Blue Star Ltd
NSE:BLUESTARCO
Income Statement
Earnings Waterfall
Blue Star Ltd
Revenue
|
90B
INR
|
Cost of Revenue
|
-68.8B
INR
|
Gross Profit
|
21.2B
INR
|
Operating Expenses
|
-16.1B
INR
|
Operating Income
|
5.1B
INR
|
Other Expenses
|
-305.4m
INR
|
Net Income
|
4.8B
INR
|
Income Statement
Blue Star Ltd
Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
25 379
N/A
|
24 734
-3%
|
23 733
-4%
|
22 822
-4%
|
23 026
+1%
|
24 742
+7%
|
26 043
+5%
|
27 316
+5%
|
27 522
+1%
|
29 761
+8%
|
12 168
-59%
|
21 146
+74%
|
30 411
+44%
|
44 247
+45%
|
47 278
+7%
|
46 798
-1%
|
46 853
+0%
|
46 481
-1%
|
46 359
0%
|
48 183
+4%
|
49 853
+3%
|
52 348
+5%
|
53 025
+1%
|
55 198
+4%
|
56 567
+2%
|
53 602
-5%
|
44 108
-18%
|
40 634
-8%
|
39 514
-3%
|
42 636
+8%
|
46 896
+10%
|
50 272
+7%
|
54 095
+8%
|
60 456
+12%
|
69 638
+15%
|
73 003
+5%
|
75 823
+4%
|
79 773
+5%
|
82 330
+3%
|
85 472
+4%
|
90 002
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(19 350)
|
(18 742)
|
(17 781)
|
(17 018)
|
(17 116)
|
(18 579)
|
(19 802)
|
(21 040)
|
(21 190)
|
(22 870)
|
(8 800)
|
(15 143)
|
(21 589)
|
(33 893)
|
(33 888)
|
(33 139)
|
(33 471)
|
(34 973)
|
(33 136)
|
(34 589)
|
(36 188)
|
(39 626)
|
(39 252)
|
(41 546)
|
(42 476)
|
(40 495)
|
(33 128)
|
(30 593)
|
(29 809)
|
(32 958)
|
(35 873)
|
(38 609)
|
(41 901)
|
(47 466)
|
(54 743)
|
(57 296)
|
(59 342)
|
(62 344)
|
(63 592)
|
(65 715)
|
(68 848)
|
|
Gross Profit |
6 029
N/A
|
5 993
-1%
|
5 954
-1%
|
5 806
-2%
|
5 912
+2%
|
6 164
+4%
|
6 241
+1%
|
6 276
+1%
|
6 332
+1%
|
6 640
+5%
|
3 368
-49%
|
6 003
+78%
|
8 822
+47%
|
10 354
+17%
|
13 392
+29%
|
13 661
+2%
|
13 384
-2%
|
11 509
-14%
|
13 223
+15%
|
13 594
+3%
|
13 665
+1%
|
12 723
-7%
|
13 773
+8%
|
13 652
-1%
|
14 091
+3%
|
13 107
-7%
|
10 981
-16%
|
10 042
-9%
|
9 706
-3%
|
9 678
0%
|
11 022
+14%
|
11 663
+6%
|
12 194
+5%
|
12 990
+7%
|
14 896
+15%
|
15 707
+5%
|
16 481
+5%
|
17 430
+6%
|
18 738
+8%
|
19 757
+5%
|
21 153
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3 925)
|
(3 946)
|
(3 869)
|
(3 772)
|
(3 856)
|
(3 995)
|
(4 130)
|
(4 269)
|
(4 460)
|
(4 662)
|
(2 738)
|
(5 118)
|
(7 741)
|
(8 678)
|
(11 422)
|
(11 615)
|
(11 282)
|
(9 390)
|
(10 978)
|
(11 269)
|
(11 351)
|
(9 832)
|
(11 318)
|
(11 088)
|
(11 421)
|
(10 945)
|
(10 172)
|
(9 409)
|
(8 863)
|
(8 060)
|
(9 131)
|
(9 613)
|
(10 020)
|
(10 310)
|
(11 501)
|
(12 204)
|
(12 767)
|
(13 210)
|
(14 448)
|
(15 082)
|
(16 051)
|
|
Selling, General & Administrative |
(1 771)
|
(1 823)
|
(1 808)
|
(1 860)
|
(1 849)
|
(1 849)
|
(1 858)
|
(1 892)
|
(1 982)
|
(2 151)
|
