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Dolat Capital Report
Blue Star Ltd.'s sales came in-line at Rs 16 billion, up 24% YoY; led by unitary cooling revenues growing by 31% YoY in Q4.
While revenues and Ebitda came in line, profit after tax was better aided by lower operating costs.
Balance sheet was well managed with strong cash flows which has helped reduce debt.
While first half of April was good for room air conditioners, the rest of Q1 is still wait and watch-depending on the ebb of the second wave, though inventory levels are normal.
Projects business grew on account of demand rise from pharma, healthcare and major supermarket chain clients.
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