Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 284.72 crores for the quarter ended Sep 30, 2005 representing a growth of 36% over the corresponding period last year. Net Profit for the quarter grew 32% to Rs 11.59 crores, while Earnings Per Share increased to Rs 6.44 from Rs 4.86.
For the half year ending Sep 30, 2005, the Total Income stood at Rs 514.84 crores registering a growth of 33% over the corresponding period last year. Net Profit grew 35% to Rs 16.63 crores.
The order inflow of the Company continues to be healthy. The Company bagged several prestigious central airconditioning orders during the quarter including orders from Shopin Park, Delhi; BHEL at HPCL, Vizag; DGNP, Secunderabad; National Sports Club of India (NSCI), Mumbai; Sigma Aldrich, Bangalore; MSEB, Paras & Parli; Bombay Dyeing, Mumbai ; Cognizant Technology Solutions, Chennai and HSBC, Pune.
Ashok M Advani, Chairman & Managing Director adds "Blue Star has performed exceptionally well on all fronts. Apart from the central airconditioning business, the cooling products business and the professional electronics segment have also registered impressive growth. We have capitalized on the opportunities available and have been able to leverage our leadership position, reputation and brand equity to further improve our market share, revenues and profits. The Company continues to sustain its momentum of high growth levels and I am optimistic about the business outlook."
It may be recalled that Blue Star had reported a Net Profit of Rs 39.16 crores on a Total Income of Rs 930.92 crores for the year ended March 31, 2005. The Company continued its trend of attractive dividends by declaring a dividend of 100%.