Blue Star Q1FY27 Revenue Up 13.3% Amidst Margin Pressure
Blue Star Ltd reported a 13.3% revenue growth to ₹3,377.92 crore for Q1FY27, driven by a 15.1% increase in Segment I (Electro-Mechanical Projects & Commercial Air Conditioning Systems). However, margins were impacted by commodity price escalation, currency depreciation, and inventory issues, leading to a 23.7% drop in PBT before exceptional items and a 15.1% decline in net profit to ₹102.53 crore. The company saw significant inflow of Data Center MEP project orders, contributing to a 13.5% growth in the carried-forward order book to ₹7,764.38 crore. Despite investing in capacity and R&D, capital employed decreased due to improved working capital, and the company maintained a net cash position of ₹900.25 crore.
Key Highlights
- Revenue grew 13.3% to ₹3,377.92 cr in Q1FY27.
- EBITDA margin declined to 5.2% from 6.7% due to headwinds.
- Net profit decreased by 15.1% to ₹102.53 cr.
- Order book grew 13.5% to ₹7,764.38 cr, boosted by Data Center projects.
- Net cash position improved to ₹900.25 cr.
Price Impact
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