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Blue Star Limited reported its financial results for the quarter and financial year ended March 31, 2026, along with its dividend announcement and key corporate dates.

The company said its revenue from operations increased 3.6 per cent to Rs 12,401.99 crore in FY26 compared to Rs 11,967.65 crore in FY25. The company said growth during the year was supported by the projects business, commercial air conditioning systems and international operations, which helped offset weakness in the room air conditioner segment during part of the year.

For the quarter ended March 31, 2026, revenue from operations rose 1.3 per cent to Rs 4,072.06 crore compared to Rs 4,018.96 crore in the same quarter of the previous year. The company said demand conditions in the room air conditioner segment improved towards the end of the year, leading to stronger performance in the fourth quarter.

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Blue Star quarterly performance

Net profit for FY26 declined to Rs 527.33 crore compared to Rs 591.28 crore in FY25. The company said the decline was due to lower other income, higher finance costs and changes in exceptional items during the year. Other income fell 17.5 per cent to Rs 61.91 crore in FY26. Earnings per share for the year stood at Rs 25.65 compared to Rs 28.76 in the previous year.

Finance cost increased to Rs 72.14 crore in FY26 compared to Rs 48.80 crore in FY25. The company said the increase was due to higher borrowing levels to support working capital requirements during the year. Tax expense stood at Rs 175.78 crore compared to Rs 193.65 crore in the previous year.

For the fourth quarter of FY26, net profit rose 17.1 per cent to Rs 227.18 crore compared to Rs 194 crore in the corresponding quarter of the previous year. Operating profit for the quarter increased 16.8 per cent to Rs 326.25 crore, while operating margin improved to 8 per cent from 7 per cent in the same period last year.

Blue Star Order book and segment performance

The company’s order book stood at Rs 6,923 crore as of March 31, 2026, compared to Rs 6,263.36 crore as of March 31, 2025, reflecting a growth of 10.5 per cent. The company said this growth was supported by demand from sectors such as manufacturing, data centres and infrastructure-related projects.

Segment-wise, the Electro-Mechanical Projects and Commercial Air Conditioning Systems business grew 12.8 per cent to Rs 6,762.80 crore. The segment result stood at Rs 501.91 crore compared to Rs 490.88 crore in FY25.

The Unitary Products segment declined 5.1 per cent to Rs 5,332.36 crore, while the segment result stood at Rs 434.82 crore compared to Rs 471.26 crore in FY25. The Professional Electronics and Industrial Systems segment declined 12 per cent to Rs 306.83 crore, while the segment result improved to Rs 34.89 crore from Rs 29.72 crore.

Blue Star Dividend announcement and key dates

The board of directors recommended a final dividend of Rs 8.5 per equity share of face value Rs 2 each for FY26. This translates into a dividend payout of 425 per cent. The dividend, if approved at the Annual General Meeting, will be paid or dispatched after August 6, 2026.

The company said the record date for determining eligible shareholders has been fixed as July 17, 2026. Shareholders whose names appear in the register of members or beneficial owners as on the record date will be eligible for the dividend.

Blue Star​ Outlook

The company said FY26 was impacted by external factors including weather conditions, commodity price movements and exchange rate fluctuations. It added that demand in the room air conditioner segment improved towards the end of the year, and early FY27 has shown a pickup in sales activity in the segment.