Blue Star Q2 Profit Rises 25 Percent
Blue Star reported a twenty five percent jump in quarterly profit driven by robust summer demand for room air conditioners. Revenue rose nearly twenty one percent to twenty nine point three billion rupees despite rising material costs.
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Blue Star Ltd reported a 25.3% jump in quarterly net profit to 1.24 billion rupees ($13M) on Thursday morning, driven by strong air-conditioner demand during an extended summer season across India. The company's revenue from operations rose 21% to 29.31 billion rupees for the quarter ended September 30. The consumer appliance maker capitalized on unseasonably warm weather, though persistent cost pressures weighed on margins.
