Blue Star Limited

rs,

aldesk@bluestarindia.com www.bluestarindia.com May 7, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G

2 million

ion provider Commenced operations in 1943, with c. 80 years of operations in India Maintains c. 2 million tonnes of air conditioning and refrigeration equipment Key end-markets, including Residential,

35%

ng enquiry momentum from Buildings, Data Centers, and Factories, with order bookings growing by 35%. ❑ Rising opportunities in data centers and factories giving confidence of continued growth pros

7.0%

al Highlights– Q4 & FY26 Financial Highlights – Q4FY26 Revenue (₹ cr) EBITDA (₹ cr) 4019 4072 7.0% 279 8.0% 326 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Profit before tax (bei)^ (₹ cr) Earnings per shar

8.0%

ts– Q4 & FY26 Financial Highlights – Q4FY26 Revenue (₹ cr) EBITDA (₹ cr) 4019 4072 7.0% 279 8.0% 326 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Profit before tax (bei)^ (₹ cr) Earnings per share (EPS)* (₹

1.1%

Segment 1: Electro- Mechanical Projects and Commercial Air Conditioning Systems Revenue: Grew by 1.1% to ₹1,990 cr. EBIT Margin: Contracted to 6.5% from 7.6% Segment 2: Unitary Products Revenue:

₹1,990

1: Electro- Mechanical Projects and Commercial Air Conditioning Systems Revenue: Grew by 1.1% to ₹1,990 cr. EBIT Margin: Contracted to 6.5% from 7.6% Segment 2: Unitary Products Revenue: Grew by 1.3%

6.5%

mercial Air Conditioning Systems Revenue: Grew by 1.1% to ₹1,990 cr. EBIT Margin: Contracted to 6.5% from 7.6% Segment 2: Unitary Products Revenue: Grew by 1.3% to ₹1,985 cr. EBIT Margin: Improve

7.6%

r Conditioning Systems Revenue: Grew by 1.1% to ₹1,990 cr. EBIT Margin: Contracted to 6.5% from 7.6% Segment 2: Unitary Products Revenue: Grew by 1.3% to ₹1,985 cr. EBIT Margin: Improved to 10.4

1.3%

990 cr. EBIT Margin: Contracted to 6.5% from 7.6% Segment 2: Unitary Products Revenue: Grew by 1.3% to ₹1,985 cr. EBIT Margin: Improved to 10.4% from 8.4% Segment 3: Professional Electronics and

₹1,985

EBIT Margin: Contracted to 6.5% from 7.6% Segment 2: Unitary Products Revenue: Grew by 1.3% to ₹1,985 cr. EBIT Margin: Improved to 10.4% from 8.4% Segment 3: Professional Electronics and Industrial

10.4%

7.6% Segment 2: Unitary Products Revenue: Grew by 1.3% to ₹1,985 cr. EBIT Margin: Improved to 10.4% from 8.4% Segment 3: Professional Electronics and Industrial Systems Revenue: Down by 7.3% to ₹

“Financial Highlights– Q4 & FY26 Financial Highlights – Q4FY26 Revenue (₹ cr) EBITDA (₹ cr) 4019 4072 7.0% 279 8.0% 326 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Profit before tax (bei)^ (₹ cr) Earnings per share (EPS)* (₹) 249 279 9.44 11.05 Q4FY25 Q4FY26 Q4FY25 Q4FY26 *Not Annualized ^before share of Profit/(Loss) of JV and exceptional items Segment Highlights – Q4FY26 Segment 1: Electro- Mechanical Projects and Commercial Air Conditioning Systems Revenue: Grew by 1.1% to ₹1,990 cr.”

“EBIT Margin: Improved to 14.7% from 9.7% Financial Highlights – FY26 Revenue (₹ cr) EBITDA (₹ cr) 11968 12402 FY25 FY26 7.3% 876 FY25 7.5% 930 FY26 Profit before tax (bei)^ (₹ cr) Earnings per share (EPS) (₹) 774 741 28.76 25.65 FY25 FY26 FY25 FY26 Note: As per the requirement of New Labour Codes and Guidance of ICAI, the company has recognized an exceptional one-time impact of ₹38 crore towards Gratuity and Leave Encashment in FY26.”

“^before share of Profit/(Loss) of JV and exceptional items Segment Highlights – FY26 Electro-Mechanical Projects and Commercial Air Conditioning Systems Unitary Products Professional Electronics and Industrial Systems Revenue: Grew by 12.8% to ₹ 6,763 cr.”

Electro-Mechanical Projects

1

Commercial Air Conditioning Systems

1

International Business

1

Room Air Conditioner

1

Commercial Refrigeration

1

Electro-Mechanical Projects

❑ This quarter saw strong enquiry momentum from Buildings, Data Centers, and Factories, with order bookings growing by 35%. ❑ Rising opportunities in data centers and factories giving confidence of continued growth prospects.

Commercial Air Conditioning Systems

❑ Order inflow gained momentum during the quarter, supported by demand from government, industrial and retail segments.

International Business

❑ Despite tariff-related uncertainties, company’s expansion in US is progressing well and supplies to Europe have also commenced. the Segment 2 - Unitary Products

Room Air Conditioner

❑ Room Air Conditioners business saw a reasonable growth as primary demand picked up in March for summer stocking. ❑ We launched a wide range of new room ACs this quarter in compliance with new BEE norms. The range includes premium flagship series covering all consumer segments and price points.

Commercial Refrigeration

❑ The market for deep freezers and cold rooms remained stagnant; however, storage water coolers witnessed double-digit growth. Segment 3 - Professional Equipment and Industrial Solutions ❑ Industrial Solutions continue to grow, driven by strong demand in the automotive and steel industries. ❑ Data Security Solutions continued with steady performance driven by demand from BFSI and large enterprises. ❑ The regulatory policy framework for the Med-Tech Solutions business still remains unclear, consequently the business has slowed down. Financial Highlights– Q4 & FY26 Financial Highlights – Q4FY26 Revenue (₹ cr) EBITDA (₹ cr) 4019 4072 7.0% 279 8.0% 326 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Profit before tax (bei)^ (₹ cr) Earnings per share (EPS)* (₹) 249 279 9.44 11.05 Q4FY25 Q4FY26 Q4FY25 Q4FY26 *Not Annualized ^before share of Profit/(Loss) of JV and exceptional items Segment Highlights – Q4FY26 Segment 1: Electro- Mechanical Projects and Commercial Air Conditioning Systems Revenue: Grew by 1.1% t