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The Baseline
17 May 2019
Results Today: Blue Dart Express and LT Foods post underwhelming numbers

A large number of fourth quarter results have come in today - the 16 companies announcing results today include logistics firm Blue Dart Express, packaged foods company LT Foods and sugar firm Renuka Sugars.

Blue Dart Express posted disappointing results today, with fourth quarter net profit growth going negative and falling by over 62% while revenue growth rose 8.7% YoY. Profits were tamped down by a sharp fall in operating profit margins, which declined by over 56% YoY. 

LT Foods hit a new year low today on high volumes after its fourth quarter performance showed declines across the