Videocon is a classic case of what debt can do to a company

Videocon Industries, an Indian electronic appliances maker, reported its annual financial results on Feb. 11. The company made a Rs1,367.94-crore loss (pdf) in 2016 (Videocon uses calendar year to report.) That’s 24.5 times the loss it made in 2015. The whopping increase is due to two main reasons: falling revenues and high debt.

The Mumbai-based company owes over Rs45,000 crore to lenders. This debt was accumulated over time as Videocon expanded into oil and gas, telecommunications and...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Videocon Industries [+]    Feb [+]    Mumbai [+]   

More #news: