Q1 2025 Blue Star Ltd Earnings Call Transcript
Key Points
- Revenue from operations for Q1 FY25 grew by 28.7% to INR2,865.37 crores compared to INR2,226 crores in Q1 FY24.
- EBITDA margin improved to 8.3% from 6.5% in the previous year.
- Net profit for Q1 FY25 grew to INR168.76 crores compared to INR83.37 crores in Q1 FY24.
- Carried forward order book as of June 30, 2024, grew by 13.5% to INR6,084.69 crores.
- Strong operating performance added a net cash position of INR1,042.87 crores as of June 30, 2024.
- Supply chain constraints continue, particularly with copper and compressors, which are expected to be resolved only after 18 months.
- Demand in the Middle East and Africa remained subdued during the quarter.
- Commercial Refrigeration business faced lower-than-expected revenue growth due to BIS-related regulatory changes impacting water cooler sales.
- Professional Electronics and Industrial Systems segment saw a decline in margins due to supply chain disruptions and cost overruns in the MedTech business.
- Concerns about geopolitical situations, particularly in the Middle East, which could impact future performance.
Ladies and gentlemen, good afternoon, and welcome to Blue Star Limited Q1 FY25 earnings conference call. We have with us today from the management, Mr. B. Thiagarajan, Managing Director, Blue Star Limited; and Mr. Nikhil Sohoni, Group Chief Financial Officer, Blue Star Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. B. Thiagarajan. Thank you, and over to you, sir.
Thank you. Good afternoon, ladies and gentlemen. It's a pleasure to address you today as a part of the earnings call. I have with me, Mr. Nikhil Sohoni. Of course, he's joining from Singapore today. You might have seen the press release as well as other announcements shared with the stock exchanges, including the AGM speech of my colleague, Mr. Vir Advani.
So you might have seen that the results are once again an excellent one this time, supported by a very hot summer season. B2B as well as B2C businesses have done well. We have done well
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