BENGALURU, May 4 (Reuters) – Indian air conditioner maker Blue Star Ltd (BLUS.NS) mentioned on Thursday that its fourth-quarter revenue almost tripled, as an early summer season and hovering temperatures spurred AC gross sales.

Consolidated web revenue rose to 2.25 billion rupees ($27.5 million) within the quarter ended March 31, from 761.6 million rupees a yr earlier. Total income from operations rose 16.4% to 26.24 billion rupees.

Blue Star additionally mentioned it should problem one bonus share for each share held.

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WHY IT MATTERS

Blue Star’s order inflows have risen almost 71% over the previous two years after a revamp of its product portfolio and its enlargement within the railway electrifications sector.

The Indian air-conditioning business has additionally gained considerably from the early arrival of summer season this yr. Room AC gross sales noticed a pointy uptick in March amid wholesome client sentiment. Rising infrastructure growth within the nation may drive up demand for cooling home equipment even additional, in response to business watchers.

PEER COMPARISON

* The imply of analyst scores standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the inventory’s final near analysts’ imply value goal; a ratio above 1 means the inventory is buying and selling above the PT

JAN-MARCH STOCK PERFORMANCE

— All knowledge from Refinitiv

— $1 = 81.7420 Indian rupees

Reporting by Priya Sagar in Bengaluru; Editing by Savio D’Souza

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