Integrated Filing — IndAS
General information about company
| Scrip Code |
500067 |
| NSE Symbol |
BLUESTARCO |
| MSEI Symbol |
NOTLISTED |
| ISIN |
INE472A01039 |
| Name of company |
Blue Star Limited |
| Type of company |
Main Board |
| Class of security |
Equity |
| Date of start of financial year |
01-04-2026 |
| Date of end of financial year |
31-03-2027 |
| Date of board meeting when results were approved |
29-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed
to the exchange |
28-09-2026 |
| Description of presentation currency |
INR |
| Level of rounding used in financial results |
Lakhs |
| Reporting Type |
Quarterly |
| Reporting Quarter |
Second quarter |
| Nature of report standalone or consolidated |
Consolidated |
| Whether results are audited or unaudited for the quarter ended |
Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended |
Unaudited |
| Segment Reporting |
Multi segment |
| Description of single segment |
|
| Start date and time of board meeting |
29-10-2026 10:00:00 |
| End date and time of board meeting |
29-10-2026 15:40:00 |
| Whether cash flow statement is applicable on company |
Yes |
| Type of cash flow statement |
Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Declaration of unmodified opinion |
Financial Results Ind-AS
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Consolidated |
Consolidated |
| 1 |
Income |
|
Revenue from operations |
2,93,095.00 |
6,30,887.00 |
|
Other income |
1,579.00 |
3,655.00 |
|
Total income |
2,94,674.00 |
6,34,542.00 |
| 2 |
Expenses |
| (a) |
Cost of materials consumed |
2,06,805.00 |
4,20,938.00 |
| (b) |
Purchases of stock-in-trade |
12,650.00 |
61,946.00 |
| (c) |
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
2,184.00 |
3,372.00 |
| (d) |
Employee benefit expense |
25,173.00 |
50,114.00 |
| (e) |
Finance costs |
1,685.00 |
3,032.00 |
| (f) |
Depreciation, depletion and amortisation expense
|
6,790.00 |
12,452.00 |
| (f) |
Other Expenses |
| 1 |
Other Expenses |
26,026.00 |
56,765.00 |
|
Total other expenses |
26,026.00 |
56,765.00 |
|
Total expenses |
2,81,313.00 |
6,08,619.00 |
| 3 |
Total profit before exceptional items and tax |
13,361.00 |
25,923.00 |
| 4 |
Exceptional items |
2,302.00 |
3,219.00 |
| 5 |
Total profit before tax |
15,663.00 |
29,142.00 |
| 6 |
Tax expense |
|
| 7 |
Current tax |
3,280.00 |
6,183.00 |
| 8 |
Deferred tax |
59.00 |
364.00 |
| 9 |
Total tax expenses |
3,339.00 |
6,547.00 |
| 10 |
Net movement in regulatory deferral account balances related to profit or loss and
the related deferred tax movement |
0.00 |
0.00 |
| 11 |
Net Profit Loss for the period from
continuing operations |
12,324.00 |
22,595.00 |
| 12 |
Profit (loss) from discontinued operations before tax |
0.00 |
0.00 |
| 13 |
Tax expense of discontinued operations |
0.00 |
0.00 |
| 14 |
Net profit (loss) from discontinued
operation after tax |
0.00 |
0.00 |
| 15 |
Share of profit (loss) of associates and joint ventures accounted for using equity
method |
67.00 |
47.00 |
| 16 |
Total profit (loss) for period |
12,391.00 |
22,642.00 |
| 17 |
Other comprehensive income net of taxes |
145.00 |
(28.00) |
| 18 |
Total Comprehensive Income for the period |
12,536.00 |
22,614.00 |
| 19 |
Total profit or loss, attributable to
|
|
|
|
Profit or loss, attributable to owners of parent |
12,392.00 |
22,642.00 |
|
Total profit or loss, attributable to non-controlling interests |
(1.00) |
0.00 |
| 20 |
Total Comprehensive income for the period attributable to |
|
|
|
Comprehensive income for the period attributable to owners of parent |
148.00 |
(25.00) |
|
Total comprehensive income for the period attributable to owners of parent non-controlling
interests |
(3.00) |
(3.00) |
| 21 |
Details of equity share capital |
|
|
Paid-up equity share capital |
4,112.00 |
4,112.00 |
|
