Blue Star Net Spurts 174% even after Software Spin off

Blue Star Net Spurts 174% even after Software Spin off

Blue Star, the leader in airconditioning and commercial refrigeration, has reported a Net Profit of Rs.8.04 crores from Total Income of Rs.330.95 crores for the 9-month period ended 31.12.2000.

Operating Income up by 14% and Net Profit growth of 174%

These results do not include income from software services, which business has been spun off into a separate company, Blue Star Infotech Limited. In comparison with the previous year, excluding the software business, Operating Income is up by 14%, while Net Profit has grown by 174%. The impressive performance of the Company is the result of its leadership in its core businesses, namely, airconditioning and commercial refrigeration.

32% growth in new order inflow

New order inflow for the core airconditioning and commercial refrigeration businesses for the 9-month period jumped by 32% in comparison with the previous year. The software, healthcare and pharmaceutical industries, where the Company enjoys preference by customers, contributed to this growth.

Gains market shares in most of the segments

The Company serves a large number of corporate and commercial customers with a comprehensive range of airconditioning equipment from large central plants down to room airconditioners, as well as commercial refrigeration equipment including cold storages, deep freezers and water coolers. It has strengthened its leadership position by gaining market shares significantly in most market segments.

Blue Star consolidates leadership in airconditoning of software development centres

Specifically, in the field of airconditioning of software development centres, the Company is the acknowledged leader, with a market share in excess of 55%. Major customer orders booked recently include CISCO Systems, HCL Technologies, Infosys, Mars Software, Satyam Computers, SSI, and Wipro Technologies.

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