Blue Star Reports Strong Quarterly Profit Growth on Robust Air Conditioner Demand

Blue Star Reports Strong Quarterly Profit Growth on Robust Air Conditioner Demand

INDIA: Indian air conditioning manufacturer Blue Star reported a 25% year-on-year increase in consolidated net profit to ₹1.24 billion (~US$13 million) in Q2 FY2027, supported by extended summer conditions and stronger room AC demand. Revenue from operations rose 21% to ₹29.31 billion (~US$308 million). The unitary products business recorded 29.4% growth, while the electro-mechanical projects and commercial air conditioning segment increased sales by 16.3%. However, rising material costs and higher expenses continued to pressure margins. The company expects growth momentum to continue in the second half, supported by data centre projects and calibrated price increases.

Source: Reuters