Staff Reporter
Panaji
Blue Star Limited entered Q1FY24 on a strong note on the heels of an exceptional Q4FY23 performance with a record carried forward order book and a promising summer season. The Company’s Revenue from Operations increased by 12.6% to `2,226.00 crores for the quarter ended June 30, 2023, compared to `1,977.03 crores during the same period in the previous year. The Operating Profit (PBIDTA excluding Other Income and Finance Income) for the quarter was `145.00 crores (6.5% of Revenue) compared to `123.31 crores (6.2% of Revenue) in Q1FY23. Net Profit for the quarter grew to `83.37 crores compared to `74.35 crores in Q1FY23.
Other Income (including Finance Income) for Q1FY24 was `9.40 crores compared to `10.51 crores in Q1FY23. Finance Cost for the quarter increased to `18.00 crores from `10.62 crores in Q1FY23. Tax expense for the quarter was `30.24 crores compared to `26.34 crores in Q1FY23. Earnings per share (not annualized) for Q1FY24 (Face value of `2.00) was `4.33 compared to `3.86 in Q1FY23. Carried Forward Order Book as on June 30, 2023, grew by 37.4% to `5359.05 crores, compared to `3901.48 crores as on June 30, 2022.