Blue Star Ltd News

Blue Star Q2 results: PAT up 36% to Rs 96 cr, revenue from ops rises 20%

Air conditioning and commercial refrigeration systems maker Blue Star Ltd on Wednesday reported 35.73 per cent rise in consolidated net profit at Rs 96.06 crore for the second quarter ended September 2024 led by its project business. The company had logged a net profit of Rs 70.77 crore in July-September FY24, according to a regulatory filing from Blue Star Ltd. Revenue from operations was up 20.39 per cent to Rs 2,275.96 crore in the September quarter as against Rs 1,890.40 crore in the year-ago period. During the quarter, the company maintained the growth momentum established in the first quarter. A strong performance across all major segments, supported by a robust order book, reflects increasing demand for its diverse product portfolio, said an earnings statement from Blue Star. Total expenses increased 19.61 per cent to Rs 2,163.08 crore in the quarter. Total income, which includes other income, was at Rs 2,294.47 crore, up 20.54 per cent year-on-year. Blue Star's revenue fro

Here's why Blue Star share price dropped 3% on October 3; details here

The drop in the share price of Blue Star came after Oman-based WJ Towell & Co LLC increased the claim to Rs 461.74 cr (earlier Rs 223.60 cr) of its ongoing arbitration proceeding at ICC

Demand to remain strong during festivals: Blue Star MD B Thiagarajan

In the April-June quarter, Blue Star's revenue from electro-mechanical projects, commercial air conditioning systems, services and international business grew by 9.5 per cent

Blue Star Q1 result: Profit up two-fold at Rs 168.76 cr, revenue up 28.7%

Air condition and commercial refrigeration system maker Blue Star Ltd has reported a two-fold increase in consolidated net profit at Rs 168.76 crore in the first quarter ended June 2024, helped by a robust demand of cooling products and cost management efforts. The company had posted a net profit of Rs 83.37 crore in the April-June quarter of the previous fiscal, Blue Star said in a regulatory filing. Its revenue from operations was up 28.72 per cent to Rs 2,865.37 crore in the June quarter. It was at Rs 2,222.60 crore in the year-ago period. Blue Star's total expenses increased 25.51 per cent to Rs 2,663.20 crore in the June quarter. Its total income in the June quarter was at Rs 2,889.14 crore, up 29.24 per cent. Blue Star delivered an "exceptional business performance" in the first quarter of FY25," according to an earnings statement by the company on Tuesday. "During the quarter, the company's revenue and profit growth were driven by robust demand for its diverse product port

Blue Star Q1 results: PAT jumps 102.6% to Rs 169 cr, revenue up 28.7%

Blue Star's consolidated net profit rose 102.6 per cent to Rs 169 crore ($20.14 million) for the three months ended June 30, surpassing analysts' expectations of Rs 141 crore

Indian AC industry likely to double in next four years: Blue Star

The air-conditioning industry, valued at around Rs 27,500 crore (USD 3.3 billion), is likely to double in the next four years, Blue Star has said in its annual report. The Indian HVAC&R (heating, ventilating, air conditioning and refrigerating) is poised for exponential growth, said Blue Star Chairman & Managing Director Vir S Advani. This growth would be driven by factors such as low penetration of room ACs and the burgeoning middle-class consumers with high disposable incomes, especially from smaller Tier III, IV & V markets. The Indian The overall AC industry (both residential and commercial), currently valued at around Rs 27,500 crore, is likely to double in the next four years, Advani said in his address to the company's shareholders in the annual report for 2023-24. The company is optimistic about its future business outlook, given the changing weather pattern, resulting in hotter summers coupled with a new and resilient product portfolio in residential and ...