India's Blue Star reports rise in quarterly profit on strong commercial demand

Blue Star

05/11/2025 11:15

Nov 5 (Reuters) - India's Blue Star BLUS.NS reported a 2.9% rise in second-quarter profit on Wednesday, as strength in its commercial air-conditioning segment offset softness in residential demand.

Net profit rose to 990 million rupees ($11.26 million) from 962 million rupees a year earlier, while revenue for the quarter ended June 30 increased 6.4% to 24.22 billion rupees and expenses climbed 6.3% to 22.99 billion rupees.

KEY CONTEXT

Demand for commercial air-conditioning systems has been driven by consistent growth in the number of factories built and revamped in India, as well as the recent surge in data center projects.

A 16.5% sales growth in commercial air-conditioning offset the impact of a 9.5% decline in residential air-conditioning for Blue Star, as consumers deferred purchases after the government announced sweeping cuts to goods and services taxes on August 15.

The cuts went into effect on September 22.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Price/Sales
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
Blue Star
BLUS.NS
52.69
34.17
15.52
22.45
Hold
20
1.02
0.47
Crompton Greaves Consumer Electricals
CROP.NS
26.73
17.32
2.11
9.22
14.60
Buy
30
0.69
1.06
Voltas
VOLT.NS
46.42
35.97
2.61
11.04
22.57
Hold
35
0.98
0.51
Havells India
HVEL.NS
50.85
33.82
3.68
11.81
18.19
Buy
25
0.88
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

JULY TO SEPTEMBER STOCK PERFORMANCE

 -- All data from LSEG

-- $1 = 87.8950 Indian rupees

Blue Star India Stock Performance https://tmsnrt.rs/47PIBDj

 (Reporting by Ananta Agarwal in Bengaluru; Editing by Subhranshu Sahu)

 ((Ananta.agarwal@thomsonreuters.com;))