Jul 13, 2000|
Wartsila NSD: 2nd Quarter disappoints
Wartsila NSD India Ltd. has recorded a 23% decline in its second quarter net profit to Rs 36 m. This decline comes in the wake of a 22% decline in turnover to Rs 687 m.
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Wartsila is India's largest manufacturer and supplier of 1 MW - 6 MW DG sets which have the advantage of being able to adapt its engines to a variety of fuels. It has a market share of over 65% of the total genset production in India (> 1 MW range). DG sets of smaller size can be put together to make one large power generating unit.
This December ending company's consolidated first half net profit was down by a whopping 43% to Rs 47 m. Its first half turnover also declined by 23% to Rs 1,622 m.
The company however, might put up an improved showing in its later half because of its improved order book position.The company's order book position as on June 30, 2000 for power plants stood at Rs 1,979 m compared to Rs 1,014 m as on June 30, 1999.
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