• Blue Star Total Income grows 36% to Rs 1607 crores. Net Profit up 46%.
• Blue Star declares interim dividend of 120%
• Blue Star Q3 Total Income up 40% Net Profit up 66%
• Blue Star Q2 Net Profit up 59%. Total Income up 32%.
• Blue Star Q1 Total Income up 36%. Net Profit up 45%.
• Blue Star continues to grow
• Blue Star FY06 Net Sales grows 28% to Rs 1175 crores. Declares 120% Dividend and 5 for 1 stock split.
• Blue Star Q2 Total Income up 36%. Net Profit up 32%.
• Blue Star FY05 Net Sales grows 32% to Rs 921 crores declares 100% Dividend
• Blue Star Q3 Net Profit up 55% total Income up 52%
• Blue Star Q2 Net Profit up 57% total Income up 27%
• Blue Star grows 19% to reach Rs 716 crores declares 90% dividend
• Blue Star Q1 Total Income up XX% Net Profit up YY%

Place: Mumbai
Date: May 9, 2007.

Financial Performance

Central airconditioning and commercial refrigeration major Blue Star has reported Total Income of Rs 1607 crores for the year ended March 31, 2007, representing 36% growth over last year.

Net Profit grew 46% to Rs 71.18 crores, while Earnings Per Share (Face value of Rs 2.00) increased to Rs 7.91 from Rs 5.44.

Dividend

The Directors have recommended a final dividend of Rs. 0.60 per share, over and above the interim dividend of Rs 2.40 paid in March 2007. Thus the total dividend recommended for the financial year equals Rs 3.00 per share (Face value of Rs 2.00) representing 150% compared to 120% declared last year. The Company has paid attractive dividends consistently for the past 38 years, since its listing on the Bombay Stock Exchange in 1969.

Segment-wise performance

Blue Star performed impressively in all 3 lines of business.

The large central airconditioning business accounting for 70% of total revenues continued to show healthy growth of 37% during FY07. The IT/ITES and Retail segments were big growth drivers helping the Company to maintain market leadership in the Indian market.

The cooling products business also registered impressive growth, increasing 37% in the year. The growth was driven by increased sales of split airconditioners as well as refrigeration products and cold chain equipment. Segment profit was up by 78% in the year.

The professional electronics and industrial systems business continued to contribute significantly to the profitability of the Company. The business grew by a solid 30% during FY07.

Orders booked during Q4FY07

The Company bagged several prestigious orders during the quarter ended March 31, 2007 including orders from Hexaware, Chennai; Infosys, Pune; Reliance Retail; Jaipur Airport; Great Eastern Hotel, Kolkata; Moser Baer, Noida; Amritsar Airport; Galaxy Mercantiles, New Delhi; KG Information Systems, Coimbatore and RMZ Infinity Tower, Bangalore.

Outlook

Ashok M Advani, Chairman and Managing Director says "The Company continues to sustain its momentum of high growth in all business segments. Although central airconditioning remains our biggest business, cooling products and the professional electronics business have also grown impressively. Blue Star's leadership position, reputation and brand equity, have helped us to continue to be the preferred choice for customers seeking expert solutions. While lack of skilled technical manpower is a concern area for industry, our Corporate values and beliefs and our work culture has helped us immensely to attract and retain talent. With a promising outlook for all three lines of business and a healthy order backlog, I remain confident about the overall prospects of Blue Star."

For additional information, please contact: B Thiagarajan, Executive Vice President, Blue Star Limited, Bandbox House, 254D, Dr Annie Besant Road, Worli, Mumbai – 400 030 email: bthiagarajan@bluestarindia.com, Telephone: 66544000.

Place: Mumbai
Date: March 16, 2007.

Central airconditioning and commercial refrigeration major Blue Star has declared an interim dividend of Rs 2.40 on each equity share of face value Rs 2.00 (120%) for the financial year ending March 31, 2007.

For additional information, please contact: B Thiagarajan, Executive Vice President, Blue Star Limited, Band Box House, 254D, Dr Annie Besant Road, Worli, Mumbai – 400 030 email: bthiagarajan@bluestarindia.com, Telephone: 66544000.

Place: Mumbai
Date: January 29, 2007.

