Linde India

about 7 years ago
Linde India

LINDE INDIA

Muted growth

Linde India (formerly known as BOC India) is an industrial gases manufacturer, based in India since 1935. The company also manufactures cryogenic and non-cryogenic vessels and also designs and commissions projects.

The company posted a very disappointing set of numbers for Q2CY17 (Jan-Dec year ending). It ended the quarter with a net loss of Rs.2 crore v/s net profit of Rs.1 crore in Q1. Though total revenue rose 14% (YoY) at Rs.535 crore, the increase in costs and exceptional expense of Rs.5 crore did it in.

The gases business grew by 13%, driven by an increase in demand in the steel and automotive segments. The engineering business registered a modest growth of 60%. EBIT was at Rs.46 crore of which the Gases business contributed Rs.34 crore and project engineering business contributed Rs.11 crore.

6508.30 (+132.60)

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