Bluestar falls on profit miss as unseasonal cool weather weighs on room AC demand

Blue Star

06/11/2025 07:57

** Shares of Blue Star BLUS.NS slide 5.43% to 1,814 rupees, the lowest since August 8

** Co's quarterly consol net profit increased 2.9% to 990 million rupees, missing average estimate of 1.06 billion rupees according to data compiled by LSEG

** Air Conditioner manufacturer's management says the room air condioner segment continued to see slower demand in the quarter ending in September on prolonged rains and lower temperatures

** Co says it remains concerned about unseasonal rains, despite being optimistic about the benefits of GST cuts in the third quarter

** More than 1.8 million shares change hands vs 30 day avg of 408,408 shares

** Stock rated "Hold" on average by 19 analysts; median PT at 1,922 rupees -- LSEG data

** YTD, stock down 15.2%

 (Reporting by Mridula Kumar)

 ((Mridula.kumar@thomsonreuters.com))