Mumbai — Blue Star reported a 15.3% decline in net profit for the quarter ended June 30 as weaker operating margins offset double-digit revenue growth.
The air-conditioning and commercial refrigeration company posted a profit of Rs 102.5 crore for the first quarter of fiscal 2027, compared with Rs 121 crore in the same period a year earlier, according to a stock exchange filing.
Revenue rose 13.3% to Rs 3,378 crore from Rs 2,982 crore in the year-ago quarter.
Operating performance weakened, however, with earnings before interest, taxes, depreciation and amortization falling 12.3% to Rs 175 crore from Rs 200 crore.
The EBITDA margin narrowed to 5.2% from 6.7%, reflecting increased pressure on profitability despite higher sales.
The quarter’s results included a one-time gain of Rs 9.2 crore. Tax expenses declined to Rs 32.1 crore from Rs 42.4 crore a year earlier.
Blue Star shares fell 5.98% to Rs 1,565.40 following the earnings announcement.
Founded in 1943, Blue Star manufactures and sells room air conditioners, commercial cooling systems, refrigeration products and cold-chain equipment.
The company also carries out mechanical, electrical, plumbing and electro-mechanical projects for commercial, industrial and infrastructure customers.
Blue Star operates manufacturing facilities across India and serves residential, commercial and institutional customers in domestic and international markets. (Source: IANS)
