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Reduce Blue Star Ltd For Target Rs. 1,749 by Yes Securities Ltd Result Synopsis BLSTR delivered inline revenue growth with EMPS delivering robust 32.6% growth, while unitary products business saw muted growth of 5.1%. PEIS segment has declined by 3.8% yoy. Muted revenue growth is attributed to challenges in the commercial refrigeration business arising from regulatory changes related to BIS and Quality Control Order (QCO) as well as delays in ramping up production of the new range of glass top deep freezers. RAC continued its growth momentum with BLSTR...
Reduce Blue Star Ltd For Target Rs. 1,749 by Yes Securities Ltd
Reduce Blue Star Ltd For Target Rs. 1,749 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-20 05:47:20 pm
Buy Blue Star Ltd For Target Rs.1,971 By JM Financial Services Growth driven by EMP + CAC; outlook remain strong for UP In Q2FY25, Blue Star revenue was at INR 22.7bn, up 20% YoY, down 21% QoQ (In line JMFe), 5 year CAGR of +13%. Growth was primarily driven by the EMP & Commercial AC. EBITDA was at INR 1.5bn up 21% YoY and down 37% QoQ. OPM was at 6.6% vs 6.5%YoY and 8.3% QoQ (JMFe OPM at 6.8%). Reported PAT was at INR 964mn up 36% YoY and down 43% QoQ. * In UP- strong RAC performance while commercial Ref capped growth: In Q2, RAC grew c. 27% i...
Buy Blue Star Ltd For Target Rs.1,971 By JM Financial Services
Buy Blue Star Ltd For Target Rs.1,971 By JM Financial Services
Source: JM Financial Services Ltd
2024-11-08 04:04:50 pm
Reduce Blue Star Ltd For Target Rs.1,492 By Yes Securities Valuations captures positivity; maintain Reduce Result Synopsis BLSTR has continued its strong growth momentum with revenue growth of 28.7% (7% lower than estimates). Revenue miss was largely on account of lower execution in the project business. Unitary products continue to outshine with its revenue growing by 44.3% yoy. Commercial refrigeration has also seen strong demand and is growing at 15% CAGR. EMPS margins at 9.9% surprised positively as there was higher supply of equipment and ...
Reduce Blue Star Ltd For Target Rs.1,492 By Yes Securities
Reduce Blue Star Ltd For Target Rs.1,492 By Yes Securities
Source: Yes Securities Ltd
2024-08-10 11:55:45 am
Buy Blue Star Ltd For Target Rs.1,790 By JM Financial Services Strong growth, positive outlook with new opportunities on cards In Q1FY25, Blue Star Rev was at INR 28.6bn, up 29% YoY, down 14% QoQ (In line JMFe), 5 year CAGR of +13%. The growth was mainly driven by strong performance in Unitary Products (UP) on the back of strong season. EBITDA was at INR 2.3bn up 64% YoY and down 1% QoQ. OPM was at 8.3% vs 6.5%YoY and 7.3% QoQ (JMFe OPM at 7.5%). It reported PAT of INR 1.7bn up 102% YoY and up 6% QoQ. * Strong growth in UP: Revenue was up 44% YoY t...
Buy Blue Star Ltd For Target Rs.1,790 By JM Financial Services
Buy Blue Star Ltd For Target Rs.1,790 By JM Financial Services
Source: JM Financial Services
2024-08-09 12:32:25 pm
India's Blue Star doubles Q1 profit, beats view as new launches drive demand India's Blue Star beat first-quarter profit estimates on Tuesday as the launch of dozens of new air conditioner models helped the appliance maker tap into customer demand during the summer's unprecedented heatwaves. Blue Star's consolidated net profit rose 102.6% to 1.69 billion rupees ($20.14 million) for the three months ended June 30, surpassing analysts' expectations of 1.41 billion rupees, according to LSEG data. Revenue from its segment that makes ACs and commercia...
India's Blue Star doubles Q1 profit, beats view as new launches drive demand
India's Blue Star doubles Q1 profit, beats view as new launches drive demand
Source: Reuters
2024-08-06 05:20:09 pm
India's Blue Star posts jump in Q4 adjusted profit on robust air conditioner demand Indian air-conditioner (AC) maker Blue Star's fourth-quarter adjusted profit jumped more than 46% on Thursday, buoyed by heavy demand for its ACs as consumers prepared for a hotter-than-usual summer. WHY IT'S IMPORTANT India is currently experiencing a blistering summer, which has driven up sales of products such as ACs and coolers. In March, Blue Star said it launched dozens of new home AC products, targeting a 25% jump in revenue from that business this summer, compared wit...
