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Net Sales are expected to increase by 8.7 percent Y-o-Y (down 18.4 percent Q-o-Q) to Rs. 2,141.5 crore, according to Nirmal Bang.
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Net Sales are expected to increase by 7 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs 1,611.7 crore, according to Nirmal Bang.
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Net Sales are expected to increase by 17.5 percent Y-o-Y (down 26.1 percent Q-o-Q) to Rs. 1,456.8 crore, according to Yes Securities.
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Net Sales are expected to increase by 16 percent Y-o-Y (up 5.2 percent Q-o-Q) to Rs 1,239.7 crore, according to KRChoksey.
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Net Sales are expected to increase by 15.5 percent Y-o-Y (down 1 percent Q-o-Q) to Rs 1,041.9 crore, according to KRChoksey.
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The overall valuations in the sector appear quite stretched and seem to factor in the long-term positives
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The low penetration levels coupled with rising temperatures make a compelling case for long-term investment in the AC sector
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Net Sales are expected to increase by 21.8 percent Y-o-Y (up 40.8 percent Q-o-Q) to Rs. 1,583 crore, according to Motilal Oswal.
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Net Sales are expected to increase by 7.1 percent Y-o-Y (up 23.8 percent Q-o-Q) to Rs. 1,391.4 crore, according to KRChoksey.
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Net Sales are expected to decrease by 1.9 percent Y-o-Y (up 34.3 percent Q-o-Q) to Rs. 1,235.9 crore, according to KR Choksey.
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Strong execution of electro-mechanical projects offset the disadvantage of weak AC sales in the quarter gone by.
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Net Sales are expected to increase by 5.9 percent Y-o-Y (up 4.5 percent Q-o-Q) to Rs. 1,542 crore, according to KR Choksey.
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A rise in crude oil prices have also impacted the pricing in the home appliances space, weakening consumer demand
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From an investor's point of view, traction in the air cooling segment, enhanced brand visibility, product launches, government projects, and addition of clients are key tailwinds.
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Net Sales are expected to increase by 20 percent Y-o-Y (up 69.2 percent Q-o-Q) to Rs. 1,660.3 crore, according to KR Choksey.
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With disposable incomes rising and government’s push towards pan-India electrification evident, AC manufacturers have quite a few tailwinds to look forward to.
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Blue Star posted a lacklustre set of earnings in Q2 as air conditioner (AC) business margins fell and electro-mechanical projects business revenue business declined by 7 percent; the management says the overall market is yet to pick up. In an interview to CNBC-TV18, Vir Advani, MD of Blue Star elaborated on the numbers and gave his outlook for the future.
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On an operating level, the company could post a profit of Rs 92 crore, a rise of 21 percent from Rs 76 crore
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In an interview to CNBC-TV18, Vir Advani, MD of Blue Star spoke about the results and his outlook for the company.
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Net Sales are expected to increase by 41.2 percent Q-o-Q (up 12 percent Y-o-Y) to Rs 1295.9 crore, according to KR Choksey. Blue Star to report net profit at 44.3 crore up 205.2% quarter-on-quarter.
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Air conditioning company Blue Star is expected to turn profitable with net at Rs 13 crore for December quarter against loss of Rs 5.8 crore in year-ago period.
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"In tier I and tier II markets, about 30 percent of sales are done in cash. In tier III, tier IV and tier V markets, about 60 percent of business is done in cash. There is going to be a short-term that is Q3 impact on our sales of products on account of the demonetization", Vir Advani, MD of Blue Star told CNBC-TV18.
