Blue Dart Express Reports 12.82% Decline in Q1 Net Profit

Logistics company Blue Dart Express announced a 12.82% decline in consolidated net profit for the June quarter of 2024-25, with net profit at Rs 53.42 crore. Revenue from operations rose by 8.5% to Rs 1,342.71 crore. The company remains optimistic about growth opportunities, citing network expansion and technological advancements.

Blue Dart Express, a leading logistics company, reported a 12.82% decrease in consolidated net profit, totaling Rs 53.42 crore for the June quarter of 2024-25. This compares to Rs 61.28 crore in the same period last financial year, according to a regulatory filing.

However, revenue from operations increased by 8.5%, reaching Rs 1,342.71 crore, up from Rs 1,237.55 crore a year ago. Total expenses climbed by 9.81% to Rs 1,279.76 crore during the quarter.

The total income for the June quarter stood at Rs 1,351.79 crore, marking an 8.33% rise year-over-year. Despite the profit decline, Managing Director Balfour Manuel expressed optimism about growth opportunities through network expansion and technological advancements.

In a separate filing, Blue Dart announced the appointment of Prakash Apte as an independent director, effective from July 23, 2024. Blue Dart's shares ended Friday at Rs 8,173.25 each on BSE, down by 3.21%.