| Revenue growth | Q2 +21.0% YoY; H1 +16.7% YoY |
|---|---|
| Margins | Q2 EBITDA margin ~6.9%; Unitary EBIT margin down 390bps |
| Order book | ₹7,229.22 cr header; ₹7,120.44 cr comparison (conflict) |
| Demand visibility | Order enquiries strong; order book ₹7,229 cr |
| Management confidence | Expects significant order inflow growth |
Growth
Q2 revenue +21.0%, EBITDA +10.5%, PAT +25.4% (exceptional-aided). H1 revenue +16.7%, EBITDA -1.5%, PBT -12.1%.
Outlook
No numeric guidance given. Order enquiries strong; expects significant order inflow growth. MedTech sale completed 31 Aug 2026.
Risks
Project execution delays, partial pass-through of material cost inflation, US supply-chain and logistics challenges. Unitary EBIT margin down 390 bps to 2.3%.
Last quarter's promises, checked
Partly delivered
- Guided FY27 data-centre MEP orders ~₹3,000 cr, revenue ~₹1,350 cr → E-M Projects revenue +16.3%, MEP split not disclosed (= PARTIAL)
- Guided Segment I margin 6.5–7% → Q1 6.8%; Q2 segment margin not disclosed (= PARTIAL)
Missed
- Guided Q2 Unitary EBIT improvement on Q1's 2.9% → 2.3% (= MISS)
- Guided FY27 Unitary EBIT >6.5% → Q1 2.9%, Q2 2.3%; FY not closed (= MISS)
- Guided full ~13% cost pass-through → ~5% in Q1, still partial in Q2 (= MISS)
Investor Presentation filed with BSE, NSE: BLUESTARCO. Summary written with AI assistance from the document.
Blue Star Ltd: key numbers
- Share price
- ₹1,627.90
- Market cap
- ₹33,472 Cr
- Revenue (annual)
- ₹12,402 Cr
- Net profit (annual)
- ₹527.7 Cr
- P/E (TTM)
- 62.7×Sector 40.5×
- Promoter holding
- 36.50%+0.00% QoQ
- FII holding
- 12.29%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Blue Star Ltd
All →Blue Star Earnings Call Transcript: Key Takeaways
Management is prioritizing margin recovery over market share following a disappointing Q1. While RAC volumes surged, inability to fully pass on 18% raw material inflation continues to depress segment margins.
- Call
- Guides 25% growth
Blue Star Management Change
Blue Star Ltd appointed Mr Nithianand S and Mr Senthil Thangam as Senior Management Personnel effective November 1, 2026. This is a leadership change disclosed under Regulation 30.
Blue Star Results Update
Blue Star's Q2FY27 consolidated revenue rose 21% to Rs 2,930.95 crore, with operating profit up 10.5%. The press release highlights margin pressure from material cost increases.
Blue Star Q2 FY27 Results: Net Profit ₹123.9 Cr, Up 25.4% YoY
Blue Star Ltd reported revenue from operations of ₹2,931 Cr (+21.0% YoY) and net profit of ₹123.9 Cr (+25.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹123.9 Cr · +25.4% YoY
Blue Star Annual General Meeting
Blue Star Ltd declared the voting results of its postal ballot, announcing the appointment of Mr. Nikhilesh Panchal as an Independent Director of the company.
Blue Star Merger & Restructuring
Blue Star Ltd has initiated the voluntary strike-off of its step-down subsidiary, Blue Star Air Conditioning & Refrigeration (U) Limited, which has not commenced business operations.