JKji/Hitji....request your opinion on short term, as my father has a few shares purchased long back which due to an unfortunate situation needs to be sold.
Since i have only a few weeks of time to hold, should i wait for it to come back around 312-315 or sell if it breaks 290-291 support?

Q1/Fy-12 results out...

Total Income up 6% to 704.68 Cr from 664.83 Cr.
EBIDTA DOWN 54.7% to 27.59 Cr from 60.88 Cr.
Net Profit DOWN 73.6% to 9.79 Cr from 37.15 Cr.

EBIDTA margin is 3.9% V/s 9.2% (JQ-10) and 11.2% (MQ-11)
NET Pr margin is 1.4% V/s 5.5% (JQ-10) and 6.2% (MQ-11)

Raw material costs as a %ge to Income is 78.3% V/s 75.9% (JQ-10) and 75% (MQ-11)
Employee costs to sales ratio is 7% V/s 7.1% (JQ-10) and 6.1% (MQ-11)
Other expenses to sales is 10.8% V/s 7.9% (JQ-10) and 7.7% (MQ-11)

Interest expense to EBIT is 37% V/s 3.8% (JQ-10) and 10.2% (MQ-11)

Tax Rate is 24.5% V/s 29% (JQ-10) and 35% (MQ-11)

A look at the segments explains the disaster:

Electromech project & AirCon systems sales down 9%, worse, PBIT Loss of 8.9 Cr v/s profit of 34 Cr.

Cooling product division done well where sales up 29.5% and PBIT up 25.3%

Professional electronics is okay where sales up 3.2% and PBIT up 46.2%
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Edited by commnman - 29/Jul/2011 at 3:19pm

Originally posted by kailasp4u Result analysis: Refer Basantji's statement of Bajaj Electrical's thread!!

Conference Call      
          Blue Star
EMP segment margins to continue to be under pressure for next 4-6 quarters


Blue Star has come out with the financial performance for the quarter ended June 11 and conducted concall to discuss the financial results and performance of the company. Vir Advani – Executive Director, B Thaiagarajan – President Air conditioning & Refrigeration products Group addressed the call.

Highlights of the call are:
Central Air conditioners and commercial refrigeration major Blue star has reported pale performance in the quarter ended June 11 with sharp 74% dip in the Net Profit at Rs 9.79 crore over marginal 6% increase in the total income from operations at Rs 704.68 crore. Gross margins declined from 23.6% to 21.6% due to higher cost pertaining to labor and raw materials and change in business mix.
The Electro Mechanical Projects and packaged air conditioning (EMP) business accounted 49% of the total revenues and declined by 9% to Rs 341.70 crore while posting loss of Rs 8.87 crore in the segment result for the quarter under review. The overall investment climate in this segment continues to be sluggish in terms of new orders and project execution times continue to be prolonged.
The company has focused on advancing projects that have been long delayed and prolonged beyond a reasonable time. A number of jobs about 10-12 were either significantly advanced or short closed in this quarter. Given the age of these projects, cost variation between the estimated and actual on these projects were quiet significant on account of significant commodity price increases in last two years. Thus the company has to provide overruns in this quarter, there by pulling down operating margins in this segment.
Major variations between estimates and actual are broadly in the following categories and segments: (a) Building electrical projects which were part of the erstwhile Naseer Electricals acquired in 2008 (b) Infrastructure projects which are long duration and have a higher lump sum portion (c) Residential and commercial projects where builders and general contractors are involved.
Carry forward order book at end of June 11 increased to Rs 2099 crore compared to Rs 1976 crore at end of June 10 representing a growth of 6%. Order inflow during the quarter decreased marginally from Rs 925 crore in quarter ended June 10 to Rs 851 crore in the quarter ended June 11.
The projects business is expected to continue to face margin pressure for the coming 4-6 quarters. The company's overall order book has undergone a change in last 24 months. This project portfolio change, the fixed price nature of contracts and the expected high levels of commodity prices (particularly copper and steel) will have an ongoing impact on margins as it progressively executes the order book. The management expects the 3-5% erosion in margins on this order book for a time period of 4-6 quarters.
On demand front, inspite of sluggish commercial real estate environment, the company continues to witness demand from the health care, education, hospitality and power segments. During the quarter, the company has won prestigious HAVC orders across the above segments namely, reliance Samalakot project (2400 MW), BHEL (2x600 MW), Shree Singaji Thermal power project Khandwa, New Integrated Terminal building, Goa Airport, CISCO and HCL technologies Bangalore, MRF Chennai, Galaxy mall Bangalore, IOCL - Paradip etc.
In packaged or ducted air-conditioning and small chillers, the company witnessed good inflow of orders from industrial offices, educational systems. The energy efficient variable refrigerant flow (VRF) air conditioning systems using inverter technology is also witnessing orders from IT/ITeS and industrial segments.
On the other hand, revenues from cooling products improved by 30% to Rs 328.14 crore while segment results improved by 24% to Rs 44.14 crore. Revenues from this segment were driven mainly by higher room AC sales. Input costs are major concern for this business.
Refrigeration products business continued to perform well with healthy growth in water cooler business mainly from educational institutions manufacturing and offices. The chest coolers and freezers business and bottled water dispensers continued to do well. The company is also witnessing good order inflows for cold chain business from pharma and food processing sector.
Professional electronics & Industrial systems reported marginal 3% growth in revenues at Rs 33.34 crore while segment profit improved by 46% to Rs 7.97 crore. The company has specifically done well in industrial segment. One of the major orders booked is from Rourkela Steel plant worth Rs 18 crore for compressed air station involving supply, erection and commissioning of Air compressors along with accessories.
The debt on books stood at Rs 496 crore at end of June 11. Cost of debt is 6-7%.