Face value of equity share capital |
2 |
2 |
| 27 |
Details of debt securities |
|
| 22 |
Reserves excluding revaluation reserve |
|
|
| 23 |
Earnings per share |
|
| i |
Earnings per equity share for continuing operations |
|
|
Basic earnings (loss) per share from continuing operations |
6.03 |
11.01 |
|
Diluted earnings (loss) per share from continuing operations |
6.03 |
11.01 |
| ii |
Earnings per equity share for discontinued operations |
|
|
Basic earnings (loss) per share from discontinued operations |
0 |
0 |
|
Diluted earnings (loss) per share from discontinued operations |
0 |
0 |
| ii |
Earnings per equity share |
|
|
Basic earnings (loss) per share from continuing
and discontinued operations |
6.03 |
11.01 |
|
Diluted earnings (loss) per share from
continuing and discontinued operations |
6.03 |
11.01 |
| 24 |
Debt equity ratio |
0.1400 |
0.1400 |
| 25 |
Debt service coverage ratio |
31.400 |
30.3100 |
| 26 |
Interest service coverage ratio |
31.400 |
30.3100 |
| 27 |
Disclosure of notes on financial results |
|
Remarks
Statement of Asset and Liabilities
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-04-2026 |
| Date of end of reporting period |
30-09-2026 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Consolidated |
|
Assets |
| 1 |
Non-current assets |
|
Property, plant and equipment |
1,65,237.00 |
|
Capital work-in-progress |
7,264.00 |
|
Investment property |
0.00 |
|
Goodwill |
0.00 |
|
Other intangible assets |
14,769.00 |
|
Intangible assets under development |
8,425.00 |
|
Biological assets other than bearer plants |
0.00 |
|
Investments accounted for using equity method |
2,246.00 |
|
Non-current financial assets |
|
|
Non-current investments |
0.00 |
|
Trade receivables, non-current |
0.00 |
|
Loans, non-current |
1,599.00 |
|
Other non-current financial assets |
|
| 1 |
Other Financial Asset |
5,903.00 |
|
Total of other non-current financial assets |
5,903.00 |
|
Total non-current financial assets |
7,502.00 |
|
Deferred tax assets (net) |
1,197.00 |
|
Other non-current assets |
|
| 1 |
Contract Assets |
33.00 |
| 2 |
Income Tax Assets (Net) |
17,642.00 |
| 3 |
Other non-current assets |
8,629.00 |
|
Total of other non-current assets |
26,304.00 |
|
Total non-current assets |
2,32,944.00 |
| 2 |
Current assets |
|
|
Inventories |
2,27,519.00 |
|
Current financial asset |
|
|
Current investments |
52,522.00 |
|
Trade receivables, current |
1,67,471.00 |
|
Cash and cash equivalents |
18,120.00 |
|
Bank balance other than cash and cash equivalents |
7,116.00 |
|
Loans, current |
552.00 |
|
Other current financial assets |
|
|
Total of other current financial assets |
5,756.00 |
|
Total current financial assets |
2,51,537.00 |
|
Current tax assets (net) |
|
|
Other current assets |
|
| 1 |
Contract assets |
80,741.00 |
| 2 |
Other current assets |
55,156.00 |
| 3 |
Asset Held for Sale |
691.00 |
|
Total of other current assets |
1,36,588.00 |
|
Total current assets |
6,15,644.00 |
| 3 |
Non-current assets classified as held for sale |
|
| 4 |
Regulatory deferral account debit balances and related deferred tax Assets |
|
|
Total assets |
8,48,588.00 |
|
Equity and liabilities |
|
| 1 |
Equity |
|
|
Equity attributable to owners of parent |
|
|
Equity share capital |
4,112.00 |
|
Other equity |
3,44,618.00 |
|
Total equity attributable to owners of parent |
3,48,730.00 |
|
Non controlling interest |
249.00 |
|
Total equity |
3,48,979.00 |
| 2 |
Liabilities |
|
|
Non-current liabilities |
|
|
Non-current financial liabilities |
|
|
Borrowings, non-current |
0.00 |
|
Trade payables, non-current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
0.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
0.00 |
|
Total Trade payable |
0.00 |
|
Other non-current financial liabilities |
|
| 1 |
Lease Liabilities |
