Blue Star posts steady results
Blue Star Limited reported mixed set of numbers with flat top-line. However, the bottom-line for the quarter grew strongly.
The revenue for the quarter declined by 0.8 per cent to Rs. 1,507 crore in Q1FY19 as against Rs. 1,519 crore in the corresponding quarter last year. The company's two segments, namely, air conditioning and unitary products witnessed flattish growth.
The EBITDA for the quarter rose by 23.3 per cent yoy to Rs. 136 crore in Q1FY19 as compared to Rs. 110 crore in the corresponding quarter last year. The EBITDA margins for the quarter rose by 180 bps to 9 per cent for the quarter as against 7.3 per cent
The net profit for the quarter rose by 24.3 per cent yoy to Rs.95 crore in Q1FY19 as against Rs.76 crore in the corresponding quarter last year.
On Thursday, the stock was trading at Rs. 695 per share, up by 1.75 per cen