Blue Star Limited has announced its financial results for the fourth quarter and the financial year ending March 31, 2026. The company reported a net profit of ₹227.18 crore in Q4FY26, marking an increase from ₹194.00 crore in the same quarter of the previous year.
Revenue from operations for the quarter grew by 1.3% to ₹4072.06 crore compared to ₹4018.96 crore in Q4FY25. The EBITDA, excluding other income, improved to ₹326.25 crore with an EBITDA margin of 8.0% of revenue, up from ₹279.40 crore and a 7.0% margin in Q4FY25. The profit before tax (PBT) before exceptional items was higher at ₹282.57 crore compared to ₹248.82 crore in the corresponding quarter of the previous year.
The company reversed a provision of ₹17.52 crore in Q4FY26, initially recognised for Gratuity and Leave Encashment, after reassessing the liability at ₹38.83 crore. The tax expense for the quarter was ₹72.91 crore, up from ₹54.82 crore in Q4FY25.
For the full financial year FY26, Blue Star‘s revenue from operations grew 3.6% to ₹12401.99 crore, compared to ₹11967.65 crore in FY25. However, the net profit for the year decreased to ₹527.33 crore from ₹591.28 crore in FY25, with the effective tax rate slightly increasing to 25.0% from 24.7%.
The company’s Board of Directors has recommended a dividend of ₹8.5 per share for FY26, compared to ₹9 per share in the previous year. Blue Star’s order book as of March 31, 2026, increased by 10.5% to ₹6923.00 crore.
Segment-wise, the Electro-Mechanical Projects & Commercial Air Conditioning Systems segment saw a revenue growth of 1.1% to ₹1989.92 crore in Q4FY26. The Unitary Products segment revenue grew by 1.3% to ₹1984.96 crore, while the Professional Electronics and Industrial Systems segment revenue increased by 7.3% to ₹97.18 crore.
Despite challenges such as geopolitical uncertainties and rising input costs, Blue Star remains optimistic about the medium-term prospects, particularly in the Electro-Mechanical Projects and Commercial Air Conditioning business segments.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).