Blue Star Limited — PPTs, 30-01-2026: Investor Presentation

Blue Star delivered a resilient Q3 FY26, with Revenue climbing to ₹2925 Cr (+4.2% YoY) and EBITDA to ₹221 Cr (+5.7% YoY). For the nine months, Revenue reached ₹8330 Cr (+4.8% YoY) and EBITDA ₹604 Cr (+1.2% YoY). Profitability (PBT and EPS) for both periods saw a dip primarily due to a one-time ₹56 Cr charge related to Gratuity and Leave Encashment.

The Electro-Mechanical Projects segment saw strong enquiry momentum across data centers, factories, and commercial offices. The Room AC business revived ahead of energy label changes, while Industrial Solutions grew robustly. Commercial Refrigeration remained subdued, and Med-Tech Solutions faced regulatory uncertainty.

Strategically, the company is expanding its global footprint in the US and Europe and strengthening its energy-efficient, IoT-enabled Commercial Refrigeration portfolio. Production of new energy-compliant Room ACs has begun, prepping for the summer season. Management holds a favorable medium-term outlook for Electro-Mechanical projects and expects Commercial Refrigeration to recover in the summer.