Blue Star shares declined sharply after Managing Director B. Thiagarajan said the company now expects flat revenue growth for the year, with potential downside of up to 15%, following weaker festive demand and high inventory levels. (Photo: Blue star) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Blue Star shares fell 5% on Tuesday, marking their steepest intraday drop in six months, after the company reduced its full-year growth forecast despite posting steady second-quarter earnings.

The company reported a 2.8% year-on-year increase in consolidated net profit to Rs 98.8 crore in the September quarter, compared with Rs 96.1 crore a year earlier. Revenue rose 6.4% to Rs 2,422 crore from Rs 2,276 crore, while Ebitda grew 22.8% to Rs 183 crore. The operating margin improv

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