BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
Pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, please find enclosed report by the Company on violation related to Code of Conduct in the format prescribed by SEBI vide its Circular No. SEBl/HO/ISD/ISD/CI R/P/2020/135 dated July 23, 2020. This is for your information and records. Buy Blue Star; target of Rs 1200: Sharekhan
Sharekhan is bullish on Blue Star has recommended buy rating on the stock with a target price of Rs 1200 in its research report dated February 03, 2022. BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In continuation of our letter dated February 2, 2022 with regard to the Financial Results for the Third Quarter and nine months ended December 31, 2021, please find enclosed herewith copies of the advertisement published in the newspapers as follows: a) The Economic Times (English - Mumbai Edition) issue dated February 3, 2022 b) Financial Express (English -All India Edition) issue dated February 3, 2022 c) Mumbai Lakshadeep (Marathi - Mumbai Edition) issue dated February 3, 2022 The advertisement copies are also being made available on the website of the Company at www.bluestarindia.com Kindly take the same on record. BLUE STAR LTD. - 500067 - Investor Update For The Third Quarter And Nine Months Ended December 31 , 2021
We are enclosing herewith the Investor Update for the Third Quarter and nine months ended December 31 , 2021 . The said information is also being made available on the website of the Company at www.bluestarindia .com Kindly take the same on record . BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations") read with Part A of Schedule Ill of the Listing Regulations, we are enclosing herewith the Investors'' Presentation for the Third Quarter and nine months ended December 31, 2021. The said information is also being made available on the website of the Company at www.bluestarindia.com Kindly take the same on record.
Blue Star shares get a boost on healthy revenue growth, improved sales prospects
The next six months are expected to see a strong rise in sales for cooling products with industry growth surpassing 20%. This is after two consecutive washout summer seasons.
Earnings Call for Q3FY22 of Blue Star Ltd
Conference Call with Blue Star Ltd Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript. Q3FY22 Quarterly Result Announced for Blue Star Ltd.
Consumer Electronics company Blue Star declares Q3FY22 result: Blue Star’s Q3FY22 revenue surpasses pre-pandemic levels; Operating profit all-time high at Rs 90.59 crores The Company’s Revenue from Operations increased by 34.0% to Rs 1506.22 crores for the quarter ended December 31, 2021, on a consolidated basis, compared to Rs 1123.89 crores during the same period in the previous year. The Operating Profit (PBIDTA excluding Other Income and Finance Income) for the quarter was Rs 90.59 crores (6.0% of Revenue) compared to Rs 81.56 crores (7.3% of revenue) in Q3FY21. Impact of increase in commodity prices, raw materials and ocean freight and roll back of FY21 cuts in discretionary spends led to a lower EBITDA percentage for Q3FY22. Net Profit for the quarter grew by 29.4% to Rs 47.57 crores compared to Rs 36.77 crores in Q3FY21. Other Income (including Finance Income) for Q3FY22 was Rs 13.38 crores compared to Rs 8.09 crores in Q3FY21. Other Income for Q3FY22 was higher on account of a subsidy received for one of the Company’s manufacturing plants. Finance Cost for the quarter decreased to Rs 11.56 crores from Rs 14.92 crores in Q3FY21 due to a reduction in gross borrowings and lower cost of funds. The Tax expense for the quarter was Rs 22.75 crores compared to Rs 12.96 crores in Q3FY21. Earnings per share for Q3FY22 (Face value of Rs 2.00) was Rs 4.94 compared to Rs 3.82 in Q3FY21. Carried Forward Order Book as on December 31, 2021, grew by 4.5% to Rs 3301.33 crores compared to Rs 3157.90 crores as on December 31, 2020. Net Borrowing as on December 31, 2021, increased marginally to Rs 165.11 crores (debt equity ratio of 0.18) compared to Rs 131.01 crores as on December 31, 2020 (debt equity ratio of 0.16), owing to planned advancement in inventory levels to meet the demand for the upcoming season and investments in the expansion projects at Sri City and Wada Revenue of the Electro-Mechanical Projects and Commercial Air Conditioning Systems grew by 41.7% to Rs 829.85 crores in Q3FY22 compared to Rs 585.49 crores in Q3FY21. The Segment Result for Q3FY22 grew by 53.6% to Rs 52.41 crores compared to Rs 34.11 crores in Q3FY21. The overall pace of execution of projects improved compared to the previous quarter. Order inflows from the Factories and Light Industrial sectors continued to be encouraging and order inflows from the Infrastructure sector also began to pick up. Continued traction in the Healthcare, Pharmaceutical, Industrial and Government customer segments coupled with the increased pace of revival in the traditional segments, namely, Buildings, Retail, IT and Educational Institutions enabled encouraging growth for the Commercial Air Conditioning business. Unitary Products revenue grew by 23.7% to Rs 609.68 crores in Q3FY22 compared to Rs 492.97 crores in Q3FY21. The Segment Result for Q3FY21 was almost flat at Rs 38.78 crores compared to Rs 38.79 crores in Q3FY21 primarily due to input cost pressures. Focus on expansion of distribution footprint contributed to the robust revenue growth in the Room ACs business. Improvement in demand for modular cold rooms from the Pharma, Healthcare, E-commerce, and Food & Beverages segments coupled with a revival in demand for Kitchen Refrigeration equipment with the opening up of hotels and restaurants enabled growth in revenue for the Commercial Refrigeration business during the quarter. The Professional Electronics and Industrial Systems Business revenue grew by 46.8% to Rs 66.69 crores in Q3FY22 compared to Rs 45.43 crores in Q3FY21 driven by a few high-value orders secured in the Data Security Solutions business and growth in revenue from the Healthcare business. The Testing Machines business also continued to witness growth with a revival of investments in the manufacturing sector. Segment Result grew by 54.5% to Rs 12.76 crores compared to Rs 8.26 crores in Q3FY21. Vir S. Advani, Vice Chairman & Managing Director, Blue Star Limited adds, “We delivered an impressive performance for the quarter, despite margins being impacted by the volatility in commodity prices and ocean freight. With the third wave causing a relatively moderate disruption from the first week of January 2022, we are anticipating economic activities to revive fully by the end of February and are optimistic on the growth outlook for the peak selling months, commencing March. “Our mass premium product portfolio in the Room ACs business continues to resonate well with distributors and customers; prospects for our expanded range of commercial refrigeration products are encouraging; and increased investments by both the public and private sectors are expected to offer good opportunities to our Projects business.” Result PDF BLUE STAR LTD. - 500067 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
We are enclosing herewith a copy of the Press Release issued by the Company titled "Blue Star''s Q3FY22 revenue surpasses pre-pandemic levels; Operating profit all-time high at Rs 90.59 crores". The aforesaid information is also being placed on the website of the Company at www.bluestarindia.com Kindly take the same on record. BLUE STAR LTD. - 500067 - Outcome Of The Board Meeting
With reference to our letter dated January 18, 2022, and in accordance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ''Listing Regulations''), we hereby inform you that the Board of Directors (the ''Board'') at its Meeting held today, i.e. Wednesday, February 2, 2022, has inter alia approved and taken on record the Unaudited Standalone and Consolidated Financial Results of the Company for the Third Quarter and nine months ended December 31, 2021 along with Limited Review Reports, pursuant to Regulation 33 and Regulation 52 of the Listing Regulations. The copies of aforesaid Financial Results along with the Limited Review Reports are enclosed herewith. The meeting commenced at 11 :00 a.m. and concluded at 3:45 p.m.