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15% revenue growth achievable in FY20, says Blue Star

Updated : July 23, 2019 12:00 PM IST

AC manufacturer Blue Star is looking to achieve a revenue growth of 15 percent in the financial year 2020, said B Thiagarajan, MD of the company, adding "blended margins this year should be as good as last year's".

“I have not seen any kind of adverse impact on that (margins). If at all, we will attempt to improve it,” said Thiagarajan, in an interview with CNBC-TV18.

Blue Star has won a Rs 253 crore order from the Mumbai Metro Rail Corporation.

Discussing the order further, Thiagarajan said, “This is a significant order for us because it is Mumbai. We will participate in that infrastructure development. It is valued at Rs 253 crore starting from Mumbai Central to Bandra-Kurla Complex (BKC). The completion period for this order is around 30 months."

The orderbook as of March 2019 was at around Rs 2,700 crore, he added.

“We are not chasing orders. We are particular about profitable growth as well as the cash flow," said Thiagarajan.
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