| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 2,750 | 2,295 | +19.9% |
| EBITDA | 117 | 137 | −14.9% |
| EBITDA margin | 4.2% | 6.0% | −1.7 pts |
| Profit before tax | 51.9 | 94.5 | −45.1% |
| Net profit | 38.2 | 69.9 | −45.3% |
| EPS | ₹1.86 | ₹3.40 | −45.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 32,919 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 403 | 632 | 689 | 449 | 295 | ||
| 737 | 737 | 319 | 235 | 477 | ||
| 33,253 | — | — | — | — | ||
| 12,586 | 11,779 | 11,326 | 8,999 | 7,353 | ||
| — | +4.0% | +25.9% | +22.4% | — | ||
| 655 | 723 | 736 | 582 | 442 | ||
| 5.2% | 6.1% | 6.5% | 6.5% | 6.0% | ||
| 475 | 581 | 639 | 506 | 362 | ||
| 314 | 385 | 485 | 368 | 367 | ||
| 2.5% | 3.3% | 4.3% | 4.1% | 5.0% | ||
| ₹15.25 | ₹18.69 | ₹23.54 | ₹17.84 | ₹17.80 | ||
| — | −20.6% | +31.9% | +0.3% | — | ||
| — | 41.4 | 662 | 247 | 308 | ||
| — | −287 | −258 | −236 | −163 | ||
| −246 | −246 | 404 | 11.1 | 145 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 32,918.8 | |
| - Cash, Equiv & ST Investments | 295.0 | 448.6 | 688.7 | 632.1 | 403.1 | |
| + Total Debt | 477.3 | 235.5 | 318.9 | 737.1 | 737.1 | |
| Enterprise Value | — | — | — | — | 33,252.8 | |
| Revenue | 7,353.1 | 8,998.9 | 11,325.8 | 11,779.2 | 12,586.5 | |
| Growth %, YoY | — | +22.4 | +25.9 | +4.0 | — | |
| EBITDA | 442.5 | 581.7 | 735.7 | 722.7 | 655.4 | |
| Margin % | 6.02 | 6.46 | 6.50 | 6.14 | 5.21 | |
| EBIT | 362.1 | 506.4 | 639.2 | 580.6 | 475.1 | |
| Net Income | 366.6 | 367.5 | 484.9 | 385.1 | 314.2 | |
| Margin % | 4.99 | 4.08 | 4.28 | 3.27 | 2.50 | |
| EPS, Adj (current shares) | 17.80 | 17.84 | 23.54 | 18.69 | 15.25 | |
| Growth %, YoY | — | +0.3 | +31.9 | -20.6 | — | |
| Cash from Operations | 308.1 | 246.8 | 662.2 | 41.4 | — | |
| Capital Expenditures | -163.2 | -235.7 | -258.2 | -287.4 | — | |
| Free Cash Flow | 145.0 | 11.1 | 404.1 | -245.9 | -245.9 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Blue Star (NSE: BLUESTARCO) had a market capitalisation of ₹34,397 crore at the 29 October 2026 close (₹1,673.00 a share), a PE ratio of 109.5 on the last four quarters' profit and a price-to-book ratio of 11.48. In FY26 its standalone net profit was ₹385 crore on revenue of ₹11,779 crore; in Q2 FY27 (July–September 2026) it was ₹38.2 crore, down 45.3% year on year. Its debt-to-equity ratio was 0.21 on 30 September 2026.
Blue Star's PE ratio is 109.5 at the 29 October 2026 close (₹1,673.00 a share): a market capitalisation of ₹34,397 crore divided by standalone net profit of ₹314 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹385 crore) it is 89.3.
Blue Star's net worth — shareholders' equity in its standalone balance sheet — was ₹2,995 crore on 30 September 2026, up 5.0% from ₹2,851 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹34,397 crore at the 29 October 2026 close.
Blue Star's book value per share was ₹145.68 on 30 September 2026: shareholders' equity of ₹2,995 crore divided by the 20.56 crore shares in issue, up 5.0% from ₹138.68 a year earlier. The share price at the 29 October 2026 close was ₹1,673.00.
Blue Star's price-to-book (PB) ratio is 11.48 at the 29 October 2026 close: a market capitalisation of ₹34,397 crore divided by shareholders' equity (book value) of ₹2,995 crore on 30 September 2026. That is a book value of ₹145.68 per share against a share price of ₹1,673.00.
In FY26, Blue Star's return on equity (ROE) was 13.0% and its return on capital employed (ROCE) was 18.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 18.1% and ROCE 22.7%.
Blue Star's dividend yield is 0.51% at the 29 October 2026 close: dividends of ₹8.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,673.00. They were ₹8.50 on 17 July 2026.
Blue Star's market capitalisation was ₹34,397 crore at the 29 October 2026 close: 20.56 crore shares at ₹1,673.00 each.
Blue Star's basic earnings per share (EPS) were ₹18.73 in FY26, against ₹23.58 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹15.28.
In 2026, Blue Star has declared one dividend: ₹8.50 with record date 17 July 2026.
No. Blue Star had borrowings of ₹642 crore on 30 September 2026 (standalone balance sheet), a debt-to-equity ratio of 0.21. Its cash and current investments were ₹444 crore, so its net debt was ₹198 crore.
Blue Star's debt-to-equity ratio was 0.21 on 30 September 2026: borrowings of ₹642 crore against total equity of ₹2,995 crore. A year earlier, on 30 September 2025, it was 0.34.
In FY26, Blue Star generated ₹41.4 crore of cash from operations and spent ₹287 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹246 crore. In FY25 it was ₹404 crore.
Blue Star's latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: standalone net profit ₹38.2 crore, down 45.3% from ₹69.9 crore in Q2 FY26; revenue from operations ₹2,750 crore, up 19.9% year on year.
In FY26 (April 2025–March 2026), Blue Star's standalone net profit was ₹385 crore, down 20.6% from ₹485 crore in FY25, on revenue from operations of ₹11,779 crore (up 4.0%). Over three years, from FY23, net profit was up 5.1%.
Blue Star has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
From Blue Star's own standalone results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Standalone figures from the company's filings with NSE; prices are NSE closing prices.