{"id":141871,"date":"2023-02-15T09:18:18","date_gmt":"2023-02-15T14:18:18","guid":{"rendered":"https:\/\/44.250.171.167\/?p=141871"},"modified":"2023-02-15T09:18:19","modified_gmt":"2023-02-15T14:18:19","slug":"blue-star-ltd-nse-bluestarco-q3-fy23-results-out-total-income-rise-18-yoy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/blue-star-ltd-nse-bluestarco-q3-fy23-results-out-total-income-rise-18-yoy\/","title":{"rendered":"Blue star Ltd. (NSE: BLUESTARCO): Q3 FY23 Results Out; Total Income rise 18% YoY"},"content":{"rendered":"\n

Bluestar Ltd. (NSE: BLUESTARCO)<\/a> is a multinational company based in India that provides a range of solutions in the fields of air conditioning and commercial refrigeration. The company offers a wide range of products and services including central air conditioning systems, room air conditioners, refrigeration systems, cold storage, and building management systems. Bluestar has a strong presence in India and has also expanded to other countries such as the Middle East, Africa, and South East Asia. The company has a focus on energy-efficient solutions and has won several awards for its products and services.<\/p>\n\n\n\n

Bluestar Ltd, a consumer electronics company, has reported its Q3FY23 and 9MFY23 results. In Q3FY23, the company’s Revenue from Operations increased by 18.72% to Rs 1,788.20 crore, compared to Rs 1,506.22 crore during the same period in the previous year. The Operating Profit (PBIDTA excluding Other Income and Finance Income) for the quarter was Rs 104.71 crore compared to Rs 90.59 crore in Q3FY22. The net profit for the quarter was Rs 58.41 crore, compared to Rs 47.57 crore in Q3FY22. The earnings per share (not annualized) for Q3FY23 was Rs 6.06 compared to Rs 4.94 in Q3FY22. The Carried Forward Order Book as on December 31, 2022, grew by 47.27% to a record Rs 4,861.99 crore compared to Rs 3,301.33 crore as on December 31, 2021.<\/p>\n\n\n\n

During the current financial period, the company has capitalized new capacities including plant and machinery and factory buildings, and hence required to review the expected pattern of consumption of future economic benefits embodied in Property, Plant and Equipment. After the review, it was decided to change the depreciation method from \u2018Written Down Value\u2019 method to \u2018Straight Line Method\u2019 with effect from October 1, 2022, leading to a lower depreciation charge for the quarter by Rs 10.80 crore.<\/p>\n\n\n\n

In Q3FY23, the consolidated segment-wise revenue for the Electro-Mechanical Projects and Commercial Air Conditioning Systems segment grew by 20.51% to Rs 1,000.09 crore compared to Rs 829.85 crore in Q3FY22. The Segment Result for Q3FY23 grew by 36.77% to Rs 71.68 crore compared to Rs 52.41 crore in Q3FY22. Unitary Products revenue grew by 15.13% to Rs 701.90 crore in Q3FY23 compared to Rs 609.68 crore in Q3FY22. The Segment Result grew by 33.65% to Rs 51.83 crore in Q3FY23 compared to Rs 38.78 crore in Q3FY22. The Professional Electronics and Industrial Systems Business revenue grew by 29.27% to Rs 86.21 crore in Q3FY23 compared to Rs 66.69 crore in Q3FY22 driven by strong demand for Healthcare solutions on the backdrop of increasing awareness and investments in the Healthcare sector.<\/p>\n\n\n\n

For the nine months ended December 31, 2022, the company’s Revenue from Operations was Rs 5,334.76 crore compared to Rs 3,798.00 crore over the same period in the previous year, a growth of 40.46%. Operating Profit (PBIDTA excluding Other Income and Finance Income) was Rs 313.61 crore compared to Rs 203.52 crore during the same period last year. Net Profit for the nine months ended December 31, 2022, at Rs 175.40 crore has crossed the Net Profit of Rs 168.00 crore earned for the full year ended March 31, 2022. Net Profit for the nine months ended December 31, 2021, was Rs 91.73 crore. <\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bluestar Ltd. (NSE: BLUESTARCO) is a multinational company based in India that provides a range of solutions in the fields of air conditioning and commercial refrigeration. The company offers a wide range of products and services including central air conditioning systems, room air conditioners, refrigeration systems, cold storage, and building management systems. Bluestar has a […]<\/p>\n","protected":false},"author":1932,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5753],"tags":[11376],"class_list":["post-141871","post","type-post","status-publish","format-standard","hentry","category-earnings","category-industrials","tag-air-conditioner"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145029,"url":"https:\/\/alphastreet.com\/india\/earnings-blue-star-ltd-nse-bluestarco-q4fy23-results-out-total-income-rises-16-yoy\/","url_meta":{"origin":141871,"position":0},"title":"Earnings | Blue Star Ltd. 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