Profit

Contracting business has slowdown, hope to get back into profit: Blue Star

PUBLISHED ON: May 17, 2012 | Duration: 6 min, 01 sec

  
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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.
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