Blue Star Q4 profit jumps over twofold to Rs 106 cr

Air-conditioner maker Blue Star today reported over twofold increase in its standalone net profit at Rs 106.17 crore for the quarter ended March 31.
It had posted a net profit of Rs 42.79 crore in the March quarter of 2013-14, Blue Star said in a filing to the BSE.
The company's net sales on a standalone basis during the quarter under review stood at Rs 990.04 crore, up 14.84 per cent as against 862.04 crore in the corresponding period of previous fiscal.
However, for the financial year 2014-15, Blue Star's consolidated net profit was Rs 54.18 crore, down 30.12 per cent, against a net profit of Rs 77.54 crore a year ago.

Net sales on a consolidated basis during the fiscal was up 8.72 per cent to Rs 3,138.20 crore as against Rs 2,886.36 crore in the previous fiscal.
Meanwhile, in a separate filing, Blue Star has informed that its Board has recommended a dividend of Rs 5 per equity share of Rs 2 each.
Blue Star's shares closed 4.41 per cent down at Rs 360 per scrip on the BSE.