Blue Star Limited has reported a growth of 18% in Consolidated Total Income and 29% in Profit Before Interest, Depreciation and Tax (excluding Exceptional Items) for the year ended March 31, 2016.
In 2015-16, the merger of Blue Star Infotech Limited (BSIL) and its subsidiary, Blue Star Infotech Business Intelligence & Analytics Private Limited (BSIBIA) with Blue Star Limited took place with retrospective effect from April 1, 2015. The restated figures for past quarters are reflected in the Audited Accounts for 2015-16. In the previous year 2014-15, there had been another re-organisation of Blue Star Limited and its wholly-owned subsidiaries. Consequently, the quarterly stand-alone figures and the annual stand-alone figures are not comparable with previous periods.
The Consolidated Audited Accounts for the years ended March 31, 2016 and March 31, 2015 provide a more relevant, comprehensive and meaningful picture of the Company, including its subsidiary and various joint ventures. Exceptional items that would vitiate comparability are segregated so as to show the true business performance for the year.
On a consolidated basis,
Consolidated Segment Performance for FY16
The Directors had declared an Interim Dividend of Rs 6.50 per equity share of Rs 2.00 each on March 11, 2016. No final dividend has been declared.
With the heat wave conditions prevailing across the country, room air conditioners and refrigeration products sales are off to a good start. The wide product range including state-of-the-art inverter split air conditioners, enhanced distribution reach and premium brand equity will further strengthen the performance of the products business. The electro-mechanical projects business has shown modest signs of improvement in some markets and application segments, though the overall market has yet to pick up. Blue Star’s new 100% inverter VRF air conditioner is gaining wide acceptance across national and international markets. With additional product lines such as water purifiers, air coolers and air purifiers being added to the Company’s portfolio, Blue Star expects to sustain its growth momentum in FY17.