Blue Star - UCP Performance Strong, Project Execution Disappoints In Q3: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Blue Star Ltd.’s Q3 FY21 revenue was 7% below our estimate, with the miss attributable to electro mechanical projects and services segment.

Operating profit stood higher than our estimate on better sales mix and continuation of cost rationalization measures.

Net borrowing reduced by Rs 2.1 billion to Rs 1.3 billion (versus Rs 3.4 billion in H1 FY21 and Rs 1.3 billion in nine-months FY20).

The company continues to maintain higher liquidity in uncertain times as gross debt stood at Rs 5.9 billion.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.