Blue Star Ltd reported revenue of Rs1,124cr By Amarjeet Maurya, Angel Broking
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Below are Views On Blue Star Ltd reported revenue of Rs1,124cr By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 3QFY21, Blue Star Ltd (BSL) reported revenue of ~Rs1,124cr (down 9% YoY) which shows a sales recovery of ~91% on previous year. On the EBITDA front, the company has reported Rs82cr and EBITDA margin at 7.3%, which is up by 264bps yoy due to improvement in profitability across businesses coupled with cost rationalization. On the bottom-line front, PAT grew by ~88% to Rs37cr on the back of strong operating performance. Management expects the markets for room air conditioners and commercial refrigeration equipment to continue to grow further in the coming quarters. Company are optimistic about further improvement in operating and financial performance in Q4FY21
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