Blue Star Q1 result: Profit up two-fold at Rs 168.76 cr, revenue up 28.7%

Air condition and commercial refrigeration system maker Blue Star Ltd has reported a two-fold increase in consolidated net profit at Rs 168.76 crore in the first quarter ended June 2024, helped by a robust demand of cooling products and cost management efforts.

The company had posted a net profit of Rs 83.37 crore in the April-June quarter of the previous fiscal, Blue Star said in a regulatory filing.

Its revenue from operations was up 28.72 per cent to Rs 2,865.37 crore in the June quarter. It was at Rs 2,222.60 crore in the year-ago period.

Blue Star's total expenses increased 25.51 per cent to Rs 2,663.20 crore in the June quarter.

Its total income in the June quarter was at Rs 2,889.14 crore, up 29.24 per cent.

Blue Star delivered an "exceptional business performance" in the first quarter of FY25," according to an earnings statement by the company on Tuesday.

"During the quarter, the company's revenue and profit growth were driven by robust demand for its diverse product port