India's Blue Star beats Q3 earnings view on festive demand boost

Blue Star

29/01/2025 10:40

Jan 29 (Reuters) - India's Blue Star  BLUS.NS , which makes air conditioners and air purifiers, reported a
bigger-than-expected increase in third-quarter profit on Wednesday, helped by higher demand during the festive season.
    Consolidated net profit rose 32% to 1.33 billion rupees ($15.37 million) in the three months ended Dec. 31, beating
analysts' expectations of 1.23 billion rupees, as per data compiled by LSEG.
    Total revenue from operations rose 25% to 28.07 billion rupees, while analysts expected 26.56 billion rupees.
    Total expenses rose 25% during the quarter.
    For further results highlights, click (Full story).
    
    
    KEY CONTEXT
    Analysts have said the demand for home appliances held up in the October to December quarter, which includes many key
festivals.
    However, consumer electrical goods makers have been grappling with fluctuations in commodity prices and heightened
competition, which have squeezed their margins.
    Polycab  POLC.NS  and V Guard Industries  VGUA.NS  missed profit estimates for the quarter as their wires business was
impacted by commodity price fluctuations.
    
    
    PEER COMPARISON
    
                                    Valuation (next 12      Estimates (next 12          Analysts' sentiment           
                                          months)                months)                                          
                           RIC      PE    EV/EBI  Price/   Revenue      Profit     Mean     # of      Stock to      Div
                                           TDA    Sales   growth (%)  growth (%)  rating*  analyst     price       yield
                                                                                              s       target**      (%)
 Blue Star               BLUS.NS   48.55  33.17     -       19.95       29.89       Buy      17         0.92        0.40
 V Guard Industries      VGUA.NS   37.17  24.32     -       14.80       26.57       Buy      17         0.77        0.40
 Voltas                  VOLT.NS   41.66  33.40    2.53     16.06       37.18      Hold      33         0.82        0.38
 Havells India           HVEL.NS   52.61  35.80    3.94     14.91       23.09       Buy      24         0.81        0.67
  
* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above
the PT
    
    
OCTOBER-DECEMBER STOCK PERFORMANCE 
    
    
-- All data from LSEG 
-- $1 = 86.5370 Indian rupees

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
OCTOBER TO DECEMBER STOCK PERFORMANCE    https://tmsnrt.rs/4hggzTO
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 (Reporting by Ashna Teresa Britto; Editing by Eileen Soreng)
 ((AshnaTeresa.Britto@thomsonreuters.com;))