Blue Star Limited — Quarter ended March 31, 2026 (FY ended March 31, 2026)
| Sr. No. |
PARTICULARS |
QUARTER ENDED (UNAUDITED) (Refer Note 2) 31.03.2026 |
QUARTER ENDED (UNAUDITED) 31.12.2025 |
QUARTER ENDED (UNAUDITED) (Refer Note 2) 31.03.2025 |
YEAR ENDED (AUDITED) 31.03.2026 |
YEAR ENDED (AUDITED) 31.03.2025 |
| 1 |
Income |
|
|
|
|
|
| (a) |
Revenue from operations |
4,072.06 |
2,925.31 |
4,018.96 |
12,401.99 |
11,967.65 |
| (b) |
Other income |
23.95 |
11.88 |
23.99 |
61.91 |
75.00 |
|
Total income |
4,096.01 |
2,937.19 |
4,042.95 |
12,463.90 |
12,042.65 |
| 2 |
Expenses |
|
|
|
|
|
| (a) |
Cost of materials consumed (including direct project and service cost) |
2,478.96 |
2,118.94 |
2,602.33 |
8,410.89 |
7,943.80 |
| (b) |
Purchase of stock-in-trade |
293.23 |
426.23 |
452.29 |
1,235.35 |
1,411.83 |
| (c) |
Changes in inventories of finished goods, stock-in-trade and work-in-progress |
425.29 |
(287.76) |
35.02 |
(104.15) |
(281.29) |
| (d) |
Employee benefits expense |
235.20 |
223.36 |
266.88 |
918.13 |
918.87 |
| (e) |
Finance cost |
23.06 |
22.09 |
18.75 |
72.14 |
48.80 |
| (f) |
Depreciation and amortisation expense |
48.23 |
45.86 |
35.42 |
178.79 |
128.37 |
| (g) |
Other Expenses |
313.12 |
223.81 |
383.04 |
1,011.37 |
1,098.52 |
|
Total expenses |
3,817.09 |
2,772.53 |
3,793.73 |
11,722.52 |
11,268.90 |
| 3 |
Profit before share of profit of joint ventures, exceptional items and tax (1-2) |
278.92 |
164.66 |
249.22 |
741.38 |
773.75 |
| 4 |
Share of profit / (loss) of joint ventures |
3.65 |
(0.69) |
(0.40) |
0.56 |
(1.33) |
| 5 |
Profit before exceptional items and tax (3+4) |
282.57 |
163.97 |
248.82 |
741.94 |
772.42 |
| 6 |
Exceptional items (refer note 4) |
17.52 |
(56.35) |
– |
(38.83) |
12.51 |
| 7 |
Profit before tax (5+6) |
300.09 |
107.62 |
248.82 |
703.11 |
784.93 |
| 8 |
Tax expense |
|
|
|
|
|
| (a) |
Current tax |
48.33 |
30.88 |
56.06 |
157.82 |
188.87 |
| (b) |
Deferred tax charge / (credit) |
24.58 |
(3.81) |
(1.24) |
17.96 |
4.78 |
|
Total tax expense |
72.91 |
27.07 |
54.82 |
175.78 |
193.65 |
| 9 |
Profit for the period / year, (7-8) |
227.18 |
80.55 |
194.00 |
527.33 |
591.28 |
| 10 |
Other comprehensive income / (loss) |
|
|
|
|
|
| (a) |
Items that will not be reclassified to profit / (loss) |
(2.43) |
0.47 |
1.83 |
(2.13) |
(2.08) |
|
Income tax relating to items that will not be reclassified to profit / (loss) |
0.64 |
(0.10) |
(0.48) |
0.60 |
0.52 |
| (b) |
Items that will be reclassified to profit / (loss) |
7.49 |
1.84 |
0.94 |
17.77 |
5.12 |
|
Income tax relating to items that will be reclassified to profit / (loss) |
– |
– |
– |
– |
– |
|
Other comprehensive income / (loss) |
5.70 |
2.21 |
2.29 |
16.24 |
3.56 |
| 11 |
Total comprehensive income for the period / year (9+10) |
232.88 |
82.76 |
196.29 |
543.57 |
594.84 |
| 12 |
Profits for the period attributable to : |
|
|
|
|
|
|
– Owners of the Company |
227.05 |
80.66 |
193.64 |
527.68 |
591.24 |
|
– Non-controlling interest |
0.13 |
(0.11) |
0.36 |
(0.35) |
0.04 |
| 13 |
Other comprehensive income / (loss) for the period / year attributable to |
|
|
|
|
|
|
– Owners of the Company |
5.56 |
2.18 |
2.29 |
15.98 |
3.50 |
|
– Non-controlling interest |
0.14 |
0.03 |
– |
0.26 |
0.06 |
| 14 |
Total comprehensive income for the period / year attributable to : |
|
|
|
|
|
|
– Owners of the Company |
232.61 |
82.84 |
195.93 |
543.66 |
594.74 |
|
– Non-controlling interest |
0.27 |
(0.08) |
0.36 |
(0.09) |
0.10 |
| 15 |
Paid up equity share capital (face value of the share – ₹ 2/- each) |
41.12 |
41.12 |
41.12 |
41.12 |
41.12 |
| Sr. No. |
PARTICULARS |
QUARTER ENDED (UNAUDITED) (Refer Note 2) 31.03.2026 |
QUARTER ENDED (UNAUDITED) 31.12.2025 |
QUARTER ENDED (UNAUDITED) (Refer Note 2) 31.03.2025 |
YEAR ENDED (AUDITED) 31.03.2026 |
YEAR ENDED (AUDITED) 31.03.2025 |
| 1 |
Debt equity ratio |
0.18 |
0.27 |
0.07 |
0.18 |
0.07 |
|
