Blue Star Limited — Q1FY27 earnings call summary

Filed 13 August 2026 · Official transcript

Expect margin recovery in segment II to 6.5%+ by FY27 end via product rejig and pricing
Segment II revenue +12.8%, margin dropped to 2.9% due to commodity costs, delayed summer
Industry margin outlook 7.5%-8%; Q2 margin improvement marginal, better in Q3-Q4
Q1 FY27 revenue grew 13.3% to Rs.3,378 Cr; PBT down 23.7% to Rs.125.6 Cr
Data center MEP segment revenue to reach Rs.1,400 Cr in FY27, order inflow Rs.3,000 Cr
Export growth strong; FY26 exports ~USD85M, targeting +USD100M by FY28
Net cash position improved to Rs.900 Cr; order book Rs.7,764 Cr
Market share stable; product portfolio adjustments underway to improve margins