India's Blue Star posts jump in Q4 adjusted profit on robust air conditioner demand
India's Blue Star posts jump in Q4 adjusted profit on robust air conditioner demand
Source: Reuters
2024-05-02 05:51:56 pm
Blue Star`s FY24 Total Income rises 21.4% to Rs 9685.36 crores; Operating Profit increases 34.9% to Rs 664.94 crores Building on the momentum of the previous year, Blue Star performed exceedingly well in FY24 in terms of both revenue and profitability. Strong demand for its existing products and solutions, coupled with the successful launch of several new products across key segments, and a robust carried forward order book, enabled the Company to end the year on a high note. Consolidated Financial Performance for Q4FY24 * The Company’s Revenue from Operations increased by 26.8% to Rs 3327.77 cr...
Blue Star`s FY24 Total Income rises 21.4% to Rs 9685.36 crores; Operating Profit increases 34.9% to Rs 664.94 crores
Blue Star`s FY24 Total Income rises 21.4% to Rs 9685.36 crores; Operating Profit increases 34.9% to Rs 664.94 crores
Source: PR Agency
2024-05-02 04:51:59 pm
BlackSoil logs 40 pc investment growth, $118 mn in disbursement in FY24 Alternative credit platform BlackSoil on Monday said it registered 40 per cent growth in portfolio investment in FY24, with total disbursement exceeding $118 million. In the last fiscal year, the company exited 18 deals while making strategic investments in 36 new deals, a 25 per cent rise in the number of deals compared to the previous financial year. BlockSoil's Asset Under Management (AUM) grew nearly 50 per cent (year-on-year). “As we anticipate the challenges and oppor...
BlackSoil logs 40 pc investment growth, $118 mn in disbursement in FY24
BlackSoil logs 40 pc investment growth, $118 mn in disbursement in FY24
Source: IANS
2024-04-22 02:27:19 pm
Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai Early-stage investment firm Venture Catalysts, on Monday, said that it has led a seed funding round in Plotch.ai, the country's largest Open Network for Digital Commerce (ONDC) rails infrastructure company. Plotch.ai's partnership with Google to integrate AI into the ONDC network is a move to promote local language adoption and enhance accessibility for rural India. The fresh investment (the financial terms were not disclosed) by Venture Catalysts and AC Ventures will fuel Plotc...
Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai
Venture Catalysts leads funding in prominent ONDC rails infrastructure platform Plotch.ai
Source: IANS
2024-04-01 04:42:52 pm
Blue Star rises on unveiling new comprehensive range of room ACs Blue Star is currently trading at Rs. 1320.40, up by 4.30 points or 0.33% from its previous closing of Rs. 1316.10 on the BSE. The scrip opened at Rs. 1316.00 and has touched a high and low of Rs. 1323.35 and Rs. 1297.80 respectively. So far 94458 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1338.95 on 02-Mar-2024 and a 52 week low of Rs. 672.50 on 03-Apr-2023. Last one week high and low of the scrip stood at...
Blue Star rises on unveiling new comprehensive range of room ACs
Blue Star rises on unveiling new comprehensive range of room ACs
Source: Accord Fintech
2024-03-04 03:51:16 pm
Blue Star`s Q3FY24 Net Profit increases by 72% to Rs 100.46 crores The Company witnessed robust demand for its room air conditioners and commercial refrigeration products during the festive season. The growth momentum during the quarter was also evident in its commercial air conditioning as well as the electro-mechanical projects business. This resulted in the Company registering a record Q3 in terms of revenue. Further, sustained improvement in its operating margins was made possible due to the Company’s continued focus on total cost management, produ...
Blue Star`s Q3FY24 Net Profit increases by 72% to Rs 100.46 crores
Blue Star`s Q3FY24 Net Profit increases by 72% to Rs 100.46 crores
Source: PR Agency
2024-01-31 11:08:13 am
Vir S Advani to succeed Shailesh Haribhakti as Chairman & Managing Director of Blue Star with effect from April 1, 2024 The Board of Blue Star Limited has unanimously approved the elevation of Mr Vir S Advani as Chairman & Managing Director with effect from April 1, 2024. He will succeed Mr Shailesh Haribhakti, who will be completing two consecutive terms as Independent Director and will be retiring from the Board on March 31, 2024.   Mr Shailesh Haribhakti joined the Board of Blue Star in 2005 as an Independent Director and was elevated to the position of Independent Chairman in 2019. Under his...
Vir S Advani to succeed Shailesh Haribhakti as Chairman & Managing Director of Blue Star with effect from April 1, 2024
Vir S Advani to succeed Shailesh Haribhakti as Chairman & Managing Director of Blue Star with effect from April 1, 2024
Source: PR Agency
2024-01-31 09:13:45 am
Blue Star appoints Mr Murlidhar Gangadharan and Mr Vipin Sondhi on its Board as Additional Directors designated as Independent Directors Air conditioning and commercial refrigeration major, Blue Star Limited, has announced the appointment of two new members on its Board, Mr Murlidhar Gangadharan and Mr Vipin Sondhi. Both are being inducted in the capacity of Additional Directors designated as Independent Directors, with effect from January 30, 2024, for a period of five years. These members will further strengthen the Board with their rich and diverse experience.   Mr Murlidhar Gangadharan is a finance professional ...
