Blue Star Ltd's Q3FY25 Quarterly Results

Result Summary

• Blue Star Ltd reported a 22.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 24.9%.
• Its expenses for the quarter were up by 22.5% QoQ and 25.0% YoY.
• The net profit increased 37.9% QoQ and increased 31.9% YoY.
• The earnings per share (EPS) of Blue Star Ltd stood at 6.4 during Q3FY25.

Financial Statments for Q3FY25

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 Indian company known primarily for its air conditioning and commercial refrigeration products. It caters to a wide range of customer segments including residential, commercial, and institutional clients. The company operates within the consumer durables industry, which is characterized by competitive dynamics and innovation-driven product offerings. Blue Star has been expanding its product portfolio and enhancing its service offerings to maintain its market position. As of recent developments, the company has been focusing on expanding its manufacturing capabilities and enhancing its distribution network to increase market penetration.

Revenue

In the third quarter of fiscal year 2025, Blue Star Ltd reported a total income of ₹2816.09 crores. This marks a significant increase from the previous quarter (Q2FY25), where total income was ₹2294.47 crores, reflecting a quarter-over-quarter (QoQ) growth of 22.7%. Compared to the same quarter in the previous year (Q3FY24), where total income stood at ₹2253.86 crores, the company achieved a year-over-year (YoY) growth of 24.9%. This growth trajectory highlights a robust performance in revenue generation, driven by the company's strategic initiatives and possibly favorable market conditions.

Profitability

The profitability of Blue Star Ltd showed an upward trend in Q3FY25. The Profit Before Tax (PBT) was ₹179.71 crores, which is an increase from ₹131.39 crores in Q2FY25, representing a 36.8% QoQ growth. On a YoY basis, PBT rose by 33.8% from ₹134.29 crores in Q3FY24. Correspondingly, the Profit After Tax (PAT) for Q3FY25 was ₹132.46 crores, which demonstrates a 37.9% QoQ increase from Q2FY25's PAT of ₹96.06 crores. The YoY growth in PAT from Q3FY24's ₹100.46 crores is 31.9%. These figures indicate a substantial improvement in profitability, underpinned by effective cost management and revenue growth.

Operating Metrics

Key operating metrics for Blue Star Ltd in Q3FY25 include the Earnings Per Share (EPS), which stood at ₹6.40. This is an increase from ₹4.70 in Q2FY25, signifying a 36.2% QoQ rise. Compared to Q3FY24, where EPS was ₹4.90, the YoY enhancement is 30.6%. Additionally, total expenses for Q3FY25 were ₹2648.89 crores, up from ₹2163.08 crores in Q2FY25 and ₹2119.57 crores in Q3FY24, marking a 22.5% QoQ and 25.0% YoY increase, respectively. The tax expense in Q3FY25 amounted to ₹46.53 crores, with a QoQ rise of 32.8% from ₹35.04 crores in Q2FY25 and a YoY increase of 37.1% from ₹33.93 crores in Q3FY24. These metrics reflect the company's financial health and operational efficiency during the period.