Air conditioner maker Blue Star has reported a net loss of Rs 32.76 crore for the quarter ended December 31, 2011, due to increase in input costs and forex losses. The company had registered a net profit of Rs 22.36 crore in the corresponding period last financial year.
The total operating income of the company during the quarter declined by 3.87% to Rs 589.69 crore from Rs 613.41 crore in the year-ago period.
The company has seen a loss of Rs 15.18 crore in this segment compared to a profit of Rs 29.13 crore in Q3 of FY11. Projects in the building electricals segment, long gestation infrastructure projects and a few other projects executed for builders and general contractors have been severely impacted.
