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AC companies: Resurgence in demand boosts Q4 earnings

Voltas and Blue Star continue to trade at elevated valuations, which seem to factor in a majority of the positives

May 17, 2022 / 04:51 PM IST
AC companies: Resurgence in demand boosts Q4 earnings

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

All AC companies have reported a positive growth in the March quarter. While Blue Star and Amber registered a strong rise in revenues, Voltas remained flattish in spite of the extreme heat wave fuelling a robust growth across the industry. Quarterly result highlights Blue Star reported a strong revenue-led growth of 39 percent year on year (YoY), driven by a healthy performance across segments and a positive traction across new business segments. The revenue of the unitary products segment rose by...

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