21,267.00 |
|
Total of other non-current financial liabilities |
21,267.00 |
|
Total non-current financial liabilities |
21,267.00 |
|
Provisions, non-current |
3,029.00 |
|
Deferred tax liabilities (net) |
3,793.00 |
|
Deferred government grants, Non-current |
1,031.00 |
|
Other non-current liabilities |
|
| 1 |
Contract liabilities |
1,014.00 |
| 2 |
Other non-current liabilities |
4,417.00 |
|
Total of other non-current liabilities |
5,431.00 |
|
Total non-current liabilities |
34,551.00 |
|
Current liabilities |
|
|
Current financial liabilities |
|
|
Borrowings, current |
48,363.00 |
|
Trade payables, current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
24,880.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
2,46,952.00 |
|
Total Trade payable |
2,71,832.00 |
|
Other current financial liabilities |
|
| 1 |
Lease liabilities |
8,330.00 |
| 2 |
Other financial liabilities |
3,154.00 |
|
Total of other current financial liabilities |
11,484.00 |
|
Total current financial liabilities |
3,31,679.00 |
|
Other current liabilities |
1,11,425.00 |
| 1 |
Contract liabilities |
32,868.00 |
| 2 |
Other current liabilities |
78,557.00 |
|
Total of other current liabilities |
1,11,425.00 |
|
Provisions, current |
13,864.00 |
|
Current tax liabilities (Net) |
7,974.00 |
|
Deferred government grants, Current |
116.00 |
|
Total current liabilities |
4,65,058.00 |
| 3 |
Liabilities directly associated with assets in disposal group classified as held for sale |
0.00 |
| 4 |
Regulatory deferral account credit balances and related deferred tax liability |
0.00 |
|
Total liabilities |
4,99,609.00 |
|
Total equity and liabilites |
8,48,588.00 |
|
Disclosure of notes on assets and liabilities |
|
Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Amount in (Lakhs)
| Particulars |
3 months/ 6 month ended (dd-mm-yyyy) |
Year to date figures for current period
ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| Date of end of reporting
period |
30-09-2026 |
30-09-2026 |
| Whether results are audited
or unaudited |
Unaudited |
Unaudited |
| Nature of report standalone or
consolidated |
Consolidated |
Consolidated |
| 1 |
Segment Revenue (Income) |
|
(net sale/income from each segment should
be disclosed) |
| 1 |
Electro - mechanical projects and commercial air conditioning systems |
1,93,599.00 |
3,56,104.00 |
| 2 |
Unitary products |
89,766.00 |
2,58,697.00 |
| 3 |
Professional electronics and industrial systems |
9,730.00 |
16,086.00 |
|
Total Segment Revenue |
2,93,095.00 |
6,30,887.00 |
|
Less: Inter segment revenue |
0.00 |
0.00 |
|
Revenue from operations |
2,93,095.00 |
6,30,887.00 |
| 2 |
Segment Result |
|
Profit (+) / Loss (-) before tax and
interest from each segment |
| 1 |
Electro - mechanical projects and commercial air conditioning systems |
13,315.00 |
24,337.00 |
| 2 |
Unitary products |
2,074.00 |
7,043.00 |
| 3 |
Professional electronics and industrial systems |
2,310.00 |
3,267.00 |
|
Total Profit before tax |
17,699.00 |
34,647.00 |
|
i. Finance cost |
1,685.00 |
3,032.00 |
|
ii. Other Unallocable Expenditure net off Unallocable income |
2,653.00 |
5,692.00 |
|
Profit before tax |
13,361.00 |
25,923.00 |
| 3 |
(Segment Asset - Segment Liabilities)
|
|
Segment Asset |
| 1 |
Electro - mechanical projects and commercial air conditioning systems |
4,18,452.00 |
4,18,452.00 |
| 2 |
Unitary products |
2,78,142.00 |
2,78,142.00 |
| 3 |
Professional electronics and industrial systems |
10,560.00 |
10,560.00 |
|
Total Segment Asset |
7,07,154.00 |
7,07,154.00 |
|
Un-allocable Assets |
1,41,434.00 |
1,41,434.00 |
|
Net Segment Asset |
8,48,588.00 |
8,48,588.00 |
| 4 |
Segment Liabilities |
|
Segment Liabilities |
| 1 |
Electro - mechanical projects and commercial air conditioning systems |
2,75,303.00 |
2,75,303.00 |
| 2 |
Unitary products |
