Haier

Siti Networks reports standalone net loss of `49.72 crore in September 2018 quarter

November, 2018

Net loss of Siti Networks reported to Rs 49.72 crore in the quarter ended September 2018 as against net loss of Rs 72.80 crore during the previous quarter ended September 2017. Sales rose 16.80 percent to Rs 219.34 crore in the quarter ended September 2018 as against Rs 187.79 crore during the previous quarter ended September 2017.

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Digital Edition September

Dealers Speak

  1. Bhabesh Kumar Singh
      The market for the dealer fraternity is getting tougher by the day on the back of highly competitive environment. Despite all challenging factors, we are bullish on gaining back our...Read More 
    Bhabesh Kumar Singh
    Home Needs,
    Kolkata
  2. Yogesh N Heda
      The market has been on a decline for the last 3-4 years for small- and medium-sized dealers in the country because of the strong emergence of e-commerce and expanding range...Read More 
    Yogesh N Heda
    Heda Electronics,
    Kohlapur
  3. Kulwant Singh
      2020 has been the most difficult year since we started this business, as the pandemic struck right in the beginning of the year. We were already struggling to increase profitability...Read More 
    Kulwant Singh
    National Electronics,
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  4. Preet Singh Bhatia
      Our current strategy for gaining profitability is to aggressively market product segments that have gained traction during the lockdown, including televisions, washing machines, and air conditioners. We have even expanded...Read More 
    Preet Singh Bhatia
    Ratan Singh Bhatia & Sons,
    Ambala
  5. Manas Roy
      We have never seen such a drastic shift in the consumer trend. Even though the majority of our customers has shifted to online shopping, as the fear factor of contracting...Read More 
    Manas Roy
    New Star Freeze,
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  6. P Vadhiraj
      Since 2018, festive season sales have been lackluster and 2020 is not expected to be any different. We had pinned hopes on Onam, but the footfall turned out to be...Read More 
    P Vadhiraj
    Swan Enterprises,
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  7. P Sreekumar
      We are seeing 10 percent growth in the current quarter as against 2Q2020. Smart TV has become the fastest moving model on our counter. Work-from-home scenario has encouraged the consumers...Read More 
    P Sreekumar
    Chandra Traders,
    Chennai
  8. Harsh Gupta
      2020 has been the most challenging year in our 25 years of retail business. We have even survived the brunt of e-commerce, but the pandemic ensued with economic disruptions has...Read More 
    Harsh Gupta
    Shiva Enterprises,
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  9. Ranjiv Goyal
      Even though COVID-19 has deterred the growth expected for 2020, the pandemic has expedited the transformation process for every stakeholder in the CE, HA, and AC industry. It is not...Read More 
    Ranjiv Goyal
    Goyal Electronics,
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  10. Kiran Gupta
      Home appliances saw a surge in demand in our region as consumers’ discretionary spending increased in 2019. NBFCs like Bajaj Finance provided an impetus to demand. Refrigerators and washing machines...Read More 
    Kiran Gupta
    Sri Krishna Agencies,
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  11. Abdul Wajid
      Refrigerators, washing machines, and water purifiers witnessed the highest growth in sales from our counter in 2019. Frost free refrigerator models gained traction as replacement buying saw an increase. Top-load...Read More 
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    Asian Electronics,
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  12. Lalit Bhatia
      There was a surprising rise in durables sales in July. As the lockdown opened up in phased manner and electronics stores too became operational, we started seeing some footfall in...Read More 
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  13. Pankaj Agrawal
      Sales from our counter have slowed down tremendously. Consumers in our region have held on to their purchase decisions as the scenario still remains uncertain. We have been receiving only...Read More 
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    RK Marketing,
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    Kamal Abrol
    Universal Sales Agencies and Alana Industries,
    Port Blair

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