Blue Star shares soar on the back of strong Q2 numbers; profit and margin move up

Blue Star Share Price: Blue Star shares were soaring higher on BSE on Tuesday (October 31, 2023) in their first trading session after the company reported strong operational performance in its September quarter results.

The shares were soaring higher by 6.14 per cent, or Rs 53.60, or Rs 927.20 each, on Tuesday, a day after the company reported strong revenues and improved margins in its second-quarter results of the current financial year. 

Blue Star Q2 Numbers

The company that mainly manufactures air conditioners, air purifiers, and water coolers reported on Monday that its carry forward orderbook was up by 44 per cent at Rs 6,000 crore.

The company's margin also improved to 6.5 per cent against 5.4 per cent.

While the company's revenues were up by 66 per cent, its profit also soared by 19 per cent.