Central air conditioning and commercial refrigeration major, Blue Star Limited has registered a Net Profit of Rs 5.07 crores for the quarter ended September 30, 2001 on a Total Income of Rs 122.84 crores. This represents 40% growth over the corresponding quarter of last year. Net profit for the first half stood at Rs 7.09 crores on a Total Income of Rs 232.17 crores.
Interest Cost Down 30%
The focus has been on enhancing resource utilization across the Company. The Company reduced the interest burden by 30% through prudent financial management.
Improved Operational Efficiency
The Company undertook several measures to cut costs and improve productivity. An Employee Voluntary Retirement Scheme was introduced.