BENGALURU (Reuters) - Indian air-conditioner (AC) maker Blue Star's fourth-quarter adjusted profit jumped more than 46% on Thursday, buoyed by heavy demand for its ACs as consumers prepared for a hotter-than-usual summer.


India is currently experiencing a blistering summer, which has driven up sales of products such as ACs and coolers.

In March, Blue Star said it launched dozens of new home AC products, targeting a 25% jump in revenue from that business this summer, compared with a 5% rise last year.

Peer Havells India also posted a higher quarterly profit on strong demand for room ACs and fans. Voltas is expected to release its results next week.


Mumbai-based Blue Star's consolidated profit before exceptional items and tax jumped to 2.14 billion rupees ($25.6 million) in the quarter, from 1.46 billion rupees a year ago.

Its net profit, however, fell nearly 29% due to the year-ago quarter recording a one-time gain of 1.71 billion rupees from the sale of land.

Blue Star's revenue from operations rose nearly 27%. Revenue in its business that makes ACs and commercial refrigerators jumped 35%.


"The summer season has also begun well and we anticipate significant demand for room air conditioners and commercial refrigeration products to continue," Chairman and Managing Director Vir S. Advani said.


** All values in the graphic are expressed in percentages (%) ($1 = 83.4485 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Savio D'Souza)