BLUESTARCO · Consumer Durables
Blue Star Ltd. reported revenue of ₹1,890 cr for July to September 2023, — on the year and −15.1% on the quarter.
Operating profit (EBITDA) was ₹123 cr, a margin of 6.5%, — on the year and −1 bps on the quarter.
Net profit was ₹71.0 cr, — on the year and −14.5% on the quarter, with earnings per share of ₹3.44.
Retail growth comes from new stores and from sales at existing stores; the statements show the total, the filing shows how much each contributed. The quarterly statements do not carry same-store sales, stores added and revenue per square foot; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,890 cr | ₹2,241 cr | ₹3,328 cr | ₹2,865 cr | ₹2,276 cr | ₹2,807 cr | ₹4,019 cr | ₹2,982 cr | ₹2,422 cr | ₹2,925 cr | ₹4,072 cr | ₹3,378 cr |
| YoY | — | — | — | +29% | +20% | +25% | +21% | +4% | +6% | +4% | +1% | +13% |
| EBITDA margin | 6.5% | 6.9% | 7.3% | 8.3% | 6.5% | 7.4% | 6.9% | 6.7% | 7.5% | 7.5% | 8.0% | 5.2% |
| Other income, % of PBT | 14% | 10% | 6% | 11% | 15% | 12% | 10% | 10% | 8% | −41% | 15% | 22% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 25% | 25% | 25% | 27% | 26% | 22% | 26% | 25% | 25% | 24% | 24% |
| Net profit | ₹71.0 cr | ₹100 cr | ₹160 cr | ₹169 cr | ₹96.0 cr | ₹132 cr | ₹194 cr | ₹121 cr | ₹99.0 cr | ₹81.0 cr | ₹227 cr | ₹103 cr |
| YoY | — | — | — | +104% | +35% | +32% | +21% | −28% | +3% | −39% | +17% | −15% |
| Core profit YoY | — | — | — | +92% | +37% | +31% | +12% | −27% | +9% | −4% | +13% | −29% |
| EPS | ₹3.44 | ₹4.88 | ₹7.81 | ₹8.21 | ₹4.68 | ₹6.45 | ₹9.42 | ₹5.88 | ₹4.82 | ₹3.92 | ₹11.04 | ₹4.99 |
| Flags | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Blue Star Ltd. reported revenue of ₹1,890 cr (— on the year) and net profit of ₹71.0 cr (— on the year) for July to September 2023.
None of the 2 checks that could run raised a question.
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