Blue Star Ltd Climbs with 21% Profit Boost in March Quarter

Cooling products company Blue Star Ltd reported a 21% increase in net profit to Rs 194 crore in the March quarter, driven by higher revenues. The board recommended a final dividend and reappointed Vir S Advani as Chairman & Managing Director. The company's total income also saw a significant rise.

Indian cooling products manufacturer Blue Star Ltd announced a 21% rise in consolidated net profit, reaching Rs 194 crore in the March quarter, primarily due to increased revenues.

The company's income surged to Rs 4,042.95 crore compared to Rs 3,340.16 crore the previous year, alongside a rise in expenses to Rs 3,793.73 crore.

The board recommended a final dividend and confirmed the reappointment of Vir S Advani as Chairman & Managing Director for five more years, based on the Nomination and Remuneration Committee's recommendations.