Air conditioning and commercial refrigeration major Blue Star today reported 3.43 percent increase in profit at Rs 7.52 crore for the second quarterended September 30, 2013.
The company had posted a profit of Rs 7.27 crore in the same period of previous fiscal, Blue Star said in a statement. Total operating income of the company stood at Rs 584.98 crore in the July-September quarter, compared to Rs 578.60 crore during the same period of previous fiscal.
The company said depreciation of the Indian rupee coupled with the slow business environment has put pressure on revenues and margins.
Despite this, the company managed to maintain its financial performance by widening its distribution reach as well as localisation, strict cost control and prudent cash flow management. Commenting on the future outlook, it said: "The company expects to sustain this performance for the balance half of the year".
In the first half of the fiscal, company's net profit increased to Rs 30.29 crore as against Rs 27.81 crore in the year-ago period.
Shares of the company closed at Rs 149.10, down 0.17 percent from previous close on the BSE.
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