Friday, July 29, 2005

Blue Star reports 40% rise in profit

Blue Star a leading brand in the fmcg sector has reported a 40% growth in net profit to Rs50.5mn with the total income of Rs2.30bn for the quarter ended June 30, 2005 representing a growth of 29% over the corresponding period last year. Earnings Per Share increased to Rs2.80 from Rs2.01. New order inflow grew a significant 41% to Rs3.36bn. Blue Star has bagged several orders during the quarter including orders from big brands like RMZ Infinity, Bangalore; Nicholas Piramal, Baddi; Merryl Lynch, Mumbai; Wipro, Gurgaon; E-City, Lucknow; Tech Park One, Pune; IIT, Chennai; Mastek, Mumbai & Pune; Hewlett Packard India, Mumbai & Bangalore; Amity University, Lucknow; Airtel, Bangalore and Marina Mansion, Dubai. It may be recalled that Blue Star had reported a net profit of Rs391.6mn on a total income of Rs9.30bn for the year ended March 31, 2005. The brand continued its trend of attractive dividends by declaring a dividend of 100%.