Consumer Electronics company Blue Star announced Q3FY25 results The Company’s Revenue from Operations increased by 25.3% to Rs 2807.36 crore for the quarter ended Dec 31, 2024, compared to Rs 2241.19 crore during the same period the previous year. The Operating Profit (PBIDTA excluding Other Income) for the quarter improved significantly to Rs 209.38 crore (7.5% of Revenue) compared to Rs 155.35 crore in Q3FY24 (6.9% of Revenue). Tax expense for the quarter was Rs 46.53 crore compared to Rs 33.93 crore in Q3FY24. Profit Before Exceptional Items and Tax grew by a significant 24.5% to Rs 167.2 crore during the quarter compared to Rs 134.29 crore in the same period of the previous year. Consequently, Net Profit for the quarter (after Exceptional Income) grew a significant 32% to Rs 132.46 crore compared to Rs 100.46 crore in the same quarter last year. Earnings per share (Face value of Rs 2.00) for Q3FY25 stood at Rs 6.44 as compared to Rs 4.89 for Q3FY24. The Company ended the quarter with a net cash position of Rs 102 crore as compared to a net cash position of Rs 157 crore as of December 31, 2023. Vir S. Advani, Chairman & Managing Director, Blue Star adds, “As we conclude yet another quarter on a strong note, we are hopeful that the growth momentum shall continue owing to the key drivers such as the forthcoming summer season, record carriedforward order book, a potential revival in government spending, and increased capex from the private sector. However, challenges such as the depreciation of the Indian Rupee, rising commodity prices, and potential supply chain disruptions may pose obstacles. We have implemented strong mitigation strategies to address these challenges and are confident of continuing to deliver value to our stakeholders. We remain optimistic about FY25 being yet another remarkable year for the Company.” Result PDF
Conference Call with Blue Star Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Consumer Electronics company Blue Star announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: The Company’s Revenue from Operations increased by 20.4% to Rs 2,275.96 crore for Q2FY25, compared to Rs 1,890.40 crore during Q2FY24. The Operating Profit (PBIDTA excluding Other Income) for the quarter grew 21.7% to Rs 149.31 crore (6.6% of Revenue) compared to Rs 122.69 crore in Q2FY24 (6.5% of Revenue). Other Income including treasury income for Q2FY25 was Rs 18.51 crore compared to Rs 12.96 crore in Q2FY24. The Tax expense for the quarter was Rs 35.04 crore compared to Rs 24.26 crore in Q2FY24. Profit Before Exceptional Items grew by a significant 38.3% to Rs 131.39 crore during the quarter compared to Rs 94.99 crore in Q2FY24. Net Profit for the quarter was Rs 96.06 crore compared to Rs 70.77 crore in Q2FY24, representing a growth of 35.7%. Earnings per share (Face value of Rs 2.00) for Q2FY25 stood at Rs 4.67 as compared to Rs 3.65 for Q2FY24. Carried-forward order book as of September 30, 2024, grew to Rs 6,598.20 crore, as compared to Rs 6008.52 crore as of Q2FY24, a growth of 9.8%. The capital employed stood at Rs 2,550.28 crore, as compared to Rs 2,069.62 crore in Q2FY24. The Company ended the quarter with a net cash position of Rs 185.26 crore as compared to a net cash position of Rs 285.85 crore as of Q2FY24. H1FY25 Financial Highlights: For the H1FY25, the Company reported Revenue from Operations of Rs 5141.33 crore compared to Rs 4116.40 crore over H1FY24, a growth of 24.9%. Operating Profit (PBIDTA excluding Other Income) was Rs 387.14 crore (7.5% of Revenue) compared to Rs 267.69 crore (6.5% of Revenue) during the H1FY24. Net Profit for H1FY25, was Rs 264.82 crore compared to Rs 154.14 crore in H1FY24. Vir S. Advani, Chairman & Managing Director, Blue Star, said: “The overall prospects for all our businesses continue to look promising. Room Air conditioners and Commercial Air conditioning businesses are doing well, both in terms of revenue and profit. The Commercial Refrigeration business faced setbacks in the first half of the year due to regulatory changes and we expect this impact to be temporary. The Company’s investments in R&D;, manufacturing, and digitalisation will provide a stable foundation for achieving both our short-term and long-term goals. We expect FY25 to be another milestone year for the Company and remain optimistic for the balance half of the year.” Result PDF