The Board of Directors has recommended a dividend of Rs 9 per equity share of face value Rs 2 each for FY25
Blue Star, an air conditioning and commercial refrigeration system maker, has marked a 21.47 per cent increase in its consolidated net profit in the fourth quarter of the fiscal year 2025 (Q4FY25). The net profit rose to Rs 194 crore in Q4FY25 from Rs 159.71 crore in Q4FY24, as its room air-conditioner (AC) business recorded a healthy performance.
The financial results of the company revealed that the consolidated revenue from operations surged to Rs 4,018.96 crore in the recently concluded quarter from Rs 3,327.77 crore in Q4FY24. The total expenses of the company also rose to Rs 3,793.73 crore in Q4FY25 from Rs 3,126.38 crore in the corresponding period of the previous fiscal (Q4FY24).
The Board of Directors has recommended a dividend of Rs 9 per equity share of face value Rs 2 each for FY25. In FY24, it was Rs 7 per equity share of face value Rs 2 each.
The company noted that the room AC business achieved strong growth during the year due to demand fuelled by an intense summer and stocking by channel partners to tackle potential supply chain uncertainties.
On a full-year basis, the company’s net profit rose to Rs 591.28 crore in FY25 from Rs 414.31 crore in FY24. The revenue from operations surged to Rs 11,967.65 crore in FY25 as compared to Rs 9,685.36 crore in FY24.
“Although April saw milder weather and softer growth, going by the weather forecasts, we expect the demand to pick up in May and June 2025. The hurdles faced by the commercial refrigeration business are behind us. The strong order book for electro-mechanical projects and commercial air conditioning products and the growing demand from manufacturing and data centre market segments will contribute to growth,” highlighted Vir S. Advani, Chairman and Managing Director, Blue Star
Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew by 27.2 per cent to Rs 5997.99 crore in FY25 compared to Rs 4715.46 crore in FY24, the company stated in an exchange filing. Unitary products revenue grew by 22.4 per cent to Rs 5621.11 crore in FY25 compared to Rs 4592.20 crore in FY24.
The revenue of the professional electronics and industrial systems business declined by 7.7 per cent to Rs 348.55 crore in FY25 compared to Rs 377.70 crore in FY24. The company stated that the commercial refrigeration business rebounded from early regulatory challenges to deliver good growth, fuelled by enhanced demand from high-growth sectors like ice cream, quick commerce, food retail and quick service restaurants (QSRs).
Advani added that while the company remains optimistic about the growth prospects, it is keeping a close watch on the geo-political developments, potential supply chain disruptions and volatility in commodity prices.
