Blue Star has reported a total income of Rs. 840.22 crore for the quarter ended September 30, 2017 on a consolidated basis as compared to  Rs. 858.01 crore during the same period in the previous year, representing a decline of 2 percent. The operating profit (PBIDTA excluding other income and finance income) for the quarter was  Rs. 45.91 crore as compared to  Rs. 40.19 crore in Q2FY17, a growth of 14 percent.

Financial expenses for the quarter declined by 33 percent to  Rs. 5.87 crore from  Rs. 8.75 crore in Q2FY17 due to reduced cost of borrowings and reduction in the level of borrowed funds. Tax expense for the quarter was  Rs. 8.42 crore as compared to  Rs. 7.34 crore during the same period last year. Net profit for the quarter was about the same at `20.78 crore as compared to  Rs. 19.99 crore in Q2FY17.

Comparable consolidated segment performance for the quarter ended September 30, 2017 (Q2FY18). The unitary products revenues during the quarter increased marginally to  Rs. 294.38 crore from  Rs. 262.83 crore in Q2FY17, a growth of 12 percent. Market growth rate of the room air conditioners industry remained stagnant over last year since sales began slowing down from Q1FY18 itself as distributors stocked less owing to GST migration. The revival and pick up of sales momentum did not happen in Q2FY18, and sales growth remained relatively sluggish. Segment results at  Rs. 15.66 crore declined by 21 percent as compared to  Rs. 19.79 crore in Q2FY17, mainly owing to marketing investments made in the newly-launched water purifier business.

Comparable consolidated financial performance for the half-year ended September 30, 2017 (H1FY18). For the half-year ended September 30, 2017, the company reported total income of  Rs. 2207.41 crore as compared to  Rs. 1993.31 crore over the same period in the previous year, representing a growth of 11 percent. Operating profit (PBIDTA excluding other income and finance income) increased by 12 percent to  Rs. 131.23 crore from  Rs. 116.67 crore during the same period last year. Net profit for the half-year increased by 11 percent to  Rs. 79.24 crore as compared to  Rs. 71.38 crore in H1FY17.


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