Blue Dart Express Q1 Profit Down 13% to Rs 53 Cr
Jul 19, 2024 18:34
Blue Dart Express reported a 13% decline in Q1 profit to Rs 53.42 crore, while revenue increased by 8.5%. The company remains optimistic about growth opportunities.
Photograph: Courtesy Blue Dart
New Delhi, Jul 19 (PTI) Logistics company Blue Dart Express on Friday reported 12.82 per cent decline in consolidated net profit at Rs 53.42 crore for June quarter 2024-25.
The company had logged a net profit of Rs 61.28 crore in April-June FY24, according to a regulatory filing by Blue Dart Express.
However, revenue from operations was up 8.5 per cent to Rs 1,342.71 crore from Rs 1,237.55 crore a year ago.
Total expenses in June quarter FY25 were higher by 9.81 per cent to Rs 1,279.76 crore.
Total income was at Rs 1,351.79 crore, up 8.33 per cent from the year-ago period.
"We are optimistic about the growth opportunities that align with the country's development. By expanding our network, leveraging technology, and enhancing service capabilities, we are well-positioned to seize emerging opportunities and deliver exceptional value to our customers and stakeholders," Managing Director Balfour Manuel said.
Meanwhile, in a separate filing, Blue Dart informed that its board has approved the appointment of Prakash Apte as an independent director with effect from July 23, 2024.
Shares of Blue Dart Express on Friday settled at Rs 8,173.25 apiece on BSE, down 3.21 per cent.
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