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Below is quote on Blue Star -1QFY22 - Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

Blue Star Ltd (BSL)  reports good financial performance for Q1FY22, despite being a quarter impacted by lockdown restrictions. BSL reported revenue of ~Rs1,052cr (up ~68% YoY). On the EBITDA front, the company has reported Rs42cr and EBITDA margin at 4.0%, which is up by 380bps yoy due to better operating leverage. On the bottom-line front, the company has reported net profit of Rs13cr ( reported loss of ~Rs20cr in 1QFY21) on the back of strong sales growth. Going ahead, BSL will continue to focus on controlling operating costs, improving working capital efficiencies and operating cash flows. We expect healthy sales growth on back of expected pick-up in vaccination drive, strong brand & wide distribution. Currently we are neutral on stock.

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