Blue Star Q1FY24 Results: Consolidated PAT Drops to Rs. 83.35 Cr

Blue Star Q1FY24 Results: Consolidated PAT Drops to Rs. 83.35 Cr

Blue Star Q1 results show revenue fell from 2630.48 crores to 2235.40 crores, a -15.02% decrease in growth. EPS rise from ₹11.70 to ₹4.33, down by -62.99%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Blue Star shared its Q1 results on Thursday. They earned 2235.40 crores in revenue this quarter, but that’s less than the 2630.48 crores they made last quarter. Unfortunately, the company’s growth decreased by -15.02 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 83.35 crores, down from 225.25 crores in the previous quarter. Their quarter-to-quarter growth decreased by -63.00 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹4.33, which is a decrease of -62.99% from the ₹11.70 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2235.40 crores this year (2023), which is 12.47 percent higher than last year’s total revenue of 1987.54 crores.

This year’s PAT (Profit After Tax) is 83.35 crores, which is also 12.26% higher than last year’s PAT of 74.25 crores.

The EPS (Earnings Per Share) for this year is ₹4.33, which is 12.18% more than the EPS of ₹3.86 earned last year.

Also Read: Tube Investments of India Q1FY24 Results: Consolidated PAT Drops to Rs. 214.97 Cr

Blue Star Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Blue Star:

Blue Star Ltd is a Mumbai-based Indian multinational company that deals in home appliances. It has a specialization in air conditioning, commercial refrigeration, and MEP (Mechanical, Electrical, and Plumbing) services. In the air conditioning sector, it stands as the country’s second-largest indigenous player.

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