Blue Star Ltd — earnings calls
1 quarter summarised from transcripts filed with the exchange, every statement cited. Newest first.
Blue Star reported consolidated Q4 FY26 revenue of Rs.4,072 crore, up 1.3%, with EBITDA margin improving to 8% from 7% a year earlier, while full-year FY26 revenue grew 3.6% to Rs.12,402 crore as net profit declined to Rs.527.3 crore from Rs.591.3 crore in FY25. Management described FY26 as a year with multiple headwinds including a weak summer, GST-related disruption, an energy label change, and trade-war related supply chain effects, before demand picked up from mid-April 2026. Segment-wise, Electromechanical Projects and Commercial AC revenue grew 12.8% for the year while Unitary Products revenue declined 5.1%, and management discussed price increases, capacity utilisation, and margin outlook for FY27 during the Q&A.