Blue Star Limited — PPTs, 30-01-2025: Investor Presentation

**Financial Highlights:** In Q3 FY25, Blue Star reported a revenue increase to ₹2,807 cr, up from ₹2,241 cr in Q3 FY24, indicating strong performance. EBITDA rose to ₹209 cr, corresponding to a margin improvement from 25% to 35%. Profit Before Tax (PBT) also grew to ₹179 cr, reflecting a growth of 33%.

**Strategic Initiatives and Growth Drivers:** The company is focused on strengthening its market presence across India and internationally, particularly targeting the USA and Europe. Blue Star is enhancing its manufacturing capabilities, with significant emphasis on energy-efficient and decarbonization products.

**Business Developments:** The firm’s order book increased by 10.7% year-on-year to ₹5,146 cr, indicating robust demand in commercial air conditioning and electro-mechanical projects, despite muted performance in commercial real estate.

**Market Position and Competitive Advantage:** Blue Star maintained a market share of 14% in the Room AC segment, with strong growth in quick commerce and modular cold rooms. Their leadership in the ducted system segment remains a competitive advantage.

**Investor Implications:** The positive trends in revenue growth and order book expansion suggest favorable prospects for stakeholders. Continued focus on innovation and strategic market positioning bodes well for potential performance in upcoming quarters.