Blue Star revenue rises 4% but profits plunge 28%

Blue Star reported mixed Q1 results with revenue up 4.1% to ₹2,982.25 crore, but profit before tax fell 27.8% to ₹163.23 crore and EBITDA dropped 16% to ₹199.99 crore.

The Electro-Mechanical Projects and Commercial Air Conditioning segment surged 35.9% to ₹1,412.46 crore, with order book growing 11.5% to ₹5,080.36 crore.

However, Unitary Products revenue declined 13.3% to ₹1,499.37 crore due to unseasonal rains hitting room air-conditioning sales. Professional Electronics revenue fell 27.3% to ₹70.42 crore amid regulatory uncertainty in MedTech and delayed Data Security orders.