(763)
|
(1 625)
|
(2 490)
|
(7 904)
|
(3 511)
|
(3 651)
|
(3 800)
|
(8 390)
|
(4 093)
|
(4 149)
|
(4 201)
|
(8 852)
|
(4 363)
|
(4 500)
|
(4 694)
|
(9 898)
|
(4 397)
|
(4 110)
|
(3 895)
|
(7 075)
|
(4 278)
|
(4 589)
|
(4 797)
|
(9 149)
|
(5 276)
|
(5 479)
|
(5 672)
|
(11 938)
|
(6 177)
|
(6 488)
|
(6 895)
|
|
Depreciation & Amortization |
(250)
|
(259)
|
(264)
|
(310)
|
(328)
|
(348)
|
(362)
|
(334)
|
(326)
|
(319)
|
(135)
|
(285)
|
(440)
|
(554)
|
(596)
|
(604)
|
(621)
|
(613)
|
(674)
|
(685)
|
(696)
|
(705)
|
(792)
|
(839)
|
(879)
|
(839)
|
(885)
|
(875)
|
(911)
|
(885)
|
(915)
|
(913)
|
(879)
|
(851)
|
(880)
|
(921)
|
(852)
|
(840)
|
(856)
|
(841)
|
(920)
|
|
Other Operating Expenses |
(1 905)
|
(1 865)
|
(1 797)
|
(1 602)
|
(1 681)
|
(1 800)
|
(1 912)
|
(2 043)
|
(2 152)
|
(2 192)
|
(1 840)
|
(3 208)
|
(4 812)
|
(219)
|
(7 316)
|
(7 361)
|
(6 862)
|
(387)
|
(6 212)
|
(6 435)
|
(6 454)
|
(275)
|
(6 164)
|
(5 751)
|
(5 849)
|
(208)
|
(4 890)
|
(4 423)
|
(4 056)
|
(99)
|
(3 937)
|
(4 111)
|
(4 344)
|
(310)
|
(5 346)
|
(5 805)
|
(6 245)
|
(431)
|
(7 416)
|
(7 753)
|
(8 237)
|
|
Operating Income |
2 104
N/A
|
2 046
-3%
|
2 084
+2%
|
2 033
-2%
|
2 055
+1%
|
2 169
+6%
|
2 112
-3%
|
2 008
-5%
|
1 874
-7%
|
2 231
+19%
|
630
-72%
|
886
+41%
|
1 082
+22%
|
1 676
+55%
|
1 970
+18%
|
2 046
+4%
|
2 102
+3%
|
2 119
+1%
|
2 247
+6%
|
2 326
+4%
|
2 315
0%
|
2 890
+25%
|
2 455
-15%
|
2 563
+4%
|
2 669
+4%
|
2 162
-19%
|
808
-63%
|
634
-22%
|
844
+33%
|
1 618
+92%
|
1 894
+17%
|
2 052
+8%
|
2 176
+6%
|
2 680
+23%
|
3 396
+27%
|
3 504
+3%
|
3 715
+6%
|
4 220
+14%
|
4 290
+2%
|
4 675
+9%
|
5 102
+9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(75)
|
(109)
|
(104)
|
(94)
|
23
|
21
|
20
|
(59)
|
(206)
|
(256)
|
(92)
|
(180)
|
(265)
|
(143)
|
(298)
|
(257)
|
(232)
|
(181)
|
(318)
|
(360)
|
(358)
|
(343)
|
(309)
|
(288)
|
(306)
|
(278)
|
(398)
|
(509)
|
(582)
|
(198)
|
(569)
|
(502)
|
(469)
|
(292)
|
(463)
|
(472)
|
(495)
|
(366)
|
(608)
|
(663)
|
(626)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(27)
|
(99)
|
(125)
|
(125)
|
(115)
|
(59)
|
(40)
|
(41)
|
(24)
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
47
|
205
|
205
|
205
|
136
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
1 639
|
0
|
0
|
0
|
|
Total Other Income |
478
|
444
|
434
|
516
|
534
|
576
|
613
|
721
|
759
|
338
|
112
|
210
|
256
|
60
|
284
|
219
|
195
|
(29)
|
73
|
61
|
70
|
(47)
|
300
|
385
|
415
|
218
|
317
|
270
|
287
|
31
|
615
|
637
|
693
|
116
|
383
|
388
|
306
|
61
|
2 006
|
2 049
|
2 125
|
|
Pre-Tax Income |
2 507
N/A
|
2 381
