Moneycontrol PRO

Blue Star Q2 leaves its peers behind

Several optimisation measures should drive recovery in second half

November 09, 2022 / 09:47 AM IST
Blue Star Q2 leaves its peers behind

Blue Star: SBI Funds Management picks additional 0.28% stake in Blue Star. SBI Funds Management bought 2.67 lakh equity shares or 0.28% stake in the company via open market transactions on September 2. With this, its shareholding in the company rose to 7.51%, up from 7.24% earlier.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Broad-based revenue growth across segments in Q2 EBITDA margins were down 30bps YoY Order inflows gathered pace in Q2 Sustained traction in EMP business Trades 39 times FY24 earnings Blue Star’s Q2 FY23 performance was relatively stronger than its peers. While  margins were moderately impacted in the quarter gone by, several optimisation measures should drive recovery in H2. Quarterly results snapshot   (image) Revenue for the quarter stood at Rs 1,576 crore, an increase of 27 percent year on year (YoY), driven by broad-based growth across segments....

  • PRO Panorama

    Moneycontrol Pro Panorama | Is a geopolitical thaw in the making? Markets are not holding their breath

    Dec 2, 2022 / 03:24 PM IST

    In today’s edition of Moneycontrol Pro Panorama: China unrest is bad news for Xi Jinping, Jet Airways' future looks cloudy, fuel prices and politics do not mix, all that glitters is gold, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | When central bankers laugh

    Dec 3, 2022 / 12:13 PM IST

    Cracking jokes during a monetary policy review meeting? Don’t laugh it off. Central bankers in advanced economies are actually walking the laugh

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers