Blue Star Limited has reported its financial results for the fourth quarter and the full year ended March 31, 2026. The company achieved steady revenue growth, reaching ₹4,072 crore in Q4 and ₹12,402 crore for the full fiscal year. Despite market fluctuations, Blue Star maintained operational resilience, supported by strong order book growth in its electro-mechanical projects segment and strategic international expansion into US and European markets.
Quarterly Financial Highlights
During the fourth quarter of FY26, Blue Star reported a 1% increase in revenue, totaling ₹4,072 crore compared to ₹4,019 crore in the same period last year. The company’s EBITDA showed significant improvement, rising by 17% to ₹326 crore, with margins expanding to 8.0%. Profit before tax grew by 12% to ₹279 crore, resulting in an Earnings Per Share (EPS) of ₹11.05.
Full Year Performance Summary
For the full financial year 2026, Blue Star achieved a total revenue of ₹12,402 crore, representing a 4% growth over FY25. EBITDA increased by 6% to ₹930 crore. The company noted a profit before tax of ₹741 crore. These figures were impacted by a one-time charge of ₹38 crore related to gratuity and leave encashment, in line with updated accounting guidance.
Segment-Wise Analysis
The Electro-Mechanical Projects and Commercial Air Conditioning segment saw strong momentum, with a 35% growth in order bookings and full-year revenue growth of 12.8%. Meanwhile, the Unitary Products segment, encompassing room air conditioners, maintained steady demand with specific growth in storage water coolers. The Professional Electronics and Industrial Systems segment reported a revenue of ₹307 crore, showing an improvement in EBIT margin to 11.4%.
Strategic Outlook and ESG Commitment
Blue Star continues to prioritize long-term growth through manufacturing excellence, with seven operational facilities across India. The company is actively expanding its international footprint, with supplies to Europe now underway and US expansion progressing as planned. Commitment to sustainability remains a core pillar, evidenced by IGBC-certified facilities, significant solar energy adoption, and robust corporate governance practices, including the adoption of the COSO 2017 framework for risk and compliance.
Source: BSE
