Blue Star Limited

rs,

January 30, 2025 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G

rs1

rengthen presence in USA, Europe 7 manufacturing facilities in India1 with ~ 4000 Channel Partners1 Maintains c. 2 million tonnes of air conditioning and refrigeration equipment R&D After-sales M

2 million

n USA, Europe 7 manufacturing facilities in India1 with ~ 4000 Channel Partners1 Maintains c. 2 million tonnes of air conditioning and refrigeration equipment R&D After-sales Manufacturing Integrat

₹5,146 crore

 Muted demand from commercial real estate and infrastructure.  Carried-forward order book at ₹5,146 crores as of December 31, 2024 (growth of 10.7%).  After is service business sales maintaining ~2.5 co

10.7%

d infrastructure.  Carried-forward order book at ₹5,146 crores as of December 31, 2024 (growth of 10.7%).  After is service business sales maintaining ~2.5 contracts million tonnes of air conditioning

14%

oom Air Conditioner:  Room AC business achieved remarkable growth, with quarterly market share of 14%.  Addressing supply sustained demand. chain challenges for  Blue Star available in ~10200 ou

rs. 12

wth levers in quick commerce and food delivery markets, especially Modular Cold Rooms and Visi Coolers. 12 Professional Equipment & Industrial Solutions  This quarter, our Industrial Solutioning business

25%

al. 13 Financial Performance 14 Financial Performance - Q3 FY 2025 Revenue (₹ cr) 2807 2241 25% EBITDA (₹ cr) 209 155 35% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 15 Financial Performance - Q3 F

35%

14 Financial Performance - Q3 FY 2025 Revenue (₹ cr) 2807 2241 25% EBITDA (₹ cr) 209 155 35% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 15 Financial Performance - Q3 FY 2025 PBT^ (₹ cr) 179 134

33%

Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 15 Financial Performance - Q3 FY 2025 PBT^ (₹ cr) 179 134 33% EPS* (₹) 6.44 4.89 32% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 * Not Annualised ^ PBT after except

32%

Q3 FY25 15 Financial Performance - Q3 FY 2025 PBT^ (₹ cr) 179 134 33% EPS* (₹) 6.44 4.89 32% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 * Not Annualised ^ PBT after exceptional items 16 Segment Re

5%

Not Annualised ^ PBT after exceptional items 16 Segment Revenue Composition – Q3 FY25 Segment 3 5% Segment 2 43% Segment 2 41% Segment 1 52% Segment 3 3% Segment 1 56% REVENUE – Q3 FY24 REVEN

After Sales Service

1

Commercial Air Conditioning Systems

1

Room Air Conditioner

1

Commercial Refrigeration

1

After Sales Service

 Good progress in order finalizations from factories and data centers.  Muted demand from commercial real estate and infrastructure.  Carried-forward order book at ₹5,146 crores as of December 31, 2024 (growth of 10.7%).  After is service business sales maintaining ~2.5 contracts million tonnes of air conditioning and refrigeration equipment. for  Currently serving ~4000 towns with more than 2 million service calls a year.

Commercial Air Conditioning Systems

International Business  Reasonable manufacturing, auditoriums. growth education, driven retail, by and  Leadership in Ducted System segment, and Chiller strong position in VRF categories. of decarbonization  Development new products targeting and energy efficiency for key OEMs in Europe is progressing well. and North America 11 Unitary Products

Room Air Conditioner

 Room AC business achieved remarkable growth, with quarterly market share of 14%.  Addressing supply sustained demand. chain challenges for  Blue Star available in ~10200 outlets across India.

Commercial Refrigeration

 Regulatory issues in key products like Deep Freezers and Storage Water Coolers are behind us, now focusing on upcoming summer season.  Strong growth levers in quick commerce and food delivery markets, especially Modular Cold Rooms and Visi Coolers. 12 Professional Equipment & Industrial Solutions  This quarter, our Industrial Solutioning business continued to demonstrate strong momentum and growth.  The Med-Tech and Data Security segments experienced sluggishness in order finalizations.  The customer experience centers for industrial solutions in Thane, Chennai, and Pune are gradually becoming operational. 13 Financial Performance 14 Financial Performance - Q3 FY 2025 Revenue (₹ cr) 2807 2241 25% EBITDA (₹ cr) 209 155 35% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 15 Financial Performance - Q3 FY 2025 PBT^ (₹ cr) 179 134 33% EPS* (₹) 6.44 4.89 32% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 * Not Annualised ^ PBT after exceptional items 16 Segment Revenue Composition – Q3 FY25 Segment 3 5% Segment 2 43