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 370.55 crores for the quarter ended December 31, 2006 representing a growth of 40% over the corresponding period last year. Net Profit for the quarter grew 66% to Rs 11.50 crores, while Earnings Per Share (EPS) increased to Rs 1.28 from Rs 0.77. (Face Value per share is Rs 2.00 each)

The Total Income for the nine months ended December 31, 2006 grew 36% to Rs 1060.08 crores. Net Profit for the same period increased from Rs 23.54 crores to Rs 37.19 crores representing an increase of 58% over the same period last year. The cumulative EPS for nine months stood at Rs 4.13 as against Rs 2.62 last year.

The Company booked several prestigious orders during the quarter including orders from Kokilaben Dhirubhai Ambani Hospital, Mumbai; Accenture, Mumbai; Reliance Retail; Acropollis Mall, Ahmedabad; BHEL, Amarkantak; DLF IT Park, Secunderabad; NTPC, Barh; Lifestyle Mall, New Delhi; CISCO, Bangalore; Infosys, Mysore; and Microsoft Ph III, Secunderabad.

Ashok M Advani, Chairman & Managing Director adds "Blue Star's leadership position, and the capability to offer expert solutions coupled with differentiated products, have enabled us to remain the preferred choice for customers. While the central airconditioning segment continues to be the largest growth driver, the fast growing cooling products business led by split airconditioners and commercial refrigeration products has performed very well. In addition, the professional electronics business continues to contribute significantly to the bottom line of the Company. With a promising outlook for sustained growth in all three lines of business, I remain confident about the overall prospects of Blue Star."

For additional information, please contact: B Thiagarajan, Executive Vice President, Blue Star Limited, Band Box House, 254D, Dr Annie Besant Road, Worli, Mumbai - 400 030 email: bthiagarajan@bluestarindia.com, Telephone: 66544000.

Place: Mumbai
Date: October 30, 2006.

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 376.72 crores for the quarter ended Sep 30, 2006 representing a growth of 32% over the corresponding period last year. Net Profit for the quarter grew 59% to Rs 18.40 crores, while Earnings Per Share for the quarter increased to Rs 2.05 from Rs 1.29.

For the half year ending Sep 30, 2006, Total Income stood at Rs 689.53 crores registering a growth of 34% over the corresponding period last year. Net Profit grew 54% to Rs 25.69 crores.

The central airconditioning business continued to contribute significantly to the overall growth of the Company. During the quarter, this business grew 32% over the same period last year and contributed to 73% of the Company’s Net Sales. While the cooling products business performed well growing 20% during the quarter, the Professional Electronics and Industrial Equipment business grew significantly by 98%.

The Company bagged several prestigious orders during the quarter including orders from Nagpur International Airport; Loreal, Pune; Delhi Institute of Liver & Billary Sciences, New Delhi; Glaxo Smithkline Beecham, Nasik; City Mall, Raipur; Alps Hospital, Gurgaon and Zydus Cadila, Sikkim. The carry-forward order book as of Sep 30, 2006 at Rs 788 crores represents a 45% improvement over the previous year.

Ashok M Advani, Chairman & Managing Director adds "The Company continues to sustain its momentum of high growth in all business segments. We have also been able to significantly enhance our profitability by focusing on prudent value engineering and cost control measures. While availability of skilled technical manpower is a concern area for the industry, our values and beliefs and our work culture has helped us immensely to attract and retain talent. I remain optimistic about the business outlook."

It may be recalled that the Company had reported a Net Profit of Rs 48.90 crores on a Total Income of Rs 1178.62 crores for the year ended March 31, 2006.

For additional information, please contact: B Thiagarajan, Executive Vice President, Blue Star Limited, Band Box House, 254D, Dr Annie Besant Road, Worli, Mumbai - 400 030
email: bthiagarajan@bluestarindia.com, Telephone: 66544000

Place: Mumbai
Date: July 25, 2006.

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 312.81 crores for the quarter ended June 30, 2006 representing a growth of 36% over the corresponding period last year. Net Profit for the quarter grew 45% to Rs 7.30 crores, while Earnings Per Share increased to Rs 4.06 from Rs 2.80.

The central airconditioning business continued to contribute significantly to the overall growth of the Company. This business grew 36% during the quarter over the same period last year. The cooling products business also performed exceptionally well growing 45% during the quarter, and contributing to 36% of the Company's Net Sales.

