Blue Star’s second quarter results announced: profit increased by 36.11% year-on-year

Blue Star’s second quarter results live broadcast: Blue Star announced its second quarter results on November 6, 2024. The performance was strong, with revenue increasing by 20.4% compared with the same period last year. The company’s profit increased significantly by 36.11% year-on-year, reflecting strong operating efficiency despite challenging market conditions.

However, compared with the previous quarter, Blue Star’s revenue fell by 20.57% and its profit fell by 43.03%. Although the annual comparison is favorable, the decline raises concerns about the company’s short-term performance.

In terms of expenses, selling, general and administrative expenses increased by 11.2% month-on-month and a significant year-on-year increase of 26.92%. The increase in expenses could be a key factor affecting the company’s profitability in the coming quarters.

Operating income fell 43.11% month-on-month, but still increased 19.74% year-on-year. The mixed performance highlights the volatility of Blue Star’s business in different market conditions.

Second quarter earnings per share (EPS) were $4.67, a year-on-year increase of 27.95%, which is a positive sign for investors seeking earnings growth amid volatile revenue and profits.

Blue Star returned 3.99% last week, 31.09% over the past six months, and 98.63% year-to-date. This performance demonstrates investor confidence in the company’s long-term growth potential.

Currently, Blue Star’s market capitalization is $Rs 38,677.17 Crore, a new 52-week high $2,199.55 The lowest price is $901.55, indicating volatile trading conditions over the past year.

Out of the 17 analysts covering the company as of November 7, 2024, the outlook is mixed, with 1 recommending a strong sell, 5 recommending a hold, 7 recommending a buy, and 4 giving a strong Buy rating. The consensus recommendation remains Buy, indicating that analysts remain optimistic about Blue Star’s future performance.