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Carrier: Strained prospects

Dec 21, 2001

There seems to be no respite for the consumer durable companies in the current year. While there has been a rise in CTV and refrigerator demand in the festive season, air conditioner demand has remained lacklustre. This has had a significant impact on profitability of Carrier Aircon, one of the market leaders in the Indian air conditioners segment.

Carrier net profit fall 75%

Jul 27, 2001

Carrier Aircon, the air conditioners major, has reported yet another disappointing performance. Net pProfit in the first quarter of the current financial year has fallen by 74.9% to Rs 26 m on the back of a 4.1% drop in sales to Rs 1,450 m.

Carrier: Dismal performance continues

Jun 27, 2001

Carrier Aircon, the air conditioners major, has registered a 21% rise in sales to Rs 3,799 m in FY01. But a closer look reveals that the increase in topline in primarily on account of a lower topline growth in FY00 due to fire in one of its manufacturing units in the first quarter of FY00.

Carrier: Tumbling margins

Jun 21, 2001

Carrier Aircon, the Indian subsidiary of the US air conditioner major, reported a sharp 20.6% growth in sales for the first nine months of FY01. The company is set to announce its full year results early next week. Carrier postponed its full year results from June 8, 2001 due to the recent move by its parent company to acquire a 100% stake in the Indian subsidiary.

Carrier Aircon: Profits freeze

Feb 19, 2001

Despite outperforming our sales growth expectations, Carrier Aircon's net profits have declined marginally for the first nine months of the current year. We analyse the results.

Carrier: Margins under pressure

Jan 30, 2001

Carrier Aircon has reported a 17% growth in topline to Rs 993 m for the third quarter ended 31st December 2000. However, a change in the inventory valuation norms has increased expenditure by 22% to Rs 3,273 m in the first nine months of the current year. However, raw material costs as a percentage of sales has come down to 38% in the first nine months of the current year from 40% in the corresponding period of the previous year.

Carrier – Creditable turnaround

Nov 6, 2000

Carrier Aircon had reported a disappointing performance in FY00. Sales had dropped by 5% and net profits by 68%. But a better quarterly performance and robust air conditioner sales has necessitated a re-look at the company.

Carrier Aircon's net down 41%

Oct 28, 2000

Carrier Aircon has posted a sharp drop in net profit by 41% to Rs 39 m for the second quarter ended 30th September. Operating margins have also dropped by 2% primarily due to 150% and 65% rise in staff cost and sub-contracting charges respectively.

Carrier Aircon – Gearing for the top spot

Aug 30, 2000

Carrier Aircon Limited, the largest manufacturer of air conditioning equipment, has chartered out aggressive plans to regain its market leader position from Korean majors like LG and Samsung.

Margins pressurize Blue Star's net

Jul 31, 2000

Blue Star Limited has posted a 8.4% growth in sales from Rs 986 m in 1QFY00 to Rs 1068 m in 1QFY01. The operating profit margins have however, dipped from 7.9% to 6.8%.

Infrastructure spending to drive growth...

Jun 10, 2000

The nature of the Indian engineering industry is very diverse. Its major segments are capital goods (electrical, non-electrical machinery and static equipment), castings, forging and foundries. Castings, forging and foundries all have a strong inter-relation to the capital goods and automobile industry.

Divestment is the key...

Jun 10, 2000

What would you call a company operating 12 manufacturing facilities across the country manufacturing transformers, traction motors, thermal sets, locomotives, gas turbines, boilers and boiler auxiliaries, wind mills, heat exchangers, insulators, capacitors, compressors, oil field equipment, power devices, defence equipment, control gears, light aircrafts…..? Whew! A behemoth, a super company, a giant. Simply put, the company in question is Bharat Heavy Electricals Limited or BHEL, India's larges

Air Conditioners – Heated Up

May 25, 2000

The Indian air conditioner segment, estimated at Rs 12 b, until now, has been confined to the unorganised sector. But this is largely due to the lopsided excise structure, which gave the unorganised segment an edge over the organised segment. In recent years, efforts to correct this anomaly have supported the big players like Carrier Aircon, LG, Samsung and Bluestar.

"Traditionally power and industrial systems have been contributing substantially to the bottomline"

Mar 16, 2000

In an interview to equitymaster.com, Mr. Brij Suri, Member Board, President Finance and Administration, spoke on the power sector reforms, performance of the company's divisions and the research and development efforts of the company.

Carrier Aircon loses cool, eyes market share

Feb 18, 2000

Air-conditioner (AC) major, Carrier Aircon has laid out plans to regain some of the market share that it forfeited last year.

Kirloskar Brothers posts 51% decline in net

Jan 31, 2000

Kirloskar Brothers Limited has posted a 51% decline in net during the quarter ended 31st December 199. The company has suffered from a sharp rise in costs even as revenue growth failed to keep pace. Furthermore, the decline in other income also added to the downward presure on the bottomline.

L&T posts sharp decline in net

Jan 15, 2000

L&T has posted a 69% decline in net for the quarter ended 31st December 1999. The company has been hurt by a burgeoning interest expenditure and a decline in topline. The sharp rise in other income has failed to support the bottomline of the company.

Blue Star net rises 52%

Nov 3, 1999

In 2QFY2000, Blue Star has posted Rs 41 m net profit (up 51.5%). Sales have improved only marginally by 0.4%.

Blue Star posts 50% jump in net

Nov 1, 1999

Yokogawa Blue Star has posted a 50% jump in net profits for the quarter ended 30th September 1999. The company has benefited from a sharp reduction in interest expenditure and slower growth in operating expenditure.

Alfa Laval posts 100% jump in net

Oct 27, 1999

Alfa Laval (India) has posted a 100% jump in net for the quarter ended 30th September 1999. The company has benefited from a decline in expenditure and interest costs.

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