The Company bagged several prestigious orders during the quarter including orders from Megapolis Mall, Thane; Hester Pharmaceuticals, Mehsana; Satyam Phase V, Bangalore; Franklin Templeton, Secunderabad; Ascendas Intl Tech Park, Chennai; AB Motions, Ludhiana; DLF Cyber, Gurgaon and Infinity Benchmark, Kolkata. The carry-forward order book as of June 30, 2006 at Rs 688 crores represents a 72% improvement over the previous year.

Ashok M Advani, Chairman & Managing Director adds "Blue Star has performed exceptionally well on all fronts. Although central airconditioning remains our biggest business, cooling products have also grown impressively. Blue Star's leadership position, reputation and brand equity, have helped us continue to be the preferred choice for customers seeking expert solutions. While the rise in input costs of steel, copper and other metals remains a challenge, we have largely offset these with a focus on value engineering and a marginal increase in selling prices. I am confident that the Company will continue its momentum of profitable growth."

It may be recalled that the Company had reported a Net Profit of Rs 48.90 crores on a Total Income of Rs 1178.62 crores for the year ended March 31, 2006. The Company continued its trend of attractive dividends by declaring a dividend of 120%.

For additional information, please contact: B Thiagarajan, Vice President, Airconditioning and Refrigeration Service, Blue Star Limited, Bandbox House, 254D, Dr Annie Besant Road, Worli, Mumbai - 400 030, email: bthiagarajan@bluestarindia.com, Telephone: 66544000

Place: Mumbai
Date: Jan 27, 2006.

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 263.82 crores for the quarter ended December 31, 2005 representing a growth of 18% over the corresponding period last year. Net Profit for the quarter grew 17% to Rs 6.91 crores, while Earnings Per Share (EPS) increased to Rs 3.84 from Rs 3.30.

The Total Income for the nine months ended December 31, 2005 grew 27% to Rs 778.65 crores. Net Profit for the same period increased from Rs 18.28 crores to Rs 23.54 crores representing an increase of 29% over the same period last year. The cumulative EPS for nine months stood at Rs 13.09 as against Rs 10.16 last year.

The Company bagged several prestigious orders during the quarter including orders from State Bank of India, Mumbai; Deen Dayal Upadhyay Hospital, New Delhi; High Life Mall, Mumbai; Accenture, Bangalore; Syngenta, Goa; and Select City Mall, New Delhi.

Ashok M Advani, Chairman & Managing Director adds "Blue Star's new order inflow continues at a very healthy rate with no sign of slowing down. The moderation in billings growth in Q3 was partly due to normal seasonal factors and partly because of phasing in of enhanced capacity and changes in product mix at three of the manufacturing plants. These changes have now been completed and billings growth should once again accelerate in Q4."

It may be recalled that Blue Star had reported a Net Profit of Rs 39.16 crores on a Total Income of Rs 930.92 crores for the year ended March 31, 2005. The Company continued its trend of attractive dividends by declaring a dividend of 100%.

Place: Mumbai
Date: May 12, 2006

FY06 performance

Central airconditioning and commercial refrigeration major Blue Star has reported Net Sales of Rs 1174.56 crores for the year ended March 31, 2006, representing 28% growth over last year. Net Profit grew 25% to Rs 48.90 crores, while Earnings Per Share increased to Rs 27.18 from Rs 21.77.

Total Income for the year grew 27% to Rs 1178.62 crores.

Q4 FY06 performance

For the quarter ended March 31, 2006, the Company reported Net sales of Rs 398.16 crores representing 27% growth over the corresponding quarter in the previous year. Total Income for the quarter at Rs 399.97 crores was up by 25%.

Net profit for the quarter increased 21% over the same period last year to Rs 25.36 crores.

Dividend

The Directors have recommended a dividend of Rs. 12 per share compared to Rs 10 per share declared last year. The Company has paid attractive dividends consistently for the past 37 years, since its listing on the Bombay Stock Exchange in 1969.

Stock Split

The shares of the Company have a record of providing high returns, and in recent times the market price has grown substantially. In order to improve liquidity, the Board has recommended a stock split with each Rs 10 share being divided into 5 shares of face value Rs 2 each.

Operating Margins

Operating profit (PBIDT excluding Other Income) for the year at Rs 86.68 crores showed an increase of 50% over Rs 57.85 crores earned in FY05. The operating margin improved to 7.4% in FY06 vs 6.3% achieved in FY05.

Segment-wise performance

Blue Star performed impressively in all 3 lines of business.

The large central airconditioning business accounting for 70% of total revenues continued to show healthy growth of 26% during the FY06. The IT/ITES and Retail segments were the big growth drivers helping the Company to maintain market leadership in the Indian market.

