Blue Star logs Rs 51.4 crore in Q1 net profit

Shares of the company settled at Rs 485.70 on BSE, down 0.22%

Air-conditioner maker Blue Star has reported a net profit of Rs 51.4 crore for the first quarter ended June 2016.

The figure was Rs 72.43 crore in April-June a year ago, Blue Star said in a BSE filing.

Consolidated net sales stood at Rs 1,212.8 crore during the quarter under review, up from Rs 1,014 crore in the same period a year before.

The company said: "Due to the merger of Blue Star Infotech and its subsidiary, Blue Star Infotech Business Intelligence & Analytics Private with Blue Star as well as re-organisation of Blue Star and its wholly-owned subsidiaries in FY16...Q1 FY17 performance is not directly comparable with the previous year's numbers."

 

The stock on Monday settled at Rs 485.70 on BSE, down 0.22%.