Blue Star board to consider proposal for issuance of bonus shares on May 4

The company is scheduled to announce its earnings for the March quarter on Thursday

BS Web Team

2 min read

Last Updated :

May 01 2023 | 6:43 PM

IST

Listen to This Article

Your browser does not support the audio element.

Air conditioning and commercial refrigeration firm Blue Star Ltd is planning to consider a proposal for the issuance of bonus shares, said the company in a regulatory filing. The decision will be taken in the board meeting to be held on May 4, 2023.

The company is scheduled to announce its earnings for the March quarter on Thursday.

The company, on Monday, said in a regulatory filing, “Further to our letter dated March 27, 2023, with respect to the intimation of the date of the Board Meeting scheduled to be held on Thursday, May 4, 2023, we hereby inform you that the Board of Directors in the said meeting would also consider the proposal for issuance of Bonus Shares to the shareholders of the Company.”

On April 28, the stock ended up nearly 0.53% higher at Rs 1,476.90 on the BSE.

On 31 January 2023, Blue Star Ltd reported a 22.79 per cent rise in consolidated net profit at Rs 58.41 crore in the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 47.57 crore in the same quarter last fiscal, it said in a regulatory filing.

Consolidated revenue from operations during the quarter under review stood at Rs 1,788.2 crore as against Rs 1,506.22 crore in the year-ago period, it added. Total expenses in the reported quarter were higher at Rs 1,712.96 crore as compared to Rs 1,449.64 crore in the corresponding period last fiscal.

Also Read

Twitter removes legacy blue ticks for thousands; all you need to know

Twitter Blue ‘verification’ rolled out in India, to cost Rs 719 per month

Have a Twitter blue tick? Buy a Blue subscription or lose it from April 1

Twitter Blue plans announced in India: Pay Rs 900 per month for blue tick

To pay or not to pay: Media cos split over buying $1,000 Twitter blue tick

Stagflation is the risk that eludes investors mispricing financial markets

Currencies in limbo amid Labour Day holiday in most Asian markets

Stock markets: BSE, NSE to remain closed on account of Maharashtra Day

Street signs: Sell in May and go away, expiry of pre-IPO lock-ins & more

India beats global pack on strong FPI flows in April, shows data

Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew by 20.51 per cent to Rs 1,000.09 crore in the third quarter of FY23 compared to Rs 829.85 crore in FY22, the company said.

First Published: May 01 2023 | 6:43 PM IST

• In this section

• All

• read

• shared

• commented

Read More