Dolat Capital: Blue Star Logs Improved Quarter; Q4 Is Vital For FY21
Air conditioners are displayed in a showroom. (Photographer: Qilai Shen/Bloomberg)

Dolat Capital: Blue Star Logs Improved Quarter; Q4 Is Vital For FY21

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Blue Star Ltd.’s Q2 was a gradual improvement over Q1 with revenues down 28% YoY, driven by a dip of 16% in the unitary cooling business at Rs 3 billion.

The project business was down 31%, impacted due to sites with sites operating at 65-70% levels in Q2 as they open up.

While revenues came in line, Ebitda and profit after tax were better than estimates.

Both the businesses are expected to show improvement as the economy opens up, with company expecting better H2 margins.

Click on the attachment to read the full report:

Dolat Capital Blue Star Q2FY21 Result Update.pdf

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