Blue Star posts 3-fold jump in Q4 profit to Rs 225 cr, revenue from ops up
Air conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported nearly three-fold rise in consolidated net profit at Rs 225.29 crore in the fourth quarter ended March 31, 2023, aided by profit on sale of freehold land.
The company had posted a consolidated net profit of Rs 76.27 crore in the same quarter previous fiscal, Blue Star Ltd said in a regulatory filing.
Consolidated revenue from operations during the quarter under review stood at Rs 2,623.83 crore as compared to Rs 2,254.21 crore in the year-ago period, it added.
During the quarter, the company said it had registered Rs 170.81 crore profit on sale of freehold land, which was classified as asset held for sale in the previous year, and the same has been reported as an exceptional item.
Total expenses in the fourth quarter were higher at Rs 2,485.45 crore as compared to Rs 2,147.24 crore in the same period a year ago.
For the fiscal ended March 31, 2023, consolidated net profit was at Rs 400.69 crore a