1,20,148.00 |
1,20,148.00 |
| 3 |
Professional electronics and industrial systems |
12,064.00 |
12,064.00 |
|
Total Segment Liabilities |
4,07,515.00 |
4,07,515.00 |
|
Un-allocable Liabilities |
92,094.00 |
92,094.00 |
|
Net Segment Liabilities |
4,99,609.00 |
4,99,609.00 |
|
Disclosure of notes on segments |
|
Other Comprehensive Income
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Consolidated |
Consolidated |
|
Other comprehensive income [Abstract] |
|
| 1 |
Amount of items that will not be reclassified to profit and loss |
|
| 1 |
Items that will not be reclassified to profit / (loss) |
(223.00) |
(327.00) |
|
Total Amount of items that will not be reclassified to profit and loss |
(223.00) |
(327.00) |
| 2 |
Income tax relating to items that will not be reclassified to profit or loss |
(57.00) |
(82.00) |
| 3 |
Amount of items that will be reclassified to profit and loss |
|
|
Total Amount of items that will be reclassified to profit and loss |
|
|
| 4 |
Income tax relating to items that will be reclassified to profit or loss |
(311.00) |
(217.00) |
| 5 |
Total Other comprehensive income |
145.00 |
(28.00) |
Cash flow statement, indirect
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Consolidated |
|
Statement of cash flows |
|
|
Cash flows from used in operating
activities |
|
|
Profit before tax |
29,142.00 |
|
Adjustments for reconcile profit (loss) |
|
|
Adjustments for finance costs |
3,032.00 |
|
Adjustments for decrease (increase) in inventories |
(10,897.00) |
|
Adjustments for decrease (increase) in trade receivables, current |
46,011.00 |
|
Adjustments for decrease (increase) in trade receivables, non-current
|
0.00 |
|
Adjustments for decrease (increase) in other current assets |
(14,387.00) |
|
Adjustments for decrease (increase) in other non-current assets |
226.00 |
|
Adjustments for other financial assets, non-current |
(3,351.00) |
|
Adjustments for other financial assets, current |
0.00 |
|
Adjustments for other bank balances |
3,608.00 |
|
Adjustments for increase (decrease) in trade payables, current |
(15,362.00) |
|
Adjustments for increase (decrease) in trade payables, non-current |
0.00 |
|
Adjustments for increase (decrease) in other current liabilities |
12,690.00 |
|
Adjustments for increase (decrease) in other non-current liabilities
|
(494.00) |
|
Adjustments for depreciation and amortisation expense |
12,452.00 |
|
Adjustments for impairment loss reversal of impairment loss recognised
in profit or loss |
0.00 |
|
Adjustments for provisions, current |
215.00 |
|
Adjustments for provisions, non-current |
(2,587.00) |
|
Adjustments for other financial liabilities, current |
27.00 |
|
Adjustments for other financial liabilities, non-current |
0.00 |
|
Adjustments for unrealised foreign exchange losses gains |
55.00 |
|
Adjustments for dividend income |
0.00 |
|
Adjustments for interest income |
802.00 |
|
Adjustments for share-based payments |
451.00 |
|
Adjustments for fair value losses (gains) |
0.00 |
|
Adjustments for undistributed profits of associates |
0.00 |
|
Other adjustments for which cash effects are investing or financing
cash flow |
(1,924.00) |
|
Other adjustments to reconcile profit (loss) |
0.00 |
|
Other adjustments for non-cash items |
(7,130.00) |
|
Share of profit and loss from partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Total adjustments for reconcile
profit (loss) |
21,833.00 |
|
Net cash flows from (used in)
operations |
50,975.00 |
|
Dividends received |
0.00 |
|
Interest paid |
0.00 |
|
Interest received |
0.00 |
|
Income taxes paid (refund) |
9,531.00 |
|
Other inflows (outflows) of cash |
0.00 |
|
Net cash flows from (used in)
operating activities |
41,444.00 |
|
Cash flows from used in
investing activities |
|
|
Cash flows from losing control of subsidiaries or other businesses |
