Panasonic India slips back into red in FY18 - Feedback

Japan’s top electronics maker Panasonic India lapsed back into losses in FY18, after clocking its maiden profit a year ago, with revenue too dipping last fiscal, as per latest regulatory disclosures.

Panasonic’s flagship Indian entity, Panasonic India, reported net loss of Rs 131.8 crore in 2017-18, compared with a net profit of Rs 72.2 crore in FY17. The company’s revenue too dipped marginally by 3% last fiscal to Rs 5409.2 crore from Rs 5589.9 crore in 2016-17. Panasonic India said the losses were due to “internal and external risk exposures”, without disclosing any further details.

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