Wed, Aug 07, 2024
Blue Star Ltd reports a remarkable two-fold increase in net profit to ₹168.76 crore for Q1 FY25, driven by strong demand for cooling products and effective cost management. Revenue surged by 28.72% to ₹2,865.37 crore, with significant growth in the air conditioning and refrigeration sectors. The company's robust performance is supported by a healthy order book
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Blue Star: Profit increased 2x to ₹169 crore, where did the margin and income get support from? What is the outlook regarding demand? What is the plan to increase market share to 15%? What is the company's plan regarding Capex?, watch Anil Singhvi's special conversation with Blue Star CMD, Veer Advani.
Tue, Apr 09, 2024
The company has already witnessed up to a 40 per cent year-on-year increase in sales of AC in March from the Southern region, where sales of cooling products start early, Blue Star Managing Director B Thiagarajan said.
Tue, Mar 02, 2021
Many companies have increased the prices of these products by 5-6 per cent already. The demand for ACs went up phenomenally because of work from home (WFH) norm forced by the corona pandemic. A report by Jefferies now indicates that sales of these companies will increase in the days ahead and that means the Q4 earning results are likely to be much stronger
Wed, Feb 03, 2021
Blue Star VC and MD Vir Advani said that there will be a lot of benefit from the budget as the government spending will increase. There will be spending in health, infra and PLI scheme which will be beneficial for the project business of the company
Thu, Dec 31, 2020
B Thiagarajan, Managing Director, Blue Star Ltd, talks about his outlook for 2021, demand, order book, vaccination program, expansion plans and Atmanirbhar Bharat among others during an exclusive interview with Swati Khandelwal, Zee Business.
Wed, Nov 04, 2020
B Thiagarajan, Managing Director, Blue Star Ltd, talks about September quarter (Q2FY21) numbers demand, order book, new products and initial response to it including the air conditioners equipped with virus deactivation technology among others during an exclusive interview with Zee Business Executive Editor Swati Khandelwal
Thu, Aug 13, 2020
While analyst Siddharth Sedani’s previous mid cap stock recommendations have been on the spot, the latest to join the bandwagon are Bombay Burmah Trading Corporation and PI Industries, both achieving their targets. In continuation, he gave three more mid cap stock picks with great potential to earn bumper returns for the investors
Tue, Aug 11, 2020
In the ‘Special Mid-cap Stock Picks' show with Zee Business Managing Editor Anil Singhvi, market expert Sacchitanand Uttekar has been regularly recommending stocks to buy that have gone on to do well.
Fri, Aug 07, 2020
Coronavirus pandemic hit the overall business of Blue Star during the June quarter, company’s Vice Chairman (VC) and Managing Director (MD) Vir Advani said while speaking to Zee Business Managing Editor Anil Singhvi today. The business was only 40 per cent in this quarter as compared to the corresponding quarter in FY20
Wed, Jun 24, 2020
This is going to be launched In July and a formal launch announcement should be happing in the middle of July. We have done the base work and the field trials are going on. This is a patented technology of the filter material, which we are incorporating in the air conditioners, B Thiagarajan, Managing Director, Blue Star said
Tue, May 05, 2020
Vir S Advani, Vice Chairman & Managing Director, Blue Star Limited, talks about NCD issue of Rs 300 crore, lockdown and its impact on his business, myth linked to air conditioning and the virus and new product line among others during a candid chat with Swati Khandelwal, Zee Business
Thu, Mar 19, 2020
B Thiagarajan, Managing Director, Blue Star Ltd, talks about the impact of coronavirus (COVID-19) on supplies and growth expectations in summers during a candid talk with Swati Khandelwal, Zee Business.
Wed, Feb 26, 2020
Air-conditioner components can fall short in supply due to the outbreak of novel coronavirus in china.
Thu, Nov 21, 2019
"We believe nearly 10 per cent of the air conditioner market will migrate towards this integrated air conditioners with in-built air purifiers", says B Thiagarajan, Managing Director, Blue Star Ltd. In an interview with Swati Khandelwal, Zee Business, Mr Thiagarajan, said, "My estimate for the full year for the air conditioning market is that it will grow by around 10% and we will be growing by 15%, and move our market share to 12.75%". Edited Excerpts:
Fri, Aug 16, 2019
The actual performance of the company is not reflected in the results due to management decisions, says B Thiagarajan, Joint Managing Director, Blue Star Ltd., in an interview with Business.
Wed, May 22, 2019
After exit poll 2019 predictions indicating a clear mandate to the ruling NDA coalition, some stocks can fetch you handsome returns in coming days.
Tue, Dec 18, 2018
B Thiagarajan, Joint Managing Director, Blue Star Ltd, during an interview with Swati Khandelwal, Zee Business, said, “Although the industry has suffered due to poor summer sales but can post a marginal growth of 5 per cent by end of FY19.”
Mon, Oct 01, 2018
The reason why investors have lost faith, is because of import duty hike ordered by government on a list of 19 items.
Sun, Mar 18, 2018
Companies expect sales to be higher by up to 30 per cent, following the Met department prediction of intense heat wave this season and temperature rising by over one degree above average. According to the manufacturers and retailers, the sales have already started picking up due to reduction in recurring electricity cost and rising mercury levels
Fri, Apr 07, 2017
Flipkart and Amazon India have started their three-day sale on electronics products starting from April 7 this week and ending on April 9.
Wed, Mar 29, 2017
Shares of Indian consumer durable companies, especially air conditioner makers like IFB Industries, Blue Star, Whirlpool and Voltas gained over 7% on BSE Sensex intraday on Wednesday.
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