Bluestar - Q2 FY13 Results First Cut - Microsec

Bluestar Ltd, announced its Q2FY13 on 19th October, 2012.

The company arrived at standalone net sales of INR573.46 crore, which down up by 4.22% on YoY basis. On QoQ basis, the sales decreased by 20.70%, mainly because cyclical drop of 49.50% in cooling products segment. The EMP segment which contributes ~65% to the overall revenue, gave muted growth of 2.40% on QoQ basis and 3.71% on YoY basis.

The EBITDA for the quarter was INR20.15 crore, which was down by 39.90% on QoQ basis, but has turned positive from negative operating earnings of INR5.8 crore on YoY basis. The EBITDA Margin improved on YoY basis from negative 0.96% to 3.48%. The net profit arrived at INR7.27crore, which was down by 65% on QoQ basis, but has improved significantly on YoY basis from a net loss of INR20.8 crore.

Source : Equity Bulls

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