on Wednesday reported an increase of 21.47 per cent in consolidated net profit at Rs 194 crore in the March quarter, led by its room air-conditioner and project business. The company had posted a net profit of Rs 159.71 crore in the January-March quarter a year ago, according to a regulatory filing from Blue Star Ltd. Its revenue from operations grew 20.77 per cent to Rs 4,018.96 crore in the March quarter. It was Rs 3,327.77 crore in the year-ago period.
Total expenses of the homegrown cooling products maker increased 21.34 per cent to Rs 3,793.73 crore in the March quarter.
Blue Star's revenue from the electro-mechanical projects and commercial air conditioning systems segment stood at Rs 1,968.17 crore in the January-March quarter, up 30.6 per cent.
Its revenue from unitary products, under which its room AC business comes, was Rs 1,960.23 crore in the March quarter.
However, its revenue from the professional electronics and industrial systems business was down 19.18 per cent to Rs 90.56 crore. The company's total income increased to Rs 4,042.95 crore in the fourth quarter from Rs 3,340.16 crore in the same period a year ago. For the entire FY25, the net profit increased to Rs 591.28 crore from Rs 414.31 crore in FY24.
Blue Star's total consolidated income was up 23.73 per cent to Rs 12,042.65 crore for the financial year, which ended on March 31, 2025.
The company "sustained its growth momentum in FY25, driven by strong demand across key businesses. Notably, the Room AC business achieved exceptional growth during the year due to demand fuelled by an intense summer and stocking by channel partners to tackle potential supply chain uncertainties," Blue Star said in its earnings statement.
Meanwhile, in a separate filing, Blue Star informed its board in a meeting held on Wednesday also recommended a final dividend of Rs 9 per equity share of Rs 2 each for the financial year ended March 31, 2025.
It further approved the re-appointment of Vir S Advani as the company's Chairman & Managing Director for a further period of five years commencing from April 1, 2026.
The approval is based on the recommendations of the Nomination and Remuneration Committee and is subject to the approval of members of the company.
Shares of Blue Star Ltd on Wednesday settled at Rs 1,679.95 apiece on the BSE, down 0.65 per cent from the previous close.
