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Air conditioner maker Blue Star has reported a 37.82 per cent increase in consolidated net profit at ₹ 51.23 crore for the fourth quarter ended March 2018. The company had registered a net profit of ₹ 37.17 crore in the January-March period a year ago.
Its total income during the quarter stood at ₹ 1,479.70 crore. It was₹1,388.61 crore in the same quarter of the preceding fiscal, Blue Star said in a BSE filing.
Blue Star said revenues from operations for the quarter and year ended March 31, 2018, are not comparable with those of previous periods due to GST implementation with effect from July 1, 2017, which replaced excise duty and other input taxes.
Revenue from operations for the quarter under review reported is net 0f GST.
In a separate filing, Blue Star said the board of directors of the company has recommended a dividend of ₹ 8.50 per equity share. In addition, to commemorate the company’s platinum jubilee in 2018, the directors have recommended a special dividend of ₹ 1.50 per equity share.
Shares of Blue Star today settled 2.16 per cent lower at ₹767.75 apiece on the BSE.
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