Post Date : November 2, 2021
Blue Dart Express Limited, South Asia’s premier express air and integrated transportation & Distribution Company, posted a standalone profit of ₹895 million after-tax (the previous year corresponding quarter was at ₹414 million) for the quarter ended September 30, 2021.
The company’s revenue from operations for the quarter ended September 30, 2021, stood at ₹11,236 million. Revenue from operations for the half-year ended September 30, 2021, stood at ₹19,884 million and the profit bagged by the company after tax stood at ₹1,189 million.
The company witnessed strong pullback in demand during the quarter as wave II of pandemic started slowing down. All economic indicators like GDP growth, Index for Industrial Production, GST collections, etc. reflected strong recovery. Growth during the quarter is testimony to heightened business activities of key industry verticals.”Balfour Manuel, Managing Director, Blue Dart
Revenues during the quarter standing at ₹11,236 Mn, marked a growth of 30% over the previous year’s same quarter, sequentially quarter revenue growth is at 30%.
The EBITDA for the quarter is ₹1,690 Mn, a growth of 46.6% over last year. EBITDA margin was also improved to 14.96% as compared to the previous year at 13.31%. Revenues for the half-year stood at ₹19,884 Mn with a growth of 55% over the previous year. EBITDA at ₹2,582 Mn which was negative ₹7 Mn last year. The consolidated EBITDA margin for the quarter stood at 22%. Healthy top-line growth with better realization continued cost efficiency program and financial re-engineering helped the company to improve its margin. The company together with its wholly-owned subsidiary paid off the majority of bank borrowings during the quarter which would help the company in reducing its finance cost. Recently, Blue Dart Aviation purchased one more leased aircraft in its pursuit of improving efficiency to create value for stakeholders.
During the quarter, the Company successfully launched the Blue Dart Med-Express Consortium, which leverages the use of drone technology to provide a robust healthcare infrastructure to the interiors of the nation.
The company has been working on sustainable solutions to reduce carbon emission including deploying electric vehicles, reducing paper consumption, green facilities, etc. The company has also planted over 555,000 trees to offset its carbon footprint. Blue Dart is committed to its highest standard of compliance under its ESG journey.
Furthermore, the company has leveraged automation and technology for providing customers with a one-stop, hassle-free solution to all their logistics requirements. In its journey to delight customers, the company carried 116.25 million shipments weighing 422,933 tons during the half-year ended September 30, 2021.
Counting upon the opportunities that the ongoing and newly launched Government initiatives like constructions of new roads including dedicated corridors, logistics parks, economic zones, dedicated rail corridors, waterways, “Make in India” “Atmanirbhar Bharat” extension of PLI scheme, etc are likely to bring, Blue Dart with its air and ground infrastructure, passionate Blue Darters and world-class service delivery experience is looking forward to encashing sustainably.