Air-conditioner and commercial refrigeration system maker Blue Star Ltd on Wednesday reported a 2.83 per cent rise in its consolidated net profit at Rs 98.78 crore for the September quarter. The company said that during the quarter, it faced headwinds like the extended monsoon period and disruption in sales channels due to the rationalisation in the GST slab for compressor-based cooling products. The company had posted a net profit of Rs 96.06 crore in the July-September quarter a year ago, according to a regulatory filing from Blue Star Ltd. Its revenue from operations increased by 9.3 per cent to Rs 2,422.37 crore in the September quarter of FY26. It was Rs 2,215.96 crore in the year-ago period. "During the quarter, the company reported modest revenue growth amidst a few headwinds. The Room ACs segment continued to experience a seasonal slowdown, influenced by an extended monsoon and lower temperatures impacting secondary sales and channel offtake," said Blue Star in its earnings
Technical charts suggest that shares of prominent consumer electronics makers - Blue Star Company, IFB Industries and Amber Enterprises can potentially rally up to 27% from here.
At 10:06 AM on Friday; the BSE Consumer Durable index was up 0.71 per cent, as compared to the 0.30 per cent rise in the BSE Sensex.
The breadth and depth of the new rate cuts, analysts at Bernstein said, especially in the fast-moving consumer goods (FMCG) categories saw rate reductions well beyond what they thought was possible
Any disappointment on the rate front, analysts believe, could trigger a knee jerk correction fall in the stocks and sectors that have seen a good run in the last few weeks
Blue Star stock has demonstrated a robust move in the last couple of trading weeks and has witnessed a 'Cup and Handle' pattern breakout on the daily chart.
Aditya Birla Fashion, Adani Total Gas, CESC, Granules India, IRB Infrastructure, Jindal Stainless, Poonawala Fincorp and SJVN are the eight stocks to exit derivatives segment post August expiry.
The eventual tax rate on ACs is not clear but it is now at the maximum 28 per cent, so the planned cut should help dealers and manufacturers, who have struggled this year due to a cooler summer
Stocks such as Maruti Suzuki, TVS Motor, Blue Star, Johnson Controls and JK Cement can rally up to 26% as the government plans 2-tier GST reforms ahead of Diwali 2025.
The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
Blue Star shares rose 3.5 per cent after the company posted Q1 results, during market hours on Wednesday
Nomura said scrapping the 12 per cent GST slab could bring major tax relief for tractors and ACs, boosting demand and pricing.
One in every 10 Nifty 500 stocks shed over 20% in the first-half of 2025. Here are 5 stocks among the top losers, which can potentially gain up to 23% in second-half this year, as per technical charts