Videocon Industries Ltd

CIRP status and governance

• Videocon Industries Limited and 12 Videocon group companies are under Corporate Insolvency Resolution Process (CIRP).
• Affairs are being managed by Resolution Professional Abhijit Guhathakurta.
• CIRP ongoing since NCLT orders: 6 June 2018; 8 Aug 2019; 25 Sep 2019.

Financial results submission

• Finalization of standalone and consolidated results is constrained by CIRP.
• The company will submit Q1 FY27 results for quarter ended June 30, 2026 after processes.
• Audited FY27 results will be submitted with necessary processes completed.
• Submission is planned upon completion of processes, as per SEBI LODR Regulation 29(1).

IRP details

• IRP firm engaged: Deloitte India Insolvency Professionals LLP.

Dematerialisation status

• Dematerialisation requests processed; securities confirmed to depositories as accepted or rejected.
• Dematerialised securities listed on the exchanges where the existing securities are listed.
• Physical dematerialisation certificates mutilated and cancelled; depository substituted as registered owner within 15 days.

FY25 audited results

• 📊 Revenue from operations was ₹6,471.88 million, down 0.6% year-on-year.
• 📊 Total income was ₹6,666.67 million, down 0.7% year-on-year.
• 📊 EBITDA was negative; finance costs dominated the cost base.
• 📊 Profit before tax was a loss of ₹97,611.61 million.
• 📊 Profit after tax was a loss of ₹97,611.61 million.
• 📊 Basic EPS was ₹(291.85); diluted EPS was ₹(262.84).

Quarterly performance

• 📊 Q4 FY25 revenue from operations was ₹1,622.37 million.
• 📊 Q4 FY25 total income was ₹1,656.17 million.
• 📊 Q4 FY25 PBT was a loss of ₹26,210.30 million.
• 📊 Q4 FY25 PAT was a loss of ₹26,210.30 million.
• 📊 Q4 FY25 basic EPS was ₹(78.37); diluted EPS was ₹(70.58).

Cost structure

• 📊 Finance costs rose to ₹93,220.21 million in FY25 from ₹80,060.87 million.
• 📊 Production and exploration expense-Oil & Gas was ₹5,208.37 million in FY25.
• 📊 Depreciation and amortisation expense was ₹5,275.87 million in FY25.
• 📊 Employee benefits expense was ₹125.76 million in FY25.

Balance sheet and cash

• 📊 Total assets were ₹337,905.02 million at 31 March 2025.
• 📊 Total liabilities were ₹776,724.15 million at 31 March 2025.
• 📊 Net worth was negative ₹438,819.13 million at 31 March 2025.
• 📊 Borrowings were ₹705,869.11 million at 31 March 2025.
• 📊 Cash and cash equivalents were ₹562.64 million at 31 March 2025.
• 📊 Trade receivables were ₹46,443.16 million and inventories were ₹2,203.88 million.

Segment mix

• 📊 Consumer electronics and home appliances revenue was ₹357.50 million in FY25.
• 📊 Crude oil and natural gas revenue was ₹6,120.38 million in FY25.
• 📊 Segment loss before finance cost and tax was ₹1,860.22 million in FY25.
• 📊 Unallocable loss before finance cost and tax was ₹1,564.57 million in FY25.

CIRP and audit

• ⚠️ The company remains under consolidated CIRP with 12 Videocon group entities.
• ⚠️ Statutory auditors issued a disclaimer of opinion on the FY25 standalone results.
• ⚠️ Auditors cited missing pre-CIRP records, unresolved claims, and unsupported balances.
• ⚠️ Auditors highlighted material uncertainty over going concern status.
• ⚠️ Trading in the company’s securities has remained suspended since 16 June 2021.

Working capital and cash flow

• 📊 Operating activities used ₹903.56 million in FY25.
• 📊 Investing activities used ₹6,064.27 million in FY25.
• 📊 Financing activities generated ₹6,910.95 million in FY25.
• 📊 Trade receivables increased to ₹46,443.16 million from ₹39,365.85 million.
• 📊 Loans and advances increased to ₹114,955.12 million from ₹109,190.07 million.

Business model

• 📍 The company operates consumer electronics and home appliances, plus oil and natural gas.
• 📍 Ravva Oil and Gas Field figures are included in standalone results.
• 📍 The resolution professional exercises board powers during CIRP.

Corporate Insolvency Resolution Process

• Videocon Industries and 12 group companies are under consolidated CIRP since June 6, 2018.
• Mr. Abhijit Guhathakurta appointed as Resolution Professional for the group.
• Board powers suspended; Resolution Professional exercises all board powers.
• Trading in Videocon securities suspended since June 16, 2021.
• Delay in financial results due to CIRP constraints and resignation of key personnel.
• New auditor appointed after resignation of previous auditor during CIRP.
• Resolution Professional signed and recorded unaudited Q1 FY25 financials on Feb 10, 2026.

Financial Results and Compliance

• Unaudited financial results for quarter ended June 30, 2024, submitted with limited review report.
• Delay in results submission caused no investor prejudice due to trading suspension.
• Company committed to timely compliance going forward.