Blue Star gets 'cool'!
By
Research Desk
about 11 years ago
Blue Star is very much in the limelight today, hitting a new 52-week high at Rs.295 and continues to hover around Rs.291 levels.
The stock is reacting to the very good set of numbers the company posted for Q4FY14 and FY14. Its net profit for the quarter came in at Rs.43 crore, up by a whopping 139% (YoY) though this was on a flat rise in net sales at Rs.863 crore, up a little over 1%. A tight control on costs and other income of Rs.35 crore v/s Rs.21 crore in previous Q4 helped boost the bottomline.
It ended the fiscal FY14 with a very healthy consolidated net profit at Rs.77 crore, which has almost doubled up from FY13 net profit of Rs.39 crore.