Delhi: Blue Star Ltd, a central air-conditioning and
commercial refrigeration major, has reported a total income
of Rs 142.48 crore for the quarter ended 30 June 2003,
a year-on-year growth of 24 per cent.
company''s net profit increased to Rs 2.65 crore from Rs
2.35 crore in the previous year.
Blue Star chairman and chief executive Ashok M Advani:
"We are back on the growth path, and the macroeconomic
conditions are generally favourable. The new order inflow
has grown by 29 per cent during the quarter ended 30 June
2003, and I expect the trend to continue. Blue Star will
be completing 60 years in September 2003, and I am optimistic
about the outlook for our diamond jubilee year."
Star has declared a special diamond jubilee dividend of
25 per cent in addition to the normal dividend of 65 per
cent, making a total of 90 per cent.
company had reported a net profit of Rs 31.04 crore for
the year ended 31 March 2003 on a total income of Rs 601.06