Typically, the summer season from April to June sees peak sales of cold beverages, including carbonated drinks, ice creams, ACs, and other edible and non-edible cooling products
Blue Star were trading 3.5 per cent down at ₹1,618, compared to 0.33 per cent decline in the benchmark Nifty50 index
Homegrown cooling products maker Blue Star Ltd on Wednesday reported a 21 per cent rise in consolidated net profit to Rs 194 crore in the March quarter, driven by higher revenues. It had posted a net profit of Rs 159.71 crore in the January-March period of the preceding 2023-24 financial year, the company said in a regulatory filing. The company's total income increased to Rs 4,042.95 crore in the fourth quarter from Rs 3,340.16 crore in the same period a year ago. Expenses also rose to Rs 3,793.73 crore during the quarter against Rs 3,126.38 crore in the March quarter of FY24. For the entire FY25, the net profit increased to Rs 591.28 crore from Rs 414.31 crore in FY24. The board also recommended a final dividend of Rs 9 per equity share of Rs 2 each for the financial year ended March 31, 2025. It further approved the re-appointment of Vir S Advani as the company's Chairman & Managing Director for a further period of five years commencing from April 1, 2026. The approval is bas
Shares of Voltas and Havells India seem to be favourably placed on the technical charts; while Blue Star and Whirlpool look weak; check target price and key levels here
DEMAND BOILS OVER, PRICE HIKES SIZZLE: Room air conditioner majors eye scorching double-digit growth
Blue Star plans to invest Rs 400 crore in FY26 to increase its production capacity across room air conditioners, commercial refrigeration and commercial air conditioning segments
Share market today: IndiGo Airlines has emerged as the world's second fastest-growing airline in terms of seat capacity, with a 10.1 per cent increase in 2024
Of the total capex, Rs 200 crore will be allocated to the third phase of its Sri City plant to increase room air conditioner capacity by 12 lakh units from the current 8.5 lakh units
With a strong summer season and the introduction of a slew of new products, Blue Star is optimistic about its business prospects for FY26 and beyond
Despite having a higher base, the company is targeting 20-25 per cent growth in FY26 as well
The Union Budget 2025-26 has exempted annual income up to Rs 12 lakh from income tax, boosting consumer spending and adding focus on urban consumption.
Blue Star reported a consolidated net profit of Rs 132.57 crore as compared to Rs 100.39 crore a year ago, up 32 per cent
Air conditioning and commercial refrigeration systems maker Blue Star Ltd on Wednesday reported 35.73 per cent rise in consolidated net profit at Rs 96.06 crore for the second quarter ended September 2024 led by its project business. The company had logged a net profit of Rs 70.77 crore in July-September FY24, according to a regulatory filing from Blue Star Ltd. Revenue from operations was up 20.39 per cent to Rs 2,275.96 crore in the September quarter as against Rs 1,890.40 crore in the year-ago period. During the quarter, the company maintained the growth momentum established in the first quarter. A strong performance across all major segments, supported by a robust order book, reflects increasing demand for its diverse product portfolio, said an earnings statement from Blue Star. Total expenses increased 19.61 per cent to Rs 2,163.08 crore in the quarter. Total income, which includes other income, was at Rs 2,294.47 crore, up 20.54 per cent year-on-year. Blue Star's revenue fro
As many as 38 companies, including Daikin, Voltas and Blue Star have filed applications with proposed investments of Rs 4,121 crore to avail benefits under the production-linked incentive scheme for white goods in the third round, an official said on Monday. The government in July reopened the application window for its Rs 6,238-crore production-linked incentive (PLI) scheme for air-conditioners (ACs) and LED lights to accommodate more players as several firms expressed interest in the initiative. Among the applicants, 20 are for AC components (Rs 3,679 crore) and 18 for LED Lights (Rs 442 crore). Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the scheme is benefitting the sector as the value addition has increased from 25 per cent to about 50 per cent. According to the industry, the value addition would increase to about 80 per cent in the coming years. He said that over the next three years (till 2028-29), 38 companies are
The drop in the share price of Blue Star came after Oman-based WJ Towell & Co LLC increased the claim to Rs 461.74 cr (earlier Rs 223.60 cr) of its ongoing arbitration proceeding at ICC
Air-conditioner maker Blue Star Ltd on Wednesday said Oman's WJ Towell & Co LLC has increased claim to Rs 461.74 crore from it in their ongoing arbitration proceedings at International Chamber of Commerce. In April this year WJ Towell & Co LLC (WJT) had filed arbitration proceedings against Blue Star with International Chamber of Commerce (ICC) claiming OMR 103,18,000 (approximately Rs 223.6 crore) plus an interest of 7 per cent on the total claim amount, the company said in a regulatory filing. "In the statement of claim received by the company on October 1, 2024, the claim amount has been revised to OMR 2,11,80,748 (approximately Rs 461.74 crore) plus interest of 7 per cent on the total claim amount," it added. "The company reiterates that the claims filed by WJT are frivolous, unsubstantiated, premised on fundamental factual misstatements and contrary to the overwhelming facts and evidence," Blue Star said. Based on its assessment, the company said the claims made by WJT ...
In the April-June quarter, Blue Star's revenue from electro-mechanical projects, commercial air conditioning systems, services and international business grew by 9.5 per cent
Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments. It reported a profit in EMPS versus expectations of loss
Air condition and commercial refrigeration system maker Blue Star Ltd has reported a two-fold increase in consolidated net profit at Rs 168.76 crore in the first quarter ended June 2024, helped by a robust demand of cooling products and cost management efforts. The company had posted a net profit of Rs 83.37 crore in the April-June quarter of the previous fiscal, Blue Star said in a regulatory filing. Its revenue from operations was up 28.72 per cent to Rs 2,865.37 crore in the June quarter. It was at Rs 2,222.60 crore in the year-ago period. Blue Star's total expenses increased 25.51 per cent to Rs 2,663.20 crore in the June quarter. Its total income in the June quarter was at Rs 2,889.14 crore, up 29.24 per cent. Blue Star delivered an "exceptional business performance" in the first quarter of FY25," according to an earnings statement by the company on Tuesday. "During the quarter, the company's revenue and profit growth were driven by robust demand for its diverse product port
Blue Star's consolidated net profit rose 102.6 per cent to Rs 169 crore ($20.14 million) for the three months ended June 30, surpassing analysts' expectations of Rs 141 crore