Blue Star Limited — PPTs, 08-05-2025: Investor Presentation

1. Financial Highlights:

Revenue increased 39% to ₹7,720 cr in FY25, with Q4 revenue at ₹2,490 cr, up 16% YoY. EBITDA margin expanded to 7.3% from 6.9%, driving a 24% EBITDA rise to ₹2,876 cr. Profit before tax grew 24% to ₹1,197 cr. Earnings per share rose 32% to ₹8.76. Electro-Mechanical Projects and Commercial A/C revenue rose 27.2% to ₹5,998 cr with EBIT margin at 8.2%; Professional Electronics and Industrial Systems advanced 22.4% to ₹5,621 cr with margins improving to 8.4%, while Unitary Products declined 7.7% to ₹349 cr with margin contraction.

2. Strategic Initiatives & Growth Drivers:

Blue Star launched new premium and Smart Wi-Fi room ACs, expanding its residential portfolio. The chiller range now includes data center, brine, and centrifugal chillers. Expansion in North America and Europe gains momentum with new Sri City manufacturing capacity. Focus sectors remain Healthcare, Hospitality, Education, Data Centers, and Commercial buildings, supported by a strong ₹6,053 cr order book (+11%).

3. Business Developments:

The company leads in ducted systems, VRF, and commercial chillers. Growth in commercial refrigeration is propelled by Ice Cream, QSRs, HoReCa, Quick Commerce, Food Retail, and Healthcare segments emphasizing energy efficiency. Industrial Solutions stay steady from manufacturing demand, while Med-Tech and Data Security face order delays.

4. Market Position & Competitive Advantage:

With over 80 years in operation and presence in 18+ countries, Blue Star commands leadership in air conditioning, refrigeration, and electro-mechanical projects. Its extensive channel network (~4,000 partners), wide manufacturing base, and patented technologies support scale and differentiation. Recognized for governance and ESG, multiple industry awards affirm operational strength.

5. Investor Implications:

Strong revenue, margin expansion, and ongoing product innovation underline positive growth potential. Geographic diversification and a robust order book enhance operational resilience. Execution risks remain in slower industrial segments and international markets, but overall outlook is favorable for sustained growth.