InvestorQ : How were the fourth quarter numbers of Blue Star Ltd announced on Thursday?
vaishnavi mhatre made post

How were the fourth quarter numbers of Blue Star Ltd announced on Thursday?

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vidhya Laxmi answered.
3 weeks ago
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For the Mar-22 quarter, Blue Star reported 39.5% growth in total revenues yoy at Rs.2,247.58 crore. Even on sequential basis, revenues were higher by 49.2%. For FY22, revenues increased by a healthy 40.6% at Rs.6,081 crore. Blue Star saw robust growth across the Electromechanical projects / air conditioning vertical as well as the unitary products vertical. With early summers turning out to be quite torrid, the sales of Air Conditioners have seen a sharp spike in India, helping Blue Star.

Blue Star Ltd

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 2,247.58

₹ 1,611.55

39.47%

₹ 1,506.22

49.22%

Net Profit (Rs cr)

₹ 76.16

₹ 67.96

12.07%

₹ 47.50

60.34%

Diluted EPS (Rs)

₹ 7.92

₹ 7.06

₹ 4.94

Net Margins

3.39%

4.22%

3.15%

  

The consolidated net profit for Q4 was up by a more subdued 12.07% at Rs.76.16 crore. This is despite the rather impressive operating profit growth at 37% on a yoy basis. The bottom line took a hit on account of lower inventory management efficiency as well as higher proportion of unallocable expenses. Net Profit margins were 3.39% in Mar-22 quarter compared to 4.22% in Mar-21 quarter. NPM was higher sequentially compared to 3.15% in Q3. Normally, the project execution business generally operates on lower net margins.

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