Blue Star Limited has informed the Exchange regarding 'Investor Update for the First Quarter ended June 30, 2025'.
BLUESTARCO · price
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Awaiting price reaction for this filing.
Blue Star reported a mixed start to FY26, with consolidated revenue growing 4.1% to Rs 2,982.25 cr but profitability taking a hit due to weak room air-conditioner sales caused by unseasonal rains. EBITDA margin contracted sharply from 8.3% to 6.7%, PBT before exceptional items fell 27.8% to Rs 163.23 cr, and net profit declined to Rs 120.82 cr from Rs 168.76 cr a year ago. The bright spot was the Electro-Mechanical Projects and Commercial AC segment, which grew 35.9% with strong order inflows from data centres, factories, and healthcare. The carried-forward order book rose 12.5% to Rs 6,843.04 cr, and management remains optimistic about a demand revival during the festive season.
Short-term pressure on earnings and margins is evident, with the stock likely to react negatively to the profit decline and margin contraction. However, the robust order book growth, strong B2B segment performance, and management's confidence in a festive-season recovery may provide some support for medium-term sentiment.