Haier

Blue Star’s consolidated Q2FY19 revenue grows 21 percent

Blue Star Limited has reported revenue from operations of Rs 1032.20 crore for the quarter ended September 30, 2018 on a consolidated basis, compared to Rs 849.82 crore during the same period in the previous year, representing a growth of 21 percent. The operating profit for the quarter was Rs 58.07 crore compared to Rs 48.93 crore in Q2FY18, a growth of 19 percent. Net profit for the quarter decreased by 14 percent to Rs 19.55 crore compared to Rs 22.74 crore in Q2FY18 mainly on account of higher input costs, increase in finance cost, and lower margins in projects executed by the JV companies. Other income for Q2FY19 was Rs 4.93 crore compared to Rs 4.51 crore in Q2FY18. EPS for Q2FY19 (face value of Rs 2) was Rs 2.03 vis-à-vis Rs 2.37 in Q2FY18.

Consolidated segment performance for Q2FY19. Unitary products revenues increased marginally by 9 percent to Rs 343.06 crore from Rs 315.09 crore. However, segment results declined to Rs 8.20 crore compared to Rs 16.22 crore during the same period in the previous year.

Consolidated financial performance for the half-year ended September 30, 2018 (H1FY19). For the half-year ended September 30, 2018, the company reported revenue from operations of Rs 2540.03 crore as compared to Rs 2369.76 crore over the same period in the previous year, representing a growth of 7 percent. Operating profit increased by 22 percent to Rs 194.73 crore from Rs 159.53 crore during the same period last year. Net profit for the half-year increased by 12 percent to Rs 111.13 crore as compared to Rs 98.89 crore in H1FY18.

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