Blue Star surges on reporting over a 2-fold jump in Q4 consolidated net profit!

Shares of the company gained more than 18% in the last six months. 

Quarterly and Annual results 

The company has reported an 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, the total income of the company increased by 20.95% at Rs 2433.53 crore for Q4FY23 as compared to Rs 2012 crore for the corresponding quarter previous year. 

On a consolidated basis, the company has reported an over 2-fold jump in its net profit at Rs 225.29 crore for the 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, on a consolidated basis, the company has reported 2-fold jump in its net profit at Rs 400.69 crore as compared to Rs 168 crore for the previous year. Total income of the company increased by 31.29% at Rs 8008.19 crore for the year under review as compared to Rs 6099.80 crore for the year ended March 31, 2022. 

Share price movement of Blue Star Limited  

Today, the stock opened at Rs 1505, with a high and low of Rs 1505 and Rs 1443. Currently, the stock is trading at Rs 1447, down by 0.65%. 

The stock has a 52-week high of Rs 1550 and a 52-week low of Rs 860.00. The company has ROE and ROCE of 23.6 and 24.6 and a market capitalisation of Rs 13,945 crore.    

Company profile     

Blue Star manufactures air purifiers, air coolers, water purifiers, cold storage and speciality products. The company offers turnkey solutions in MEP (Mechanical, Electrical, Plumbing, and Fire-fighting) projects.