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This Article is From Aug 01, 2016

Blue Star Logs Rs 51.4 Crore In Q1 Net Profit

Air-conditioner maker Blue Star has reported a net profit of Rs 51.4 crore for the first quarter ended June 2016.

Blue Star Logs Rs 51.4 Crore In Q1 Net Profit
Consolidated net sales stood at Rs 1,212.8 crore during the June quarter.
New Delhi: Air-conditioner maker Blue Star has reported a net profit of Rs 51.4 crore for the first quarter ended June 2016.

The figure was Rs 72.43 crore in April-June a year ago, Blue Star said in a BSE filing.

Consolidated net sales stood at Rs 1,212.8 crore during the quarter under review, up from Rs 1,014 crore in the same period a year before.

The company said: "Due to the merger of Blue Star Infotech and its subsidiary, Blue Star Infotech Business Intelligence & Analytics Private with Blue Star as well as re-organisation of Blue Star and its wholly-owned subsidiaries in FY16... Q1 FY17 performance is not directly comparable with the previous year's numbers."

The stock on Monday settled at Rs 485.70 on BSE, down 0.22 per cent.

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