Blue Star appoints Mr Murlidhar Gangadharan and Mr Vipin Sondhi on its Board as Additional Directors designated as Independent Directors
Blue Star appoints Mr Murlidhar Gangadharan and Mr Vipin Sondhi on its Board as Additional Directors designated as Independent Directors
Source: PR Agency
2024-01-31 09:04:44 am
Neutral Blue star Ltd For Target Rs.950 - Yes Securities Multiple levers for growth captured in current valuations: downgrade to NEUTRAL Result Synopsis BLSTR has once again has outperformed industry and peers in significant way with its UP revenue growing by 39% vs industry growth of 30% in Q2. BLSTR market share in RAC stood at 13.5% in Q2. Commercial air conditioner continues to see growth with enquiry pipeline remaining good. BLSTR is witnessing strong traction in the commercial refrigeration space and is developing sub 300lts commercial ...
Neutral Blue star Ltd For Target Rs.950 - Yes Securities
Neutral Blue star Ltd For Target Rs.950 - Yes Securities
Source: Yes Securities Ltd
2023-11-15 12:37:44 pm
Blue Star shines on getting nod to invest Rs 94.40 crore in Blue Star Climatech Blue Star is currently trading at Rs. 967.75, up by 25.10 points or 2.66% from its previous closing of Rs. 942.65 on the BSE. The scrip opened at Rs. 958.95 and has touched a high and low of Rs. 970.15 and Rs. 952.55 respectively. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 992.00 on 06-Nov-2023 and a 52 week low of Rs. 552.80 on 18-Nov-2022. Last one week high and low of the scrip stood at Rs. 992.00 and Rs. 920.05 respectively. The current ...
Blue Star shines on getting nod to invest Rs 94.40 crore in Blue Star Climatech
Blue Star shines on getting nod to invest Rs 94.40 crore in Blue Star Climatech
Source: Accord Fintech
2023-11-09 10:04:50 am
Add Blue Star Ltd For Target Rs.900 - Centrum Broking Ltd BLSTR’s consolidated sales grew 19.5% YoY to Rs18.9bn, 6% above our estimate. Unitary Products sales growth was robust at 38% YoY to Rs7.3bn. Sales was driven by higher latent RAC demand in Q2 post muted summer, while Commercial Refrigeration saw healthy volume uptick. EMPS sales grew 12% YoY to Rs10.8bn aided by robust order book. Gross margin rose 160bps YoY to 24.8% led by cost control initiatives, higher scale and industry-wide lower ad-spends. EBITDA grew 43% YoY to Rs1.2bn leading...
Add Blue Star Ltd For Target Rs.900 - Centrum Broking Ltd
Add Blue Star Ltd For Target Rs.900 - Centrum Broking Ltd
Source: Centrum Broking Ltd
2023-11-04 10:37:57 am
Blue Star soars on reporting 66% rise in Q2 consolidated net profit Blue Star is currently trading at Rs. 916.80, up by 43.20 points or 4.95% from its previous closing of Rs. 873.60 on the BSE. The scrip opened at Rs. 903.90 and has touched a high and low of Rs. 954.00 and Rs. 896.80 respectively. So far 69739 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 954.00 on 31-Oct-2023 and a 52 week low of Rs. 552.80 on 18-Nov-2022. Last one week high and low of the scrip stood at Rs. ...
Blue Star soars on reporting 66% rise in Q2 consolidated net profit
Blue Star soars on reporting 66% rise in Q2 consolidated net profit
Source: Accord Fintech
2023-10-31 12:20:14 pm
India`s Blue Star Q2 profit jumps on air conditioner demand, strong order book Blue Star on Monday reported a jump in second-quarter profit, aided by a steady demand for its air conditioners amid a weak monsoon season, along with a strong order book. The company posted a consolidated net profit of 706.7 million rupees ($8.5 million) for the quarter ended Sept. 30, up over 66% from last year. Revenue from operations rose 19.5%. For further results highlights, click KEY CONTEXT The September quarter has been seasonally weaker for cooling-product makers as the ...
India`s Blue Star Q2 profit jumps on air conditioner demand, strong order book
India`s Blue Star Q2 profit jumps on air conditioner demand, strong order book
Source: Reuters
2023-10-30 05:19:05 pm
Blue Star gains on investing Rs 49 crore in Blue Star Climatech Blue Star is currently trading at Rs. 894.35, up by 7.10 points or 0.80% from its previous closing of Rs. 887.25 on the BSE.The scrip opened at Rs. 909.85 and has touched a high and low of Rs. 909.85 and Rs. 885.70 respectively. So far 2946 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 950.00 on 25-Sep-2023 and a 52 week low of Rs. 527.00 on 28-Sep-2022.Last one week high and low of the scrip stood at Rs. 950.00 and Rs. 880.40 ...
Blue Star gains on investing Rs 49 crore in Blue Star Climatech
Blue Star gains on investing Rs 49 crore in Blue Star Climatech
Source: Accord Fintech
2023-09-28 03:49:20 pm