the quarter ended June 30, 2008 to Rs 2472.76 crore for the quarter ended June 30, 2009.

Shares of Videocon Industries today closed at Rs 181.75, down 0.41 per cent from its previous close on BSE. The stock hit an intraday high of Rs. 188.40 and low of Rs. 179.15.