The cooling products business also registered impressive growth, increasing 32% during Q4FY06 and 29% for the whole year. The growth was driven by increased sales of window and split airconditioners as well as refrigeration products and systems such as deep freezers, water coolers and cold storages. Segment profit spurted by 206% in the year.

The professional electronics business continued to contribute significantly to the profitability of the Company. The business grew by a solid 36% during FY06.

Orders booked during Q4FY06

The Company bagged several prestigious airconditioning project orders during the quarter ended March 31, 2006 including orders from RMZ Infinity Tower, Bangalore; Big Bazaar, Hyderabad; Satyam, Secunderabad; DRDO Panagarh, West Bengal; DLF Aamex, Gurgaon; Sahara Hospital, Lucknow; Wakefield IT Park, Pune and Globsyn Crystals, Kolkata. Apart from these, during the quarter, the Company continued to receive business from national customers such as Café Coffee Day, Kotak Mahindra and Vishal Mega Mart.

Outlook

Ashok M Advani, Chairman & Managing Director says "Blue Star's focus on profitable growth in its core businesses as well as the sustained buoyancy in the economic environment has contributed to the impressive financial performance of the Company. Our all-India network combined with the value proposition of energy efficiency, system design expertise and after-sales service excellence, has helped us to grow beyond the industry growth rates and maintain our market leadership. With a healthy order backlog, I am optimistic about the business outlook of the Company."

For additional information, please contact: B Thiagarajan, Vice President, Airconditioning and Refrigeration Service, Blue Star Limited, Bandbox House, 254D, Dr Annie Besant Road, Worli, Mumbai - 400 030, email: bthiagarajan@bluestarindia.com, Telephone: 66544000

Place: Mumbai
Date: Oct 31, 2005.

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 284.72 crores for the quarter ended Sep 30, 2005 representing a growth of 36% over the corresponding period last year. Net Profit for the quarter grew 32% to Rs 11.59 crores, while Earnings Per Share increased to Rs 6.44 from Rs 4.86.

For the half year ending Sep 30, 2005, the Total Income stood at Rs 514.84 crores registering a growth of 33% over the corresponding period last year. Net Profit grew 35% to Rs 16.63 crores.

The order inflow of the Company continues to be healthy. The Company bagged several prestigious central airconditioning orders during the quarter including orders from Shopin Park, Delhi; BHEL at HPCL, Vizag; DGNP, Secunderabad; National Sports Club of India (NSCI), Mumbai; Sigma Aldrich, Bangalore; MSEB, Paras and Parli; Bombay Dyeing, Mumbai ; Cognizant Technology Solutions, Chennai and HSBC, Pune.

Ashok M Advani, Chairman & Managing Director adds "Blue Star has performed exceptionally well on all fronts. Apart from the central airconditioning business, the cooling products business and the professional electronics segment have also registered impressive growth. We have capitalized on the opportunities available and have been able to leverage our leadership position, reputation and brand equity to further improve our market share, revenues and profits. The Company continues to sustain its momentum of high growth levels and I am optimistic about the business outlook."

It may be recalled that Blue Star had reported a Net Profit of Rs 39.16 crores on a Total Income of Rs 930.92 crores for the year ended March 31, 2005. The Company continued its trend of attractive dividends by declaring a dividend of 100%.

Place: Mumbai
Date: May 11, 2005

Financial Performance

Central airconditioning and commercial refrigeration major Blue Star has reported Net Sales of Rs 920.77 crores for the year ended March 31, 2005, representing 32% growth over last year. Net Profit grew 20% to Rs 39.16 crores, while Earnings Per Share increased to Rs 21.77 from Rs 18.10, on an equity base of Rs 17.99 crores. Total income for the year grew 30% to Rs 930.92 crores.

For the quarter ended March 31, 2005, the Company reported Net sales of Rs 312.42 crores representing 25% growth over the corresponding quarter in the previous year. Total Income for the quarter at Rs 319.49 crores was up by 22%. Net profit for the quarter increased marginally over the same period last year to Rs 20.88 crores.

The growth in Net Sales was fueled by buoyancy in the central airconditioning business, which grew by 36% during FY05.