-5%
|
2 414
+1%
|
2 454
+2%
|
2 612
+6%
|
2 767
+6%
|
2 745
-1%
|
2 670
-3%
|
2 426
-9%
|
2 312
-5%
|
649
-72%
|
915
+41%
|
1 072
+17%
|
1 586
+48%
|
1 956
+23%
|
2 008
+3%
|
2 065
+3%
|
1 956
-5%
|
2 207
+13%
|
2 206
0%
|
2 134
-3%
|
2 511
+18%
|
2 321
-8%
|
2 544
+10%
|
2 719
+7%
|
2 060
-24%
|
685
-67%
|
370
-46%
|
541
+46%
|
1 452
+168%
|
1 940
+34%
|
2 187
+13%
|
2 399
+10%
|
2 498
+4%
|
3 316
+33%
|
3 420
+3%
|
3 524
+3%
|
5 554
+58%
|
5 687
+2%
|
6 062
+7%
|
6 601
+9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(668)
|
(579)
|
(564)
|
(558)
|
(614)
|
(651)
|
(670)
|
(703)
|
(659)
|
(728)
|
(145)
|
(218)
|
(233)
|
(367)
|
(480)
|
(502)
|
(545)
|
(494)
|
(560)
|
(543)
|
(495)
|
(420)
|
(420)
|
(511)
|
(621)
|
(653)
|
(234)
|
(139)
|
(149)
|
(471)
|
(631)
|
(717)
|
(815)
|
(829)
|
(1 027)
|
(1 016)
|
(1 004)
|
(1 547)
|
(1 586)
|
(1 679)
|
(1 803)
|
|
Income from Continuing Operations |
1 840
|
1 803
|
1 851
|
1 895
|
1 996
|
2 114
|
2 074
|
1 966
|
1 767
|
1 584
|
504
|
697
|
839
|
1 220
|
1 476
|
1 506
|
1 520
|
1 462
|
1 646
|
1 662
|
1 638
|
2 092
|
1 901
|
2 034
|
2 099
|
1 407
|
453
|
231
|
393
|
981
|
1 309
|
1 471
|
1 584
|
1 669
|
2 288
|
2 403
|
2 519
|
4 007
|
4 102
|
4 382
|
4 799
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(5)
|
(6)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
17
|
21
|
13
|
4
|
3
|
(22)
|
(19)
|
(49)
|
(97)
|
(217)
|
(188)
|
(144)
|
(93)
|
49
|
30
|
20
|
15
|
23
|
26
|
21
|
19
|
14
|
11
|
8
|
5
|
(3)
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
1 840
N/A
|
1 803
-2%
|
1 851
+3%
|
1 895
+2%
|
1 996
+5%
|
2 114
+6%
|
2 074
-2%
|
1 966
-5%
|
1 767
-10%
|
1 610
-9%
|
514
-68%
|
714
+39%
|
859
+20%
|
1 230
+43%
|
1 479
+20%
|
1 506
+2%
|
1 495
-1%
|
1 440
-4%
|
1 594
+11%
|
1 563
-2%
|
1 420
-9%
|
1 901
+34%
|
1 754
-8%
|
1 937
+10%
|
2 142
+11%
|
1 433
-33%
|
467
-67%
|
241
-48%
|
412
+71%
|
1 004
+144%
|
1 327
+32%
|
1 488
+12%
|
1 596
+7%
|
1 677
+5%
|
2 294
+37%
|
2 406
+5%
|
2 515
+5%
|
4 005
+59%
|
4 096
+2%
|
4 377
+7%
|
4 797
+10%
|
|
EPS (Diluted) |
20.46
N/A
|
20.05
-2%
|
20.58
+3%
|
20.82
+1%
|
22.17
+6%
|
23.48
+6%
|
23.06
-2%
|
21.84
-5%
|
19.65
-10%
|
17.5
-11%
|
5.37
-69%
|
7.51
+40%
|
8.94
+19%
|
12.81
+43%
|
15.42
+20%
|
15.69
+2%
|
16.98
+8%
|
14.98
-12%
|
16.6
+11%
|
16.28
-2%
|
14.79
-9%
|
19.8
+34%
|
18.27
-8%
|
20.17
+10%
|
22.31
+11%
|
14.92
-33%
|
4.85
-67%
|
2.5
-48%
|
4.28
+71%
|
10.45
+144%
|
13.82
+32%
|
15.5
+12%
|
16.62
+7%
|
17.46
+5%
|
23.89
+37%
|
25.06
+5%
|
26.19
+5%
|
20.79
-21%
|
21.27
+2%
|
22.6
+6%
|
23.36
+3%
|