Blue Star robust quarterly earnings

Blue Star gained 1.71% to Rs 458 at 14:41 IST on BSE after posting 107% surge in net profit to Rs 70.36 crore on 35.97% increase in total income to Rs 744.19 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 478.80 and a low of Rs 444.10 so far during the day. The stock had a 52-week high of Rs 548.25 on 4 January 2008 and the stock hit a 52-week low of Rs 210.80 on 22 May 2007.

The company’s current equity is Rs 17.99 crore. Face value per share is Rs 2.

The current price of Rs 458 discounts its Q3 December 2007 annualised EPS of Rs 15.76, by a PE multiple of 29.06.

Blue Star’s net profit rose 144.58% to Rs 174.09 crore on 41.23% increase in net sales to Rs 2270.09 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).

In February 2008, Blue Star completed the acquisition Naseer Electricals, a Bangalore based electrical contracting firm, for up to Rs 42 crore.

Blue Star's major products includes packaged air-conditioning, industrial packaged chillers, shell and tube condensers and coolers, air handling units, finned condensers and evaporators.