Blue Star Ltd posted a strong performance in Q2 FY24, with net profit surging by 35.6% year-on-year to ₹96 crore, compared to ₹70.8 crore in Q2 FY23. This rise in profit was underpinned by strategic cost management and increased operational efficiency.
The company’s revenue from operations grew by 20.4%, reaching ₹2,276 crore from ₹1,890.4 crore a year earlier. This revenue boost reflects steady demand across key segments, especially as Blue Star capitalises on the market’s shift towards energy-efficient solutions.
EBITDA for the quarter saw an increase of 21.8% to ₹149.4 crore, up from ₹122.7 crore in Q2 FY23.
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Despite rising costs, Blue Star’s operating margin inched up to 6.6% from 6.5% year-on-year, indicating a firm grip on operational expenses alongside revenue growth.
On the BSE, shares of Blue Star closed at ₹1,878, marking a 1.18% rise for the day.
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