Blue Star Limited · NSE:BLUESTARCO
Blue Star — Q4 FY26 Earnings Presentation
22 slides from Blue Star's earnings presentation, May 7, 2026
Slide 1: Cover letter to stock exchanges for Investors' Presentation
Blue Star Limited Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. T : +91 22 6654 4000 E : secretarialdesk@bluestarindia.com www.bluestarindia.com May 7, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block
Slide 2: Investor Presentation Q4 FY26
Investor Presentation Q4 FY26
Slide 3: Forward Looking Statement
Forward Looking Statement Certain statements in this presentation regarding our business operations may constitute forward- looking statements. These include all statements other than statements of historical facts, including those regarding the financial position, business strategy, management plan
Slide 4: Vision, Credo and Our Values
Our Values VISION CREDO “To dream, to strive, to care “I am Blue Star. I take pride in and, above all to be the best in delivering a world-class everything we do.” customer experience.”
Slide 5: More than 8 Decades – A Growth Journey
More than 8 Decades – A Growth Journey 1943 1947 1969 1993 EBITDA 1997 EBITDA 2005-07 1977 Reve Margin Earnings before Margin Earnings before Started Enters South- Mohan T Advani Listed on Forays into New Setinterest, up worldtaxes, Set up taxes, interest, founds Blue Star Central Air East Asia with
Slide 6: Snapshot
Snapshot Maintains c. 2 million Key end-markets, Air conditioning, Commenced operations in tonnes of air conditioning including Residential, Refrigeration and MEP 1943, with c. 80 years of and refrigeration Commercial, Industrial, solution provider operations in India equipment and Infrastructure. P
Slide 7: Strong governance is the key pillar of Blue Star
Strong governance is the key pillar of Blue Star through out its existence Chairmen Emeriti Ashok M Advani Suneel M Advani Board of Directors Vir S Advani* B Thiagarajan* Mohit Sud* Chairman & Managing Director Executive Director Managing Director Arvind K Singhal Rajiv R Lulla Sunaina Murthy Dinesh
Slide 8: Manufacturing Facilities
Where Cooling Solutions are shaped Manufacturing Facilities Location: Himachal Pradesh 2 Location: Himachal Pradesh 1 Started in: 2011 Started in: 2005 Ahmedabad Started in: 2012 Dadra Started in: 1997 Location: Sri City Started in: 2023 Wada Started in: 2007
Slide 9: Business Overview – Q4 FY26
Business Overview – Q4 FY26
Slide 10: Segment - Electro-Mechanical Projects and Commercial Air Conditioning Systems
Segment 1 - Electro-Mechanical Projects and Commercial Air Conditioning Systems TEXT TEXT Electro-Mechanical Projects: ❑ This quarter saw strong enquiry momentum from Buildings, Data Centers, and Factories, with order bookings growing by 35%. ❑ Rising opportunities in data centers and factories givi
Slide 11: Segment - Unitary Products
Segment 2 - Unitary Products Room Air Conditioner: ❑ Room Air Conditioners business saw a reasonable growth as primary demand picked up in March for summer stocking. ❑ We launched a wide range of new room ACs this quarter in compliance with new BEE norms. The range includes premium flagship series c
Slide 12: Segment - Professional Equipment and Industrial Solutions
Segment 3 - Professional Equipment and Industrial Solutions ❑ Industrial Solutions continue to grow, driven by strong demand in the automotive and steel industries. ❑ Data Security Solutions continued with steady performance driven by demand from BFSI and large enterprises. ❑ The regulatory policy f
Slide 13: Financial Highlights – Q4 & FY26
Financial Highlights– Q4 & FY26
Slide 14: Financial Highlights – Q4FY26
Financial Highlights – Q4FY26 Revenue (₹ cr) EBITDA (₹ cr) 8.0% 4019 4072 7.0% 279 326 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Profit before tax (bei)^ (₹ cr) Earnings per share (EPS)* (₹) 279 11.05 249 9.44 Q4FY25 Q4FY26 Q4FY25 Q4FY26 *Not Annualized ^before share of Profit/(Loss) of JV and exceptional items
Slide 15: Segment Highlights – Q4FY26
Segment Highlights – Q4FY26 Segment 1: Electro- Segment 2: Unitary Segment 3: Professional Mechanical Projects and Products Electronics and Industrial Commercial Air Systems Conditioning Systems Revenue: Grew by 1.1% to Revenue: Grew by 1.3% to Revenue: Down by 7.3% to ₹97 ₹1,990 cr. ₹1,985 cr. cr.
Slide 16: Financial Highlights – FY26
Financial Highlights – FY26 Revenue (₹ cr) EBITDA (₹ cr) 12402 7.3% 7.5% 11968 876 930 FY25 FY26 FY25 FY26 Profit before tax (bei)^ (₹ cr) Earnings per share (EPS) (₹) 774 741 28.76 25.65 FY25 FY26 FY25 FY26 Note: As per the requirement of New Labour Codes and Guidance of ICAI, the company has recog
Slide 17: Segment Highlights – FY26
Segment Highlights – FY26 Electro-Mechanical Unitary Products Professional Electronics Projects and Commercial and Industrial Systems Air Conditioning Systems Revenue: Grew by 12.8% to ₹ Revenue: Down by 5.1% to ₹ Revenue: Down by 12.0% to ₹ 6,763 cr. 5,332 cr. 307 cr. EBIT Margin: Reduced to 7.4% E
Slide 18: Balance Sheet Position – FY26
Balance Sheet Position – FY26 Net Cash Position (₹ cr) Net Worth(₹ cr) 640 3431 3064 175 FY25 FY26 FY25 FY26 Debt Equity Ratio Capital Turns (Times) 0.18 5.2 4.4 0.07 FY25 FY26 FY25 FY26
Slide 19: ESG Practices
ESG Practices
Slide 20: ESG Practices
ESG Practices Environmentally Social Responsibility Governance Responsible Operations & Community Impact Excellence Eco-Conscious Product Innovation Diversity & Inclusion Robust Compliance Framework Focus on energy-efficient and sustainable 16.67 % of female representation in Board; & Code of Conduc
Slide 21: Industry recognition for achievements
Industry recognition for achievements Corporate governance and management Golden Peacock Award Winner of ICSI Best Golden Peacock Award Great Place to Work – for Corporate Governance Governed Company for Risk Management Certified Organization 2019/2020/2021 (Listed: Medium) 2020/2022/2023 2023 2019
Slide 22: Thank You
Thank You