0.00 |
|
Cash flows used in obtaining control of subsidiaries or other businesses |
0.00 |
|
Other cash receipts from sales of equity or debt instruments of other
entities |
0.00 |
|
Other cash payments to acquire equity or debt instruments of other entities
|
0.00 |
|
Other cash receipts from sales of interests in joint ventures |
0.00 |
|
Other cash payments to acquire interests in joint ventures |
0.00 |
|
Cash receipts from share of profits of partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Cash payment for investment in partnership firm or association of persons or
limited liability partnerships |
0.00 |
|
Proceeds from sales of property, plant and equipment |
969.00 |
|
Purchase of property, plant and equipment |
13,583.00 |
|
Proceeds from sales of investment property |
0.00 |
|
Purchase of investment property |
0.00 |
|
Proceeds from sales of intangible assets |
0.00 |
|
Purchase of intangible assets |
0.00 |
|
Proceeds from sales of intangible assets under development |
0.00 |
|
Purchase of intangible assets under development |
0.00 |
|
Proceeds from sales of goodwill |
0.00 |
|
Purchase of goodwill |
0.00 |
|
Proceeds from biological assets other than bearer plants |
0.00 |
|
Purchase of biological assets other than bearer plants |
0.00 |
|
Proceeds from government grants |
0.00 |
|
Proceeds from sales of other long-term assets |
0.00 |
|
Purchase of other long-term assets |
0.00 |
|
Cash advances and loans made to other parties |
0.00 |
|
Cash receipts from repayment of advances and loans made to other parties |
0.00 |
|
Cash payments for future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Cash receipts from future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Dividends received |
0.00 |
|
Interest received |
635.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
(10,479.00) |
|
Net cash flows from (used in)
investing activities |
(22,458.00) |
|
Cash flows from used in
financing activities |
|
|
Proceeds from changes in ownership interests in subsidiaries |
0.00 |
|
Payments from changes in ownership interests in subsidiaries |
0.00 |
|
Proceeds from issuing shares |
0.00 |
|
Proceeds from issuing other equity instruments |
0.00 |
|
Payments to acquire or redeem entity's shares |
0.00 |
|
Payments of other equity instruments |
0.00 |
|
Proceeds from exercise of stock options |
0.00 |
|
Proceeds from issuing debentures notes bonds etc |
0.00 |
|
Proceeds from borrowings |
40,000.00 |
|
Repayments of borrowings |
54,509.00 |
|
Payments of lease liabilities |
4,550.00 |
|
Dividends paid |
17,416.00 |
|
Interest paid |
1,353.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
0.00 |
|
Net cash flows from (used in)
financing activities |
(37,828.00) |
|
Net increase (decrease) in cash
and cash equivalents before effect of exchange rate changes |
(18,842.00) |
|
Effect of exchange rate changes
on cash and cash equivalents |
|
|
Effect of exchange rate changes on cash and cash equivalents |
56.00 |
|
Net increase (decrease) in cash
and cash equivalents |
(18,786.00) |
|
Cash and cash equivalents cash flow statement at beginning of period
|
35,729.00 |
|
Cash and cash equivalents cash
flow statement at end of period |
16,943.00 |
Details of Impact of Audit Qualification
Amount in (Lakhs)
| Whether results are audited or unaudited |
Unaudited |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Declaration of unmodified opinion |
| Auditor's opinion |
|
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015:
The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified
opinion for the period on Standalone results |
Yes |
| Sr No. |
Audit firm's name |
Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI |
Certificate valid upto |
| 1 |
Deloitte Haskins and Sells LLP |
Yes |
31-07-2027 |