Financial Performance For The Quarter Ended December 31, 2009 (Q3FY10)

Blue Star Limited reported 5% growth of Total Income from operations to Rs 595.62 crore for the quarter ended December 31, 2009, as compared to Rs 566.71 crore in Q3FY09.

The Profit before Tax (PBT) excluding exceptional items grew 18% to Rs 47.03 crore for the quarter. PBT including exceptional items recorded an increase of 39% over Q3FY09.

Net Profit at Rs 42.33 crore registered growth of 32% compared to Rs 32.19 crore in Q3FY09.

Operating Margin was maintained at 9.1% compared to Q3FY09 owing to tight control on operating costs.

Earnings per share for the quarter (Face value of Rs 2.00) stood at Rs 4.71 vis-à-vis Rs 3.58 in the corresponding quarter of the previous year.

Carry Forward Order Book as on December 31, 2009 increased to Rs 1890 crore compared to Rs 1626 crore as at December 31, 2008, representing a growth of 16%.

Financial Performance For The 9-Month Period Ended December 31, 2009

For the 9-month period ended December 31, 2009, the Company reported Total Income from operations of Rs 1698.95 crore, as compared to Rs 1844.33 crore over the same period in the previous year.

Net Profit at Rs 132.94 crore increased by 17% compared to Rs 113.55 crore in the first nine months of the previous year.

Outlook

Ashok M. Advani, Executive Chairman, says, “Blue Star has shown positive top line growth in Q3 after 2 quarters of decline. Profit maintains its upward trend due to tight control of costs and lower interest charges. Our future growth is largely dependent on general economic revival, but uncertainties remain about how quickly this will happen.”

For additional information, please contact: B Thiagarajan, President, Airconditioning & Refrigeration Products Group, Blue Star Limited, Bandbox House, 254D, Dr Annie Besant Road, Worli, Mumbai – 400 030 email: btn@bluestarindia.com Telephone: 66544000.