Blue Star Limited has informed the Exchange regarding 'Investor Update for the First Quarter ended June 30, 2025'.
BLUESTARCO · price
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Blue Star reported Q1FY26 revenue of Rs 2,982.25 cr, up 4.1% YoY, but profitability weakened sharply with EBITDA margin contracting to 6.7% from 8.3% and net profit falling to Rs 120.82 cr from Rs 168.76 cr. The Room AC business shrank 13.3% due to unseasonal rains hitting summer demand, dragging segment margins to 5.8% from 9.1%. In contrast, the Electro-Mechanical Projects and Commercial AC business grew strongly at 35.9%, supported by a 12.5% rise in carried-forward order book to Rs 6,843.04 cr. Net cash declined to Rs 370.92 cr (from Rs 1,042.87 cr) as the company invested in manufacturing capacity, R&D and digitalization.
Short-term earnings pressure from weak AC season is partly offset by a robust order pipeline in the B2B projects business, which should support growth in coming quarters. Margin contraction and lower net profit may weigh on the stock in the near term, though management expects festive season demand revival to aid H2 recovery.