Blue Star reported a steady rise in consolidated earnings for the quarter ended March 31, 2026, supported by improved operating performance and stable revenue growth. Revenue from operations rose 1.32% year-on-year (YoY) to ₹4,072.06 crore from ₹4,018.96 crore, while profit attributable to owners of the company increased 17.25% YoY to ₹227.05 crore from ₹193.64 crore.
Total income for the quarter stood at ₹4,096.01 crore compared to ₹4,042.95 crore in the corresponding quarter last year. Total expenses increased marginally to ₹3,817.09 crore from ₹3,793.73 crore, reflecting controlled cost growth despite higher employee and other operating expenses.
At the operating level, EBITDA stood at ₹326.26 crore for the quarter, compared to ₹279.40 crore in the year-ago period, registering a growth of 16.78%. EBITDA margin improved to 8.01% from 6.95%, indicating better operational efficiency and improved profitability.
Finance costs increased to ₹23.06 crore from ₹18.75 crore, while depreciation and amortisation expense rose to ₹48.23 crore from ₹35.42 crore.
Profit after tax stood at ₹227.18 crore compared to ₹194 crore a year ago. Earnings per share (EPS) came in at ₹11.05 versus ₹9.44 in the corresponding quarter last year.
The Board has recommended a final dividend of ₹8.50 per equity share of face value ₹2 each for the financial year ended March 31, 2026. The dividend, if approved by shareholders at the upcoming Annual General Meeting, will be paid or dispatched after August 6, 2026, to eligible shareholders whose names appear in the records of the company as members or beneficial owners.
Blue Star is one of India’s leading air conditioning and commercial refrigeration companies, with operations spanning cooling products, engineering solutions and electro-mechanical projects.
Overall, the company delivered stable revenue growth in the March quarter, while improved margins and controlled expenses supported stronger profitability.