Logistics firm Blue Dart Express announced Q4FY23 & FY23 results: Revenue from operations for FY23 stood at Rs 51,722 million with a growth of 17.3% over the previous year and posted Rs 3,664 million profit after tax for the year ended March. Revenue from operations for Q4FY23 is at Rs 12,166 million and profit after tax is Rs 703 million Consolidated EBITDA for FY23 stood at Rs 9,695 million and profit after tax at Rs 3,705 million. Consolidated EBITDA for Q4FY23 is at Rs 2,079 million and profit after tax is Rs 694 million. Balfour Manuel, Managing Director, Blue Dart, says, "We continue to maintain our focus on operational improvements and productivity enhancements, which led to growth. We closed FY'23 with a strong potential for the future by developing creative solutions for our customers and expanding our fleet with two Boeing 737 aircraft to serve the length and breadth of the country. We will benefit from a consolidated market and deepened relationships with our existing stakeholders. “As we enter FY24, we see an increasing need for businesses to stay agile by leveraging next- generation technologies. We are committed to assisting our customers in remaining competitively dominant and relevant in an era of rapidly changing market conditions by assisting them in adapting to leaner and more sustainable logistics solutions. This prudential and operational excellence approach prepares us well for all business uncertainties’, he added.” Result PDF
Transportation logistics firm Blue Dart Express announced Q3FY23 results: Consolidated Q3FY23: The company posted Rs 869 million profit after tax for the quarter ended in December 31, 2022 (previous year, profit after tax for the corresponding quarter was Rs 1,222 million) Revenue from operations for the quarter ended in December 31, 2022, stood at Rs 13,371 million, with a growth of 6.6% over the same quarter from the previous year EBITDA for the quarter is Rs 1,645 million, EBITDA margin stood at 12.3% Consolidated 9MFY23: Revenues during the quarter stood at Rs 13,371 million, with a growth of 6.6% over the same quarter of previous year EBITDA for the quarter is Rs 2,370 million Revenues for the nine-month period stood at Rs 39,557 million, with growth of 22% over the previous year EBITDA at Rs 7,616 million. EBITDA margin for the nine-month period stood at 19.25% Balfour Manuel, Managing Director, Blue Dart, says, "We look forward to embarking on a journey with newer challenges, delivering the best services through reach and best in class transit time. With a focus on Bharat, we are expanding our presence in Tier II & III markets. We have about 700 retail stores(with DHL) across India, offering customers a quick turnaround time and an enhanced direct reach to pin codes in the country. Additonally, we plan to set up about 100 new stores in the near future to aggressively expand our channel footprint." Result PDF