Blue Star Limited Reports Q4 FY26 and FY26 Financial Highlights

Blue Star Limited Reports Q4 FY26 and FY26 Financial Highlights​

Blue Star Limited has released its investor update detailing financial results for the fourth quarter and the full financial year ended March 31, 2026. The company noted that while FY26 faced headwinds affecting revenue and profitability, demand for Room Air Conditioners improved towards the end of the year, leading to the highest quarterly revenue in Q4 FY26.

Financial Performance Snapshot​

The financial highlights for the quarter ended March 31, 2026, on a consolidated basis, showed growth in key metrics compared to Q4 FY25.


For the full year ended March 31, 2026, the company reported the following consolidated figures:


The Board of Directors recommended a dividend of Rs. 8.5 per share, compared to Rs. 9 per share in FY25. Other significant year-end figures include a growth of the carried-forward order book to Rs. 6,923.00 cr and an increase in capital employed to Rs. 3,258.41 cr as of March 31, 2026.

Business Segment Performance​

The company's operational performance was analyzed across three segments:

Segment I: Electro-Mechanical Projects & Commercial Air Conditioning Systems
This segment saw its revenue grow 1.1% in Q4 FY26 to Rs 1,989.92 cr (up from Rs 1,968.17 cr in Q4 FY25). For the full year, segment revenue grew 12.8% to Rs 6,762.80 cr. Order inflow in the current quarter was higher by 35.7% compared to Q4 FY25. The Electro-Mechanical Projects business saw strong enquiry momentum from Buildings, Data Centers, and Factories, with bookings growing 35% in Q4 FY26.

Segment II: Unitary Products
Revenue for the quarter grew 1.3% in Q4 FY26 to Rs 1,984.96 cr, compared to Rs 1,960.23 cr in Q4 FY25. Year-to-date revenue de-grew by 5.1% to Rs 5,332.36 cr in FY26 (versus Rs 5,621.11 cr in FY25). The Room Air Conditioner business benefited from primary demand picking up in March and increased stock-ups across regions. The segment margins improved in Q4 FY26 to 10.4% from 8.4% in Q4 FY25.

Segment III: Professional Electronics and Industrial Systems
Segment III revenue rose 7.3% in Q4 FY26 to Rs 97.18 cr, up from Rs 90.56 cr in Q4 FY25. For the year, segment revenue de-grew by 12.0% to Rs 306.83 crores (compared to Rs 348.55 crores in FY25). The Industrial Solutions business maintained steady growth, driven by strong demand in the automotive and steel industries, while the Data Security Solutions business kept its performance stable.

Business Outlook​

The secondary sales of Room Air Conditioners have picked up momentum from the second week of April 2026. The Electro-Mechanical Projects and Commercial Air Conditioning business segment is expected to maintain growth momentum, fueled by demand from manufacturing and data center sectors. The company noted that rising input costs and volatile exchange rates present ongoing challenges for margin management.

BLUESTARCO Stock Price Movement​

As of 12:02 PM, shares of Blue Star Limited are shedding 2.13% in live trading, currently trading at ₹1768.2. The stock sees significant intraday action, with 792,907 shares traded to date as the equity navigates its day's range.