Airconditioning and commercial refrigeration company Blue Star will announce its quarterly earnings today. According to a CNBC-TV18 poll, profit is expected to increase a whopping 60 percent year-on-year to Rs 14 crore during July-September quarter.
Revenue may rise 6.7 percent to Rs 680 crore with operating profit (earnings before interest, tax, depreciation and amortisation) surging 57.16 percent to Rs 32 crore and margin expansion of 153 basis points at 4.8 percent year-on-year.
The company shut its Thane plant on August 10, which helped it reducing fixed cost but it can get a one time hit in employee cost due to VRS. Blue Star Infotech got merged with Blue Star on September 30.
Factors to watch out for would be execution of EMP orders; ability to sustain EBITDA margin, and closure of low margin legacy orders.
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