Blue Star Q1 Total Income up XX% Net Profit up YY%

Blue Star Q1 Total Income up XX% Net Profit up YY%

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%.



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