Jun 03, 2021 01:38 PM IST
The low penetration levels coupled with rising temperatures make a compelling case for long-term investment in the AC sector
- Apr 14, 2021 03:18 PM IST
Net Sales are expected to increase by 21.8 percent Y-o-Y (up 40.8 percent Q-o-Q) to Rs. 1,583 crore, according to Motilal Oswal.
- Apr 11, 2021 12:41 PM IST
Net Sales are expected to increase by 7.1 percent Y-o-Y (up 23.8 percent Q-o-Q) to Rs. 1,391.4 crore, according to KRChoksey.
- Jan 15, 2021 03:18 PM IST
Net Sales are expected to decrease by 1.9 percent Y-o-Y (up 34.3 percent Q-o-Q) to Rs. 1,235.9 crore, according to KR Choksey.
- Feb 28, 2020 08:27 AM IST
- Nov 20, 2019 10:48 AM IST
- May 06, 2019 03:43 PM IST
- Nov 15, 2018 06:15 PM IST
Strong execution of electro-mechanical projects offset the disadvantage of weak AC sales in the quarter gone by.
- Jul 22, 2018 06:09 PM IST
Net Sales are expected to increase by 5.9 percent Y-o-Y (up 4.5 percent Q-o-Q) to Rs. 1,542 crore, according to KR Choksey.
- Jul 13, 2018 03:05 PM IST
A rise in crude oil prices have also impacted the pricing in the home appliances space, weakening consumer demand
- May 16, 2018 03:27 PM IST
From an investor's point of view, traction in the air cooling segment, enhanced brand visibility, product launches, government projects, and addition of clients are key tailwinds.
- Apr 20, 2018 04:50 PM IST
Net Sales are expected to increase by 20 percent Y-o-Y (up 69.2 percent Q-o-Q) to Rs. 1,660.3 crore, according to KR Choksey.
- Feb 13, 2018 12:36 PM IST
With disposable incomes rising and government’s push towards pan-India electrification evident, AC manufacturers have quite a few tailwinds to look forward to.
- Nov 01, 2017 12:20 PM IST
Blue Star posted a lacklustre set of earnings in Q2 as air conditioner (AC) business margins fell and electro-mechanical projects business revenue business declined by 7 percent; the management says the overall market is yet to pick up. In an interview to CNBC-TV18, Vir Advani, MD of Blue Star elaborated on the numbers and gave his outlook for the future.
- Aug 10, 2017 12:41 PM IST
On an operating level, the company could post a profit of Rs 92 crore, a rise of 21 percent from Rs 76 crore
- May 10, 2017 02:29 PM IST
In an interview to CNBC-TV18, Vir Advani, MD of Blue Star spoke about the results and his outlook for the company.
- Apr 20, 2017 05:32 PM IST
Net Sales are expected to increase by 41.2 percent Q-o-Q (up 12 percent Y-o-Y) to Rs 1295.9 crore, according to KR Choksey. Blue Star to report net profit at 44.3 crore up 205.2% quarter-on-quarter.
- Jan 24, 2017 05:22 PM IST
Air conditioning company Blue Star is expected to turn profitable with net at Rs 13 crore for December quarter against loss of Rs 5.8 crore in year-ago period.
- Nov 11, 2016 12:34 PM IST
"In tier I and tier II markets, about 30 percent of sales are done in cash. In tier III, tier IV and tier V markets, about 60 percent of business is done in cash. There is going to be a short-term that is Q3 impact on our sales of products on account of the demonetization", Vir Advani, MD of Blue Star told CNBC-TV18.
- Aug 19, 2016 02:20 PM IST
Blue Star has already increased market share in room air conditioner business and commercial refrigeration products like water coolers and deep freezers, says Joint MD B Thiagarajan.
- Aug 01, 2016 08:53 AM IST
Electromechanical projects (EMP) & packaged air conditioners (PAC) segments are likely to report muted growth of 5 percent YoY. Analysts expect robust growth of 25 percent YoY in the cooling products business.
- May 31, 2016 12:36 PM IST
Government expenditure as well as recovery in real estate over next 9-11 months will help growth, Vir Advani, Managing Director of Blue Star.
- Feb 16, 2016 10:50 AM IST
Blue Start had reported its quarterly earnings on January 29. Revenue grew 12.4 percent to Rs 686 crore year-on-year (YoY) and EBITDA margins rose 260 basis points to 4.1 percent (YoY).
- Jan 01, 2016 12:00 AM IST
"The company intends to continue its aggressive thrust in the room air conditioners market and aims to gain a market share of 12 per cent in financial year 2016-17 in terms of value," Blue Star Executive Director and President (AC&R Products Business), B Thiagarajan, told reporters here.
- Oct 27, 2015 12:39 PM IST
Satish Jamdar, MD of Blue Star told CNBC-TV18 that increased capex, revival of projects will push economic growth.