ManufacturingMarket hours
Blue Star shares drop 5% after guidance cut
market hours1 source ↓written by the desknot a recommendation
- on Tuesday
- 5%
- rise in Q2
- 2.8%
- net profit
- ₹98.8 cr
- revenue increased
- 6.4%
- ₹2,422 cr
Blue Star shares fell 5% on Tuesday, their steepest drop in six months, after the company cut its full-year growth forecast. Despite a 2.8% rise in Q2 net profit to ₹98.8 cr, revenue increased 6.4% to ₹2,422 cr. The revised outlook now projects flat growth, citing weaker festive sales and increased channel inventory. 📉
This guidance cut may dampen investor sentiment, as the company anticipates growth could range from -15% to 0% depending on demand in the final quarter.
Not investment advice. For informational purposes only.