Q4 2019 Blue Star Ltd Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to the Blue Star Limited Q4 and FY '19 Earnings Conference Call. We have with us today from the management Mr. Neeraj Basur, Group CFO. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Neeraj Basur. Thank you. And over to you, sir.
Thank you. Good morning, ladies and gentlemen. This is Neeraj Basur. I will be providing you an overview of the results of Blue Star Limited for the quarter and the year ended March 2019.
Financial highlights for FY '19. Effective April 1, 2018, the company has adopted Ind AS 115 and accordingly, has realigned its revenue recognition policies appropriately. The accounting changes have been applied with retrospective effect to each of the prior reporting periods presented. The company has opted for a full retrospective approach in view of the seasonal nature of its business. The impact on revenue and profit was not material for the full year FY '18.
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