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Blue Star surges on reporting over 2-fold jump in Q4 consolidated net profit
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Blue Star is currently trading at Rs. 1450.65, up by 13.05 points or 0.91% from its previous closing of Rs. 1437.60 on the BSE.
The scrip opened at Rs. 1505.00 and has touched a high and low of Rs. 1505.00 and Rs. 1444.75 respectively. So far 15876 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1550.00 on 02-May-2023 and a 52 week low of Rs. 860.00 on 04-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1550.00 and Rs. 1427.90 respectively. The current market cap of the company is Rs. 13971.77 crore.
The promoters holding in the company stood at 38.78%, while Institutions and Non-Institutions held 35.57% and 25.65% respectively.
Blue Star has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported over 3-fold jump in its net profit at Rs 217.06 crore for the quarter under review as compared to Rs 59.37 crore for the same quarter in the previous year. However, total income of the company increased by 20.95% at Rs 2433.53 crore for Q4FY23 as compared to Rs 2012.00 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 225.29 crore for fourth quarter ended March 31, 2023 as compared to Rs 76.27 crore for the same quarter in the previous year. Total income of the company increased by 16.37% at Rs 2630.48 crore for Q4FY23 as compared to Rs 2260.48 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported over 2-fold jump in its net profit at Rs 366.58 crore as compared to Rs 127.74 crore for the previous year. Total income of the company increased by 35.93% at Rs 7382.96 crore for year under review as compared to Rs 5431.59 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 2- fold jump in its net profit at Rs 400.69 crore as compared to Rs 168.00 crore for the previous year. Total income of the company increased by 31.29% at Rs 8008.19 crore for year under review as compared to Rs 6099.80 crore for year ended March 31, 2022.