The Company bagged several prestigious orders during the quarter ended March 31, 2005 including orders from Bank of America, Mumbai; Patni Computers, Navi Mumbai; Ranbaxy, Mohali; HSBC, Secunderabad; Atos Origin, Mumbai; Oberoi Mall, Mumbai; Cross River Mall, Delhi; Saint Gobain, Chennai; Big Bazaar, Bangalore; Suzuki, Delhi; Polaris Software, Secunderabad; Wipro, Kolkata and Delhi; Ispat Industries, Mumbai and HCL Technologies, Chennai.

Dividend

The Directors have recommended a dividend of Rs. 10.00 per share compared to Rs 9.00 per share declared last year. The Company has paid attractive dividends for the past 35 years, since its IPO in 1969.

New Plant at Kala Amb, Himachal Pradesh

Blue Star is in the process of setting up a fourth plant at Kala Amb in Himachal Pradesh with an investment of Rs 25 crores. The Plant is expected to be commissioned in the next few months and will manufacture room airconditioners. By setting up this new manufacturing facility, the Company intends to benefit from both the economies of scale of the new Plant, as well as the tax and duty incentives in the region. This will level the playing field vis-à-vis the growing competition, most of who are already benefiting from these incentives. This is in addition to the investments that the Company is making for the modernization and capacity expansion of the existing three plants.

Ashok M Advani, Chairman & Chief Executive Officer adds "Blue Star's continued focus on growth and competitiveness in our core businesses, and efficient use of resources resulted in higher sales and profitability. We expect the central airconditioning market to grow at a healthy pace over the next few years. While the overall market growth potential may attract new entrants, Blue Star's all - India network combined with the value proposition of energy efficiency, system design expertise and after-sales service excellence, will ensure market leadership and profitable growth."

For additional information, please contact: N Sivasankaran, Vice President, Corporate Communications and Marketing, Blue Star Limited, Kasturi Buildings, Mohan T Advani Chowk, J Tata Road, Mumbai - 400 020, email: nsivasankaran@bluestarindia.com, Telephone: 56654000

Place: Mumbai
Date: January, 25, 2005

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 224.14 crores for the quarter ended December 31, 2004 representing a growth of 52.4% over the corresponding period last year. Net Profit for the quarter grew 55.4% to Rs 5.93 crores, while Earnings Per Share (EPS) increased to Rs 3.30 from Rs 2.12.

The Total Income for the nine months ended December 31, 2004 grew 34.8% to Rs 611.43 crores. Net Profit for the same period increased from Rs 12.04 crores to Rs 18.28 crores representing an increase of 51.9% over the same period last year. The cumulative EPS for nine months stood at Rs 10.16 as against Rs 6.69 last year.

The Company bagged several prestigious orders during the quarter including orders from Ram Manohar Lohia Hospital, New Delhi; Times of India, Mumbai; Vascon Multiplex, Pune; RMZ Eco Space Building, Bangalore; DHL Worldwide Express, Mumbai; Sun Microsystems, Bangalore; HCL Technologies BPO Services, Chennai; Delhi High Court, New Delhi; Columbia Hospital, Bangalore; Altana Pharma, Mumbai; NTPC, Sipat and HSBC, Sri Lanka.

Ashok M Advani, Chairman & Chief Executive adds "The Indian economy has been growing at rapid pace and with the construction boom, investments in infrastructure projects, and growth in the services sector, the net profit as well as revenue growth of the Company have substantially improved in the nine month period ended December 31, 2004. The favourable macro economic conditions and the Company's strong fundamentals in the airconditioning, commercial refrigeration and professional electronics business will help in sustaining profitable growth in the future as well as further strengthen its leadership position."

It may be recalled that the Company had reported a Net Profit of Rs 32.55 crores on a Total Income of Rs 716.06 crores for the year ended March 31, 2004.

For additional information, please contact: N Sivasankaran, Vice President, Corporate Communications and Marketing, Blue Star Limited, Kasturi Buildings, Mohan T Advani Chowk, J Tata Road, Mumbai - 400 020, email: nsivasankaran@bluestarindia.com, Telephone: 56654000.

Place: Mumbai
Date: October 29, 2004

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 209 crores for the quarter ended September 30, 2004 representing a growth of 27% over the corresponding period last year. Net Profit for the quarter grew 57% to Rs 8.75 crores, while Earnings Per Share (EPS) increased to Rs 4.86 from Rs 3.09.

The total income for the half year ended September 30, 2004 grew 26% to Rs 387 crores. Net Profit for the same period increased from Rs 8.22 crores to Rs 12.36 crores representing an increase of 50% over the same period last year. The cumulative EPS for the half year stood at Rs 6.87 as against Rs 4.57 last year.

