• Bluestar's 3QFY20 saw subdued profitability though revenue performance. Net sales up by 6.64% on YoY. A spurt in advertisement spend during festive season.
• The increased the quoted unallocated expenses on account of office renovation and pricing pressure in the Refrigeration and Air Conditioning (RAC) business contributed to more than expected cost inflation.
• The company saw reduced order inflow on account of slowing real estate and infrastructure projects (government led). The value of stock the stock at 35x FY22 EPS, Electro-Magnetic Pulse(EMP) at 15x, and professional electronics at 15x)'
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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