Q3 2026 Blue Star Ltd Earnings Call Transcript
Key Points
- Blue Star Ltd (BOM:500067) recorded a modest revenue growth of 4.2% in Q3 FY26, reaching INR 2,925 crores compared to INR 2,807 crores in the same quarter last year.
- The room air conditioner business witnessed modest growth due to inventory buildup ahead of the energy level change deadline.
- Segment one, electromechanical projects and commercial air conditioning, saw an 8.6% revenue growth to INR 1,696 crores in Q3 FY26.
- The company has undertaken cost reduction initiatives since Q1 FY26, contributing to improved margins.
- Blue Star Ltd (BOM:500067) is focusing on expanding its distribution reach and investing in R&D, manufacturing, and digitalization in anticipation of robust growth in FY27.
- Net profit for Q3 FY26 decreased to INR 80.5 crores from INR 132.5 crores in Q3 FY25.
- The order flow for the electromechanical projects segment was lower by 16.5% compared to the previous quarter.
- The commercial refrigeration business did not rebound as expected during the festival season, with most product lines other than storage water coolers experiencing a decline.
- Segment three, professional electronics and industrial systems, saw a revenue decrease of 7.1% to INR 75 crores in Q3 FY26.
- The company faced challenges with tariff-related uncertainties affecting the future prospects of its US business, dependent on the outcome of the India-US trade deal.
Towards 2025 was a year I think after many years of, quarter after quarter significant growth, we faced these challenges. Having said all this, I believe that we are doing better than the industry peers, and we would have. Shown higher margins we would have gained market share modestly some, decimal points.
And we would like to now focus on Q4 and 5 37. That's where we are.
And 27, that's where we are.
And with that I will hand it over to Nickel for highlighting the details of 23 as well as 9 month entered.
December 2025, results.
Okay, thank.
You, Mr. Hagarajan, and, good morning ladies and gentlemen. Let me take you through the financial highlights for the 3rd quarter.
So during quarter 3 of 526, the company has recorded modest revenue growth despiteve market.
The good news is that for the first time in this fixture, the room air conditioner business has
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