The carry-forward order book as of September 30, 2004 at Rs 453 crores represents a 21% improvement over the previous year. The Company bagged several prestigious orders during the quarter including orders from Intelenet, Mumbai; National Stadium, Guwahati; HCL Technologies, Chennai and Delhi; ST Microelectronics, Noida; Microsoft, Hyderabad; i-Flex, Mumbai; Adlabs Films, Mumbai and Pune and Cognizant Technology Systems, Bangalore.

Ashok M Advani, Chairman & Chief Executive adds "The Company's good performance is attributable primarily to the buoyancy in the central airconditioning business as well as the improved profitability in the cooling products segment. We expect the central airconditioning market to grow at a healthy pace over the next few years. While the current growth is being fueled by the services sector, we anticipate that with the expected revival in industrial investment, airconditioning demand from this sector will also contribute to the overall market growth in the medium term."

It may be recalled that the Company had reported a Net Profit of Rs 32.55 crores on a Total Income of Rs 716.06 crores for the year ended March 31, 2004.

Place: Mumbai
Date: May 12, 2004

Financial Performance

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs 716.06 crores for the year ended March 31, 2004, representing 19% growth over last year. Net Profit grew 5% to Rs 32.55 crores, while Earnings Per Share increased to Rs 18.10 from Rs 16.79. Order inflow for the 12 months through March 31, 2004 grew by 30% to Rs 800.70 crores from last year's figure of Rs 616.61 crores. The carry-forward order book as of March 31, 2004 at Rs 383.45 crores represents a 40% improvement over the previous year.

Dividend

The Directors have recommended a dividend of Rs. 9.00 per share. Last year the Company had declared a dividend of Rs 6.50 per share plus a special Diamond Jubilee dividend of Rs. 2.50. The Company has paid attractive dividends for the past 34 years, since its IPO in 1969.

Ashok M Advani, Chairman & Chief Executive Officer says "Blue Star's continued focus on growth and competitiveness in our core businesses, and efficient use of resources resulted in higher sales and profitability. Over the years, Blue Star has reinvented itself again and again in line with the changing market environment, and has emerged as the company of choice for its customers, employees and business partners. With an objective of aggressive growth, the Company is implementing several strategic initiatives in augmenting manufacturing capacity, product innovation, information technology, channel development, exports and brand building. The last six months of 2003-04 produced excellent growth for the industry as a whole. As the construction boom, investments in infrastructure projects, and growth in the services sector continue, we have seen this momentum maintained in the new financial year for the airconditioning and refrigeration industry. With sound financials, trained manpower and expanding manufacturing capacity, Blue Star is well positioned to reap the benefits of these macro-economic trends."

Place: Mumbai
Date: July 27, 2005

Central airconditioning and commercial refrigeration major Blue Star has reported a Total Income of Rs XXX.XX crores for the quarter ended June 30, 2005 representing a growth of YY% over the corresponding period last year. Net Profit for the quarter grew XX% to Rs Y.YY crores, while Earnings Per Share increased to Rs X.XX from Rs Y.YY. The carry-forward order book as of June 30, 2005 at Rs XXX.XX crores represents a YY% improvement over the previous year.

The Company bagged several prestigious orders during the quarter including orders from RMZ Infinity, Bangalore; Nicholas Piramal, Baddi; Merryl Lynch, Mumbai; Wipro, Gurgaon; E-City, Lucknow; Tech Park One, Pune; IIT, Chennai; Mastek, Mumbai and Pune; HP India, Mumbai and Bangalore; Amity University, Lucknow; Airtel, Bangalore and Marina Mansion, Dubai.

Ashok M Advani, Chairman & Chief Executive adds "The macro economic conditions are favourable with increased investments in infrastracture projects and substantial growth in the services sector. Our central airconditioning business is expected to be the key growth driver for Blue Star in coming year as well. Blue Star's leadership position, reputation and brand equity, backed by over six decades of experience, will help us continue to be the preferred choice for customers seeking expert cooling solutions. I am optimistic about the outlook of the Company in the years to come."

It may be recalled that the Company had reported a Net Profit of Rs 39.16 crores on a Total Income of Rs 930.92 crores for the year ended March 31, 2005. The Company continued its trend of attractive dividends by declaring a dividend of 100%.