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Q1FY23 Quarterly Result Announced for Blue Star Ltd.

 Consumer electricals company Blue Star announced Q1FY23 results: The Company’s Revenue from Operations increased by 87.3% to Rs 1970.32 crores for the quarter ended June 30, 2022 compared to Rs 1052.04 crores during the same period in the previous year. The Operating Profit (PBIDTA excluding Other Income and Finance Income) for the quarter was Rs 123.31 crores compared to Rs 42.23 crores in Q1FY22. Net Profit for the quarter grew to Rs 74.35 crores compared to Rs 12.71 crores in Q1FY22. Other Income (including Finance Income) for Q1FY23 was Rs 10.51 crores compared to Rs 7.95 crores in Q1FY22. Finance Cost for the quarter marginally decreased to Rs 10.62 crores from Rs 10.73 crores in Q1FY22. Tax expense for the quarter was Rs 26.34 crores compared to Rs 6.52 crores in Q1FY22. Earnings per share (not annualized) for Q1FY23 (Face value of Rs 2.00) was Rs 7.72 compared to Rs 1.32 in Q1FY22. Carried Forward Order Book as on June 30, 2022, grew by 23.8% to Rs 3901.48 crores, compared to Rs 3152.30 crores as on June 30, 2021. Higher cash from operations coupled with a continued focus on working capital management enabled the Company to end the quarter with a net cash balance of Rs 81.03 crores compared to a net borrowing of Rs 68.47 crores on June 30, 2021 (Net debt equity ratio of 0.08) after exercising the call option to redeem NonConvertible debentures to the tune of Rs 175 crores in June 2022. Vir S. Advani, Vice Chairman & Managing Director, Blue Star Limited adds, “I am happy that we could deliver good results for the third consecutive quarter in a row. While the momentum continues with healthy inflow of enquiries and orders for our products and services, we anticipate headwinds due to inflationary pressures, rising interest rates, weakening of Indian Rupee, and global recessionary concerns. However, considering the large carried forward order book for our B2B businesses, significantly lower rate of penetration of room air conditioners in India, commencement of capex and construction cycles, and softening of commodities, we are optimistic about the prospects for FY23.” Result PDF
04-08-2022
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BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 With reference to our letter dated July 12, 2022, and in accordance with Regulation 30 of the Listing Regulations, we hereby inform you that the Board of Directors (the ''Board'') at its Meeting held today, i.e. Thursday, August 4, 2022, have inter alia approved and taken on the record the Un-audited Standalone and Consolidated Financial Results of the Company for the first quarter ended June 30, 2022 along with the Limited Review Reports, pursuant to Regulation 33 and 52 of the Listing Regulations. The copies of aforesaid Financial Results along with the Limited Review Reports and Press Release issued by the Company in respect of the same are enclosed herewith. The meeting commenced at 11:00 a.m. and concluded at 03:15 p.m. The above information is also available on the website of the Company at www.bluestarindia.com.
04-08-2022
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BLUE STAR LTD. - 500067 - Board Meeting Outcome for Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (The ''Listing Regulations'') - Outcome Of The Board Meeting

 With reference to our letter dated July 12, 2022, and in accordance with Regulation 30 of the Listing Regulations, we hereby inform you that the Board of Directors (the ''Board'') at its Meeting held today, i.e. Thursday, August 4, 2022, have inter alia approved and taken on the record the Un-audited Standalone and Consolidated Financial Results of the Company for the first quarter ended June 30, 2022 along with the Limited Review Reports, pursuant to Regulation 33 and 52 of the Listing Regulations. The copies of aforesaid Financial Results along with the Limited Review Reports and Press Release issued by the Company in respect of the same are enclosed herewith. The meeting commenced at 11:00 a.m. and concluded at 03:15 p.m.
04-08-2022
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BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 With reference to our letter dated July 12, 2022, and pursuant to Regulation 30(6) read with Part A of Schedule Ill of the Listing Regulations, we hereby inform you that Investors'' Conference Call post announcement of Financial Results for the first quarter ended June 30, 2022 of the Company, is scheduled to be held on Friday, August 5, 2022, at 4:30 p.m. (IST). The details of the aforesaid Conference Call are enclosed herewith. The aforesaid information is also being made available on the website of the Company at www.bluestarindia.com Kindly take the same on record.
15-07-2022
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BLUE STAR LTD. - 500067 - Statement Of Investor Complaints For The Quarter Ended June 2022

 No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0440 Name of the Signatory :- Mr Rajesh ParteDesignation :- Company Secretary and Compliance Officer
13-07-2022
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BLUE STAR LTD. - 500067 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

 Please find enclosed herewith certificate received from Company''s Registrar and Share Transfer Agent (''RTA''), viz., Link lntime India Private Limited, a SEBI registered Category I RTA bearing Registration Number INR000004058, confirming compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The above information is also being placed on the Company''s website at www.bluestarindia.com Kindly take the same on record.
13-07-2022
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BLUE STAR LTD. - 500067 - Board Meeting Intimation for Prior Intimation Under Regulations 29 And 50 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (The 'Listing Regulations')

 BLUE STAR LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2022 ,inter alia, to consider and approve the Un-audited Standalone and Consolidated Financial Results (with limited review report) of the Company for the first quarter ended June 30, 2022, as required under Regulation 33(3) and 52 of the Listing Regulations. The aforesaid information is also being placed on the website of the Company at www.bluestarindia.com Kindly take the same on record.
12-07-2022
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BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Pursuant to Regulation 47 of the Listing Regulations, please find enclosed herewith the copies of the advertisement published in the following newspapers: a) Financial Express (English -All India Edition) issue dated July 9, 2022 b) Mumbai Lakshadeep (Marathi - Mumbai Edition) issue dated July 9, 2022 The above stated advertisement is to confirm dispatch of the Notice of 74th Annual General Meeting (AGM) and Integrated Annual Report for the financial year 2021-22 of the Company on Friday, July 8, 2022 and details of remote e-voting for the 74th AGM, in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014, as amended from time to time and Regulation 44 of the Listing Regulations. The copy of the said advertisements are also being made available on the website of the Company at www.bluestarindia.com Kindly take the same on record.
09-07-2022

Blue Star eyes Rs 10k cr revenue in medium term, to enter western countries

 Air conditioning and commercial refrigeration major Blue Star aims to grow its revenue to Rs 10,000 crore in the medium term and plans to enter North American and European markets, according to the latest annual report of the company. The company is now gearing up for the next phase of growth and as part of that, is focusing on building scale. The next phase of growth will see Blue Star becoming a more eminent player on the international front and consolidate its position in the Middle East, Africa, and South Asia regions with deeper market penetration and the introduction of innovative products and solutions, said Vice Chairman & Managing Director Vir S Advani. "We have set more ambitious goals to expand our global footprint with a strategy to enter North America and Europe as an Original Design & Manufacturing (ODM) solutions provider," said Advani while addressing shareholders. Besides, Blue Star will further strengthen its R&D and innovation capabilities and deploy the
08-07-2022
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BLUE STAR LTD. - 500067 - Intimation Under Regulations 30, 34 And 53 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (The ''Listing Regulations'') - Notice Of 74Th Annual General Meeting And Integrated Annual Report Of The Company For The Financial Year 2021-22

 This is in furtherance to our letter dated June 21 , 2022, wherein we have informed that the 74th Annual General Meeting (the ''AGM'') of the Members of the Company will be held on Thursday, August 4, 2022 at 3:30 p.m. (IST) through Video Conferencing (''VC'')/Other Audio Visual Means (''OAVM'') in compliance with the applicable circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI). Pursuant to Regulations 30, 34 and 53 of the Listing Regulations, we are submitting herewith the Integrated Annual Report of the Company for the financial year 2021-22 along with the Notice of the 74th AGM, which is also being sent through electronic mode to all those Members whose email addresses are registered with the Company/Link lntime India Pvt Ltd (the "Registrar and Transfer Agent" of the Company)/Depository Participant(s) in accordance with the applicable circulars.
08-07-2022
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