Blue Star's Q3 net profit rises four-fold to Rs 14.50 cr

Air conditioning major Blue Star Ltd registered over four-fold increase in its consolidated net profit at Rs 14.50 crore for the quarter ended December 31, 2016, compared to Rs 2.67 crore posted in the corresponding quarter last year.

The company reported a total operating income of Rs 926.47 crore for the quarter ended Dec 31, 2016, on a consolidated basis as compared to Rs 733.52 crores in the same period last year (excluding Blue Star Infotech Ltd's operating income of Rs 61.49 crore), representing a growth of 26%.

Due to the merger of BSIL and its subsidiary, Blue