Blue Star
Logotype for Blue Star Limited

Blue Star (500067) investor relations material

Blue Star Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Blue Star Limited
Q3 25/26 earnings summary30 Jan, 2026

Executive summary

  • Q3 FY 2026 saw consolidated revenue growth of 4.2% year-over-year to ₹2,925 crore, with EBITDA up 5% and profit before tax down 2% due to a one-time labor code-related expense.

  • Management remains focused on a strong Q4 and FY 2027, expecting improved performance as the summer season approaches.

  • Approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025.

  • Re-appointment of Managing Director and new appointments to the Board, including an Executive Director and an Independent Director.

Financial highlights

  • Q3 FY 2026 consolidated revenue grew 4.2% year-over-year to ₹2,925 crore; EBITDA rose to ₹221 crore with a stable margin of 7.5%.

  • Q3 net profit dropped to ₹80.55 crore from ₹132.46 crore, impacted by a one-time labor code-related expense of ₹56 crore.

  • PBT before JV and exceptional items was ₹165 crore, slightly down from ₹167 crore last year.

  • Nine months revenue: ₹8,329.93 crore (up from ₹7,948.69 crore YoY); net profit: ₹300.15 crore (down from ₹397.28 crore YoY).

  • Net borrowings increased to ₹352 crore from a net cash position of ₹102 crore a year ago.

Outlook and guidance

  • Q4 FY 2026 is expected to be strong for room air conditioners, commercial air conditioning, and refrigeration products.

  • FY 2027 growth guidance: Electro-Mechanical Projects at 8%-10% CAGR, commercial refrigeration at 12%-15% CAGR, and room air conditioners at 18%-20% CAGR.

  • Margin guidance for Q4 FY 2026 and FY 2027 is 8.5% for unitary products and around 7% for segment one.

  • Price increases of around 10% are anticipated due to energy label changes, commodity inflation, and currency depreciation.

  • International expansion in the US and Europe progressing despite tariff uncertainties.

Future impact of new Labour Codes on financials?
What is the strategic focus for Unitary Cooling Products?
Why is MD's re-appointment term so short?
Assess RAC demand impact from 10% net price hike
Drivers for Segment 1's revised 8-10% CAGR outlook?
Detail export strategy to reach 15% revenue in 3 years
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Blue Star earnings date

Logotype for Blue Star Limited
Q4 25/267 May, 2026
Blue Star
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Blue Star earnings date

Logotype for Blue Star Limited
Q4 25/267 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage