Contracting business has slowdown, hope to get back into profit: Blue Star
PUBLISHED ON: May 17, 2012 | Duration: 6 min, 01 sec
Air conditioner maker Blue Star reported a net loss of Rs 89.15 crore for financial year 2011-12 versus a net profit of Rs 155 crore in the previous financial year. Satish Jamdar, MD, Blue Star Limited, told NDTV Profit that their contracting business has seen a slowdown. "We hope to get back into profit. Smaller towns are seeing good growth," he added.