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Blue Star’s Consolidated Q3FY18 Net Profit Grows 30 Percent

Blue Star Limited has reported a total income of Rs. 984.86 crore for the quarter ended December 31, 2017 on a consolidated basis compared to Rs. 877.99 crore during the same period in the previous year, representing a growth of 12 percent. The operating profit for the quarter was Rs. 51.33 crore compared to Rs. 33.91 crore in Q3FY17, a growth of 51 percent. Other income for Q3FY18 was Rs. 3.56 crore compared to Rs. 5.78 crore in Q3FY17. Net profit for the quarter increased to Rs. 18.78 crore compared to Rs. 14.50 crore in Q3FY17, representing a growth of 30 percent.

Unitary products revenues during the quarter increased to Rs. 365.33 crore from Rs. 286.47 crore n Q3FY17, a growth of 28 percent. The ACs business returned back on the growth trajectory in Q3FY18, with dealers beginning to restock. The expansion of the retailer network, supported by various sales and marketing initiatives, contributed to healthy revenue growth. Segment results at Rs. 27.08 crore grew significantly from Rs. 10.31 crore in Q3FY17.

For the 9-month ended December 31, 2017, the company reported a total income of Rs. 3192.27 crore compared to Rs. 2871.30 crore in the same period in the previous year, representing a growth of 11 percent. Operating profit increased by 21 percent to Rs. 182.56 crore from Rs. 150.58 crore during the same period last year. Net profit for the period increased by 14 percent to Rs. 98.02 crore compared to Rs. 85.88 crore earned during the same period in the previous year.

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