Transportation - Logistics firm Blue Dart Express Announced Q1FY23 Result : Profit rises 299% YoY to Rs 1,172 Mn Revenues grow by 49.6% The company posted sales at Rs 12,933 Mn and Rs 1,172 Mn profit after tax for the Quarter To enhance its distribution capacity Company plans to add Two Boeing 737 Aircraft during the year The company posted Rs 1,172 Mn profit after tax (previous year Rs 294 Mn) for the quarter ended June 30, 2022. Revenue from operations for the quarter ended June 30, 2022 stood at Rs 12,933 Mn with a growth of 49.6% over the corresponding quarter of the previous year. EBITDA for the quarter is Rs 2,010 Mn, a growth of 125% over the corresponding quarter of the previous year. EBITDA margin stood at 15.5%. Standalone EBITDA for the quarter is Rs 2,010 Mn, a growth of 125% over previous year. EBITDA margin also improved to 15.54% as compared to previous year at 10.31%. Consolidated EBITDA for the quarter is Rs 2,740 Mn, a growth of 65% over the previous year. EBITDA margin also improved to 21% as compared to previous year at 19%. Balfour Manuel, Managing Director, Blue Dart said, “Blue Dart continues its stride in delivering strong performance and the results are indicative of our efforts towards remaining a Provider of Choice, an Employer of Choice and an Investment of Choice to all our stakeholders. Our unwavering focus on customer centricity and delivering excellence reinforced by our technological expertise, accelerated pace in adopting digitisation and a task force of a dedicated workforce continues to drive our growth and achievement at all levels. While we continue to maintain a positive outlook we are also cautiously optimistic about what the future holds. We will continue our succinct focus on keeping a People First and Safety First approach while providing a best in class service to our stakeholders.” Result PDF
Conference Call with Blue Dart Express Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.