Blue Star's Q2 FY 2025-26 Quarterly Results

Result Summary

• Blue Star Ltd reported a 18.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 6.0%.
• Its expenses for the quarter were down by 18.9% QoQ and up 6.3% YoY.
• The net profit decreased 18.2% QoQ and increased 2.8% YoY.
• The earnings per share (EPS) of Blue Star Ltd stood at 4.8 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Blue Star Ltd is a prominent company in the manufacturing and service industry, primarily known for its air conditioning and commercial refrigeration products. It operates within the HVAC (Heating, Ventilation, and Air Conditioning) sector, offering a wide range of products including chillers, cold rooms, and air conditioning systems for residential, commercial, and industrial applications. Blue Star is also involved in the service sector, providing installation, maintenance, and repair services. As of the latest available data up to October 2023, there are no specific recent major developments reported for Blue Star Ltd.

Revenue

Blue Star Ltd reported a total income of ₹2432.38 crores for Q2FY26, compared to ₹2998.32 crores in Q1FY26 and ₹2294.47 crores in Q2FY25. This represents a quarter-over-quarter (QoQ) decline of 18.9% and a year-over-year (YoY) increase of 6.0%. The revenue trends indicate fluctuations between the quarters, showing a decrease from the previous quarter but an increase from the same quarter in the previous fiscal year. This data reflects the changes in the company's income generation capabilities over the specified periods.

Profitability

In terms of profitability, Blue Star Ltd recorded a Profit Before Tax (PBT) of ₹133.16 crores in Q2FY26, which is a decrease from ₹164.64 crores in Q1FY26 and an increase from ₹131.39 crores in Q2FY25. This translates to a QoQ decrease of 19.1% and a YoY increase of 1.3%. The Profit After Tax (PAT) for Q2FY26 was ₹98.78 crores, declining from ₹120.82 crores in the previous quarter, but improving from ₹96.06 crores on a YoY basis. The PAT indicates a QoQ decline of 18.2% and a YoY growth of 2.8%. These figures suggest variability in the company's profitability over different time frames. Additionally, the earnings per share were ₹4.80 in Q2FY26, down from ₹5.88 in Q1FY26, with a YoY increase from ₹4.67, reflecting similar trends in shareholder returns.

Operating Metrics

During Q2FY26, Blue Star Ltd incurred total expenses amounting to ₹2299.22 crores, showing a reduction from ₹2833.68 crores in Q1FY26, and an increase from ₹2163.08 crores in Q2FY25. The expense figures signify an 18.9% decrease QoQ, while demonstrating a 6.3% rise YoY. The tax paid in Q2FY26 amounted to ₹33.39 crores, which is a decrease from ₹42.41 crores in Q1FY26, and a reduction from ₹35.04 crores in Q2FY25, representing a QoQ decrease of 21.3% and a YoY decrease of 4.7%. These operating metrics highlight the company's cost management and tax obligations over the respective periods.