(Total debt {non-current borrowings + current borrowings} / equity) |
|
|
|
|
|
| 2 |
Debt service coverage ratio (DSCR) (not annualised for quarters) |
19.33 |
12.41 |
27.12 |
19.09 |
33.37 |
|
(Earnings before interest and tax / (interest expenses + principal repayments made during the period for long term loans)) |
|
|
|
|
|
| 3 |
Interest service coverage ratio (ISCR) (not annualised for quarters) |
19.33 |
12.41 |
27.12 |
19.09 |
33.37 |
|
(Earnings before interest and tax / interest expenses) |
|
|
|
|
|
| 4 |
Capital redemption reserve (₹ in Crores) |
2.34 |
2.34 |
2.34 |
2.34 |
2.34 |
| 5 |
Net worth (₹ in Crores) |
3,430.81 |
3,195.34 |
3,064.42 |
3,430.81 |
3,064.42 |
|
(As per section 2(57) of the Companies Act, 2013) |
|
|
|
|
|
| 6 |
Current ratio |
1.31 |
1.27 |
1.28 |
1.31 |
1.28 |
|
(Current assets / current liabilities) |
|
|
|
|
|
| 7 |
Bad debts to account receivable ratio |
0.01 |
|
0.01 |
0.01 |
0.01 |
|
(Bad debts / average gross account receivable) |
|
|
|
|
|
| 8 |
Current liability ratio |
0.95 |
0.94 |
0.95 |
0.95 |
0.95 |
|
(Current liabilities / total liabilities) |
|
|
|
|
|
| 9 |
Total debt to total assets |
0.07 |
0.10 |
0.02 |
0.07 |
0.02 |
|
(Total debt [non-current borrowings + current borrowings] / total assets) |
|
|
|
|
|
| 10 |
Debtors turnover (no. of days) |
42.69 |
49.73 |
38.48 |
60.32 |
59.65 |
|
(Average debtors for the period / turnover for the period X number of days in reporting period) |
|
|
|
|
|
| 11 |
Inventory turnover (no. of days) |
67.93 |
103.72 |
61.74 |
82.53 |
71.52 |
|
(Average inventory for the period / cost of goods sold for the period X number of days in reporting period) |
|
|
|
|
|
| 12 |
Operating margin (%) |
8.01% |
7.55% |
6.95% |
7.50% |
7.32% |
|
(Operating EBITDA [profit before tax – other income + finance charges + depreciation] / revenue from operations X 100) |
|
|
|
|
|
| 13 |
Net profit margin (%) |
5.55% |
2.74% |
4.80% |
4.23% |
4.91% |
|
(Profit / (loss) for the period / total income X 100) |
|
|
|
|
|
| Sr. No. |
PARTICULARS |
QUARTER ENDED (UNAUDITED) |
QUARTER ENDED (UNAUDITED) |
QUARTER ENDED (UNAUDITED) |
YEAR ENDED (AUDITED) |
YEAR ENDED (AUDITED) |
|
|
31.03.2026 |
31.12.2025 |
31.03.2025 |
31.03.2026 |
31.03.2025 |
| I |
SEGMENT REVENUE |
|
|
|
|
|
| (a) |
Electro – mechanical projects and commercial air conditioning systems |
1,989.92 |
1,696.21 |
1,968.17 |
6,762.80 |
5,997.99 |
| (b) |
Unitary products |
1,984.96 |
1,154.22 |
1,960.23 |
5,332.36 |
5,621.11 |
| (c) |
Professional electronics and industrial systems |
97.18 |
74.88 |
90.56 |
306.83 |
348.55 |
|
TOTAL SEGMENT REVENUE |
4,072.06 |
2,925.31 |
4,018.96 |
12,401.99 |
11,967.65 |
| II |
SEGMENT RESULT PROFIT BEFORE INTEREST & TAX |
|
|
|
|
|
| (a) |
Electro – mechanical projects and commercial air conditioning systems |
128.49 |
114.66 |
149.91 |
501.91 |
490.88 |
| (b) |
Unitary products |
206.98 |
97.65 |
164.53 |
434.82 |
471.26 |
| (c) |
Professional electronics and industrial systems |
14.27 |
6.83 |
8.75 |
34.89 |
29.72 |
|
TOTAL SEGMENT RESULT |
349.74 |
219.14 |
323.19 |
971.62 |
991.86 |
|
Less: i) Interest and other financial charges |
23.06 |
22.09 |
18.75 |
72.14 |
48.80 |
|
ii) Un-allocable expenditure |
47.76 |
32.39 |
55.22 |
158.10 |
169.31 |
|
TOTAL PROFIT BEFORE SHARE OF PROFIT/(LOSS) OF JOINT VENTURE, TAXATION AND EXCEPTIONAL ITEM |
278.92 |
164.66 |
249.22 |
741.38 |
773.75 |
|
Share in profit/(loss) of joint ventures |
3.65 |
(0.69) |
(0.40) |
0.56 |
(1.33) |
|
Exceptional items |
17.52 |
(56.35) |
– |
(38.83) |
12.51 |
|
PROFIT BEFORE TAX |
300.09 |
107.62 |
248.82 |
703.11 |
784.93 |
| III |
SEGMENT ASSETS |
|
|
|
|
|
| (a) |
Electro – mechanical projects and commercial air conditioning systems |
3,690.38 |
3,705.05 |
3,731.01 |
3,690.38 |
3,731.01 |
| (b) |
Unitary products |
3,169.17 |
3,354.49 |
2,902.25 |
3,169.17 |
2,902.25 |
| (c) |
Professional electronics and industrial systems |
154.34 |
157. |
|
|
|