Blue Star: Long road ahead
Blue Star's net sales grew by 3 per cent year-on-year, primarily driven by an 8 per cent growth in the EMP segment (66 per cent of total revenue). The order book declined 25 per cent y-o-y to Rs 1,630 crore as order inflows continued to remain elusive, while the company remained cautious in bidding for new contracts to safeguard its margin profile. The management remains cautious on growth prospects ahead.
