Transportation - Logistics firm Blue Dart Express declares Q4FY22 result: The company posted sales at Rs 44,090 millions and Rs 3,764 millions profit after tax for the year 2021-22. The company posted Rs 1,354 million profit after tax (previous year Rs 891 million profit) for the quarter ended March 31, 2022, and Rs 3,764 million profit after tax (previous year Rs 963 million profit) for the year ended March 31, 2022. Revenue from operations for the quarter ended March 31, 2022 stood at Rs 11,659 million and Rs 44,090 million for the year ended March 31, 2022. The company delivered one of the strongest performance in the recent past. Topline grew by 21% with healthy mix of volume growth and realization improvement despite challenging geopolitical scenario. EBITDA for the quarter is Rs 2,264 Mn, a growth of 25.7% over last year. EBITDA margin also improved to 19.4% as compared to previous year at 18.6%. Revenues for the financial year 2021-22 stood at Rs 44,090 Mn with growth of 34% over previous year. Full year EBITDA stood at Rs 6,963 Mn with growth of 92% over previous year. PAT stood at Rs 3,764 Mn as compared to Rs 963 Mn last year. International Charters which were initiated during the pandemic last year, continued to support the company revenues in the current financial year. Balfour Manuel, Managing Director, Blue Dart said, “Throughout the year, we have shown outstanding resilience, responsiveness and reliability for all our stakeholders which is mirrored in our Q4 and year-end financial performance. Our focus on remaining customer-first, investing in our technology capabilities and thus, remaining agile in a VUCA environment, has helped the company improve its margins. FY2021-22 has been a rewarding year. Across parameters, Blue Dart has once again embodied our vision in ‘Connecting People, Improving Lives’. We have been recognised as a Top Employer, a Great Place to Work as well as one of the Best Workplaces for Women. We stood strong, supporting our customers for all their logistics requirements. From delivering shipments to COVID-care hospitals to accelerating innovation to new heights, we have left no stone unturned in fulfilling our duty as the Trade Facilitator to the nation.” Commenting on future outlook, he says, “In order to deliver excellence at every juncture, it is important to pre-determine the customers’ needs before they even arise. Keeping this in mind, we plan on expanding our ground and air express capacity which will only propel our service quality to new heights. We continue to remain an insanely customer-centric organization and therefore, innovation to deliver excellence at every touchpoint continues to remain a major priority. The Blue Dart Med-Express Consortium is a prime example of our ability to leverage technology to our benefit; going forward we will continue to invest in digitalization ensuring that in the case of another unprecedented event such as the pandemic, supply chain continuity will not be disrupted.” Result PDF
Courier Company Blue Dart Express declares Q3FY22 result: Blue Dart's Quarter 3 profit soars 30% Revenue up by 21 %; the EBITDA margin 16.8 % The company posted Rs 1,222 million profit after tax for the quarter ended December 31st , 2021 (previous year, profit after tax for the corresponding quarter was Rs 938 million). Revenue from operations for the quarter ended December 31st , 2021 stood at Rs 12,548 million with a growth of 21 % over the same quarter from the previous year. EBITDA for the quarter is Rs 2,117 million, a growth of 15% over the same quarter last year. EBITDA margin stood at 16.8% Balfour Manuel, Managing Director, Blue Dart says, "Our results reflect our efforts in continuing to remain a Provider of Choice, Employer of Choice and an Investment of Choice. The company has witnessed strong growth during 03 of FY21 ·22 owing to heightened business activity from key industry verticals. I am pleased to share that the Board has announced payment of dividends to our shareholders. While the nascent stages of the third wave of the pandemic had begun to take shape towards the end of the quarter, Blue Dart's succinct focus on delivering excellence, driven through innovation and digitisation were the main contributors to our profit margin. Apart from this, growth in demand due to the festive season, our ability to provide incomparable service quality despite a surge in volumes and our extensive reach has helped us remain a 'Customer Trusted Brand'. We continue to invest in our capabilities in order to fulfil our role as the Nation's Trade Facilitator." Result PDF
Financial Highlights: The company posted Rs. 895 million profit after tax (previous year corresponding quarter was at Rs. 414 million) for the quarter ended September 30, 2021; Revenue from operations for the quarter ended September 30, 2021 stood at Rs. 11,236 million with a growth of 30% over previous year same quarter. Revenue from operations for the half year ended September 30, 2021 stood at Rs. 19,884 million and profit after tax at Rs. 1,189 million. EBITDA for the quarter is Rs. 1,690 Mn, a growth of 46.6% over last year. EBITDA margin was also improved to 14.96% as compared to previous year at 13.31%. Revenues for the half year stood at Rs. 19,884 Mn with growth of 55% over previous year. EBITDA at Rs. 2,582 Mn which was negative Rs. 7 Mn last year. Consolidated EBITDA margin for the quarter stood at 22% Balfour Manuel, Managing Director, Blue Dart says, "The company witnessed strong pull back in demand during the quarter as wave Il 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 industrial verticals." Result PDF
Conference Call with Blue Dart Express Management and Analysts on Performance and Outlook. Listen to the full transcript.