|
||
Blue Star’s Consolidated Q1FY17 Total Income Grows 29% to Rs 1217 Crores on a Comparable Basis | ||
Mumbai, Maharashtra, India Blue Star Limited has reported a growth of 29% in Consolidated Total Income and 14% in Profit Before Interest, Depreciation and Tax (excluding Exceptional Items) for the quarter ended June 30, 2016 (excluding Blue Star Infotech Limited’s IT business revenue and profits considered in Q1FY16 numbers).
Due to the merger of Blue Star Infotech Limited (BSIL) and its subsidiary, Blue Star Infotech Business Intelligence & Analytics Private Limited (BSIBIA) with Blue Star Limited as well as the re-organisation of Blue Star Limited and its wholly-owned subsidiaries in FY16, previous year’s numbers have been restated wherever required under IND AS and also to give effect to the restructuring. Therefore, the Q1FY17 performance is not directly comparable with the previous year’s numbers.
Consolidated Financial Performance for Q1FY17
Consolidated Segment Performance for Q1FY17
Outlook The normal monsoon in most parts of the country is likely to enhance demand for unitary products, especially from Tier 3/4/5 towns. Middle class consumer spends continue to be on the rise and the festive season is anticipated to trigger greater sales of consumer durables. Though the Electro-Mechanical projects business as well as the Professional Electronics & Industrial Systems business remain slow-growing due to lackluster investment, the Unitary Products business is expected to drive overall growth. The addition of new product lines such as water purifiers, air purifiers and air coolers will further help the Company to maintain revenue growth and better results for the rest of the year. |
||
Media Contact Details
Girish Hingorani
Blue Star Limited +91 22 6668 4000 |
||
|
|||||
| |||||