Blue Star Q2 & Half Year Results – Investors’ Presentation

Blue Star has released its investors’ presentation for the second quarter and half-year ended September 30, 2025. The presentation likely includes details on the company’s financial performance, segment-wise highlights, and future outlook. Q2 FY26 Revenue increased by 6% and EBITDA increased by 23%. Blue Star is focused on growth through innovation, sustainability, and robust governance.

Company Overview

Blue Star is a provider of air conditioning, refrigeration, and MEP (Mechanical, Electrical, and Plumbing) solutions, operating for over 80 years in India. With a presence in 18+ countries, the company maintains approximately 2 million tonnes of air conditioning and refrigeration equipment. It has 7 manufacturing facilities in India and a network of about 4000 channel partners.

Q2 FY26 Financial Highlights

The company’s financial performance for Q2 FY26 includes:

  • Revenue: ₹2422 cr (up by 6%)
  • EBITDA: ₹183 cr (up by 23%)
  • Profit before tax: ₹133 cr (up by 1%)
  • Earnings per share (EPS): ₹4.80

H1 FY26 Financial Highlights

The company’s financial performance for H1 FY26 includes:

  • Revenue: ₹5405 cr (up by 5%)
  • EBITDA: ₹383 cr (down by 1%)
  • Profit before tax: ₹298 cr (down by 17%)
  • Earnings per share (EPS): ₹10.68

Segment Performance

Electro-Mechanical Projects and Commercial Air

  • Revenue grew by 16.5% to ₹1,664 cr.
  • EBIT Margin improved to 8.8% from 8.3%.

Unitary Products

  • Revenue down by 9.5% to ₹694 cr.
  • EBIT Margin contracted to 6.2% from 7.0%.

Professional Electronics and Industrial Systems

  • Revenue down by 20.1% to ₹64 cr.
  • EBIT Margin improved to 9.6% from 6.4%.

ESG Practices

The company focuses on eco-conscious product innovation (energy-efficient designs, green refrigerants), green infrastructure (IGBC-certified facilities), sustainable manufacturing (~15% energy from solar, ZLD compliance), and circular economy practices (e-waste compliance, product refurbishment). The company also values social responsibility through diversity & inclusion, skill development, and women empowerment.

Source: BSE

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