Blue Star quarterly results and financials

Blue Star (BLUESTARCO)₹1,578+0.67%(9 Nov 2026 close)Household Appliances

Key facts

In the Sep 2026 quarter (consolidated), Blue Star reported sales of ₹2,934 Cr, up 21.0% from Sep 2025, and net profit of ₹124 Cr, up 25.2% year on year. For the year to Mar 2026, sales were ₹12,433 Cr and net profit ₹526 Cr.

Sales (Sep 2026): ₹2,934 Cr
Net profit (Sep 2026): ₹124 Cr
Sales (FY Mar 2026): ₹12,433 Cr
Net profit (FY Mar 2026): ₹526 Cr
EPS (Sep 2026): ₹6.02
Borrowings (Mar 2026): ₹811 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Blue Star quarterly results

₹ crore unless stated; each column is a quarter.

Blue Star Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	2,244	3,336	2,869	2,280	2,813	4,028	2,988	2,425	2,928	4,082	3,383	2,934
Expenses	2,084	3,082	2,624	2,124	2,595	3,737	2,779	2,238	2,704	3,744	3,198	2,725
Operating Profit	155	241	237	149	208	278	198	181	219	325	174	203
OPM %	7.0%	7.0%	8.0%	7.0%	7.0%	7.0%	7.0%	8.0%	8.0%	8.0%	5.0%	7.0%
Other Income	13.06	13.05	24.10	19.08	21.07	24.09	16.07	10.04	−44.16	45.17	30.09	39.13
Interest	10.01	12.01	8.01	6.01	16.03	19.01	10.01	17.02	22.05	23.03	13.01	17.02
Depreciation	23.06	28.08	28.07	30.06	35.06	35.10	41.11	43.07	46.11	48.13	57.11	68.14
Profit before tax	134	215	227	131	180	250	164	132	108	301	135	158
Tax %	25.1%	25.0%	25.1%	27.0%	26.0%	22.0%	26.0%	25.0%	25.0%	24.0%	24.0%	21.0%
Exceptional items	0.00	0.00	0.00	0.00	8.98	0.00	0.00	0.00	−39.86	12.96	6.98	17.94
Net Profit	99.70	160	169	95.67	132	193	121	98.74	80.73	226	103	124
EPS (Rs)	4.87	7.79	8.19	4.67	6.44	9.40	5.87	4.81	3.91	11.02	4.98	6.02

Blue Star profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Blue Star Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	3,806	4,394	4,649	5,248	5,369	4,272	6,070	7,990	9,709	11,993	12,433	13,328
Expenses	3,624	4,160	4,365	4,882	5,071	4,018	5,710	7,473	9,006	11,080	11,463	12,370
Operating Profit	167	222	265	347	282	239	346	499	667	876	931	922
OPM %	4.4%	5.0%	6.0%	7.0%	5.0%	6.0%	6.0%	6.0%	7.0%	7.0%	8.0%	6.9%
Other Income	66.30	34.13	22.09	26.10	40.13	62.25	36.11	196	44.15	83.30	21.08	70.23
Interest	43.03	38.04	29.05	48.08	29.03	65.11	46.08	55.09	58.05	49.03	72.09	75.11
Depreciation	57.15	61.14	64.12	75.20	88.13	92.25	86.20	85.17	98.27	128	179	219
Profit before tax	132	160	197	252	207	146	252	557	559	788	706	703
Tax %	21.0%	23.0%	25.1%	17.0%	32.0%	32.0%	33.0%	28.0%	26.0%	25.0%	25.0%	—
Exceptional items	−4.98	0.00	2.99	0.99	−1.99	25.92	0.99	126	−2.99	9.97	−30.91	−1.98
Net Profit	106	123	144	189	144	101	168	400	413	589	526	534
EPS (Rs)	5.80	6.43	7.49	9.86	7.43	5.20	8.70	20.74	20.13	28.70	25.61	25.93
Dividend payout %	56.1%	58.1%	67.1%	51.1%	67.1%	38.1%	57.1%	29.1%	35.1%	31.1%	33.1%	—

Blue Star balance sheet

₹ crore, at each year end.

Blue Star Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17.98	17.96	18.97	18.98	18.98	18.99	18.98	18.96	18.96	40.92	40.92	40.97
Reserves	437	610	736	772	852	761	864	996	1,307	2,563	3,015	3,379
Borrowings	399	365	221	377	348	521	510	555	663	243	382	811
Other Liabilities	1,325	1,535	1,678	2,073	2,136	2,142	2,161	2,750	3,416	3,767	4,820	4,344
Total Liabilities	2,177	2,529	2,654	3,239	3,355	3,443	3,555	4,321	5,406	6,615	8,258	8,576
Fixed Assets	256	258	355	391	399	443	383	432	857	1,162	1,533	1,692
CWIP	22.02	16.01	34.03	25.03	41.03	67.04	72.05	152	83.05	127	123	137
Investments	36.06	242	11.03	13.03	15.03	17.05	296	162	148	268	433	458
Other Assets	1,863	2,011	2,254	2,810	2,900	2,916	2,805	3,573	4,319	5,059	6,168	6,289
Inventories	478	533	594	1,014	866	867	879	1,141	1,428	1,403	2,145	2,159
Trade receivables	719	792	939	951	1,113	839	811	1,190	1,550	1,954	1,962	2,141
Cash & equivalents	43.96	45.96	96.91	80.92	101	294	332	270	247	377	432	402
Total Assets	2,177	2,529	2,654	3,239	3,355	3,443	3,555	4,321	5,406	6,615	8,258	8,576

Blue Star cash flow

₹ crore, for each year.

Blue Star Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	214	256	159	18.95	257	449	349	86.70	246	288	686	154
Cash from investing activity	−48.85	−47.91	68.79	−87.74	−64.84	−80.86	−237	−66.86	−178	−523	−462	−353
Cash from financing activity	−190	−195	−203	51.04	−181	−167	−69.99	−82.08	−91.07	365	−162	137
Net cash flow	−23.99	13.01	25.01	−17.99	13.01	202	42.03	−62.07	−22.02	130	63.05	−62.99
Capex	59.93	52.89	107	97.90	108	85.81	63.84	218	360	440	371	328
Free cash flow	180	208	51.96	−73.01	180	369	367	−131	64.99	−144	319	−169
CFO / OP %	143.1%	173.0%	70.1%	24.0%	84.1%	189.1%	150.0%	36.0%	68.0%	64.1%	99.1%	35.1%

Blue Star ratios

Working-capital days and returns, by year.

Blue Star Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	83	77	79	76	79	58	70	73	72	75	61	64
Inventory days	78	103	96	151	118	115	142	124	123	105	130	130
Days payable	145	210	190	227	210	210	259	222	216	197	208	176
Cash conversion cycle	15	−31	−16	−2	−14	−38	−48	−26	−22	−18	−18	16
Working capital days	−12	−17	6	8	8	−13	−1	6	4	20	16	20
ROCE %	15.1%	20.1%	20.1%	20.0%	25.0%	19.1%	13.1%	20.0%	24.1%	26.0%	26.1%	21.1%

Blue Star: frequently asked questions

What are the latest quarterly results of Blue Star?

For the Sep 2026 quarter, Blue Star reported sales of ₹2,934 Cr, up 21.0% year on year and net profit of ₹124 Cr, up 25.2% year on year. The operating margin was 7.0%.

What is the annual revenue of Blue Star?

Blue Star's sales for the year to Mar 2026 were ₹12,433 Cr; over the last twelve months they were ₹13,328 Cr.

What is the net profit of Blue Star?

Net profit for the year to Mar 2026 was ₹526 Cr, and ₹534 Cr over the last twelve months. Earnings per share over the same trailing period were ₹25.93.

How much debt does Blue Star have?

Blue Star reported borrowings of ₹811 Cr at Mar 2026, against cash and equivalents of ₹402 Cr.

What is the free cash flow of Blue Star?

Cash from operations was ₹154 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹169 Cr.

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