Blue Star Limited CC-Sep24.pdf · 2024-11-07
A couple of questions and then just a suggestion at the end. Both the questions are on margins only. So, if I look at Segment-I, first half margins have been very strong. You had called out some one-offs last quarter, but this quarter seems to be more recurring now. First half margins are at 9% and in the last call you have spoken about margin at the 7.5% to 8% band. Even if I were to assume full year margins at 8%, we are only looking at 7%, 7.5% in the second half. So, any reason to revisit the margin guidance in Segment-I? The second question is around the unitary product business. I guess the math which is not clear like I get your reluctance to call out how large is Commercial Refrigeration, cooler business and fully support you on that. But just to make it a little easy to understand, if you could help us quantify what is the export order in Q2 last year because that would have been gone to zero completely, right. So, it just helps us make sense because if Room AC is 70%, 75% of sales and that's grown at 25% for overall segment to go 5%, I don't know if the Commercial Refrigeration business has declined, which I don't think it might have to such an extent to get to 5%. So, wanted to get a sense of how large the export number was last year?
Lastly, just a suggestion. I think over a period of time if you could engage with investors itself, right, to just to get disclosures to a level where it makes us easier for us to -