Blue Star reports a 15% drop in net profit for the June quarter as higher expenses offset revenue gains, with weather disruptions and demand slowdown impacting performance.
Blue Star reported a weaker first quarter as higher costs outweighed revenue growth, with consolidated net profit falling to ₹102.51 crore for the three months ended June 30, 2026, from ₹120.82 crore a year earlier. Revenue from operations climbed to ₹3,377.92 crore from ₹2,982.25 crore, while total consolidated income rose to ₹3,398.68 crore. The company said total expenses increased to ₹3,273.06 crore from ₹2,833.68 crore, squeezing earnings despite the top-line improvement.
The Mumbai-based air-conditioning and engineering company also recorded ₹9.17 crore of exceptional income from the sale of property. Basic and diluted earnings per share declined to ₹4.99 from ₹5.88 in the same period last year. According to the financial results filed by the company, the quarter reflected stronger turnover but a sharper rise in expenditure.
The latest numbers mark a reversal from the previous quarter, when Blue Star posted a 17.25% rise in consolidated net profit to ₹227.05 crore for the three months ended March 2026, with sales of ₹4,072.06 crore. For the full year ended March 2026, however, net profit had already fallen 10.75% even as annual sales increased 3.63% to ₹12,401.99 crore, showing that profitability has been under pressure even before the June quarter.
Separate market reports said the latest quarter was affected by heavier rainfall and a weaker summer, which tempered demand for air-conditioners. NDTV Profit reported that the company’s business-to-business portfolio continued to perform well and that its order book rose to ₹6,843 crore by June 30. The board also approved the appointment of Nikhilesh Panchal as an additional director and independent director for a five-year term beginning August 14, 2026, subject to shareholder approval.
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