Q1FY24 Quarterly Result Announced for Blue Star Ltd.
Consumer electronics company Blue Star announced Q1FY24 results: Revenue from operations increased by 12.6% to Rs 2,226.00 crore for Q1FY24, compared to Rs 1,977.03 crore during Q1FY23. The operating profit (PBIDTA excluding other income and finance income) for Q1FY24 was Rs 145.00 crore (6.5% of Revenue) compared to Rs 123.31 crore (6.2% of Revenue) in Q1FY23. Net profit for Q1FY24 grew to Rs 83.37 crore compared to Rs 74.35 crore in Q1FY23. Other income (including finance income) for Q1FY24 was Rs 9.40 crore compared to Rs 10.51 crore in Q1FY23. Finance cost for Q1FY24 increased to Rs 18.00 crore from Rs 10.62 crore in Q1FY23. Tax expense for Q1FY24 was Rs 30.24 crore compared to Rs 26.34 crore in Q1FY23. Earnings per share (not annualized) for Q1FY24 (Face value of Rs 2.00) was Rs 4.33 compared to Rs 3.86 in Q1FY23. Carried forward order book as on June 30, 2023, grew by 37.4% to Rs 5,359.05 crore, compared to Rs 3,901.48 crore as on June 30, 2022. Net borrowing as on June 30, 2023, was Rs 283.46 crore (Debt Equity ratio of 0.20 on a net basis), compared to a net cash position of Rs 81.03 crore as of June 30, 2022. Relatively higher borrowing levels are due to the investments in manufacturing capacity expansion to meet the growth in demand. Result PDF03-08-2023
