Blue Star reported Q1 FY27 consolidated revenue up 13.3% to Rs. 3,378 Cr, but PBT declined 23.7% to Rs. 125.6 Cr.

Unitary Products (Segment II) margins compressed to 2.9% (vs 5.8% YoY) due to commodity costs, delayed summer, and schemes to protect market share.

Electro-Mechanical Projects (Segment I) revenue grew 15.1% with strong data center order inflows (Rs. 1,500 Cr), boosting the total order book to Rs. 7,764 Cr.

Management aims to improve Segment II margins to over 6.5% for FY27 through product rejig and cost savings, expecting a bounce-back from Q3. Strong net cash of Rs. 900 Cr and international business scaling (additional USD 100M by FY28) highlight strategic focus.