For the leading Indian manufacturer of air conditioning and commercial refrigeration products, Blue Star Limited, the FY 26 began on a softer note owing to unseasonal rains across the country resulting in a weak summer, adversely impacting the Room Air Conditioners business of the company. However, the B2B businesses continued to perform well resulting in an overall modest growth for the quarter. The company continues to maintain a robust order book scheduled for execution in the upcoming quarters.
Blue Star’s revenue from operations grew by 4.1% to Rs 2,982.25 crores for the quarter ended June 30, 2025, as compared to Rs 2,865.37 crores during the same period in the previous year. The operating profit (EBITDA excluding other income) for the quarter was Rs 199.99 crores (6.7% of revenue) compared to Rs 237.83 crores (8.3% of revenue) in Q1FY25.
The company’s profit before tax (before exceptional items) declined by 27.8% to Rs 163.23 crores in Q1FY26 compared to Rs 226.02 crores in Q1FY25. Also, the net profit for the quarter was Rs 120.82 crores as compared to Rs 168.76 crores reported in the same period of the previous year.
Commenting on their outlook, Vir S. Advani, Chairman & Managing Director, Blue Star Limited, said, “Our well-diversified portfolio of B2B products and solutions comprising, Electro-Mechanical Projects, Commercial Air Conditioning and Commercial Refrigeration, should help us partly offset the shortfall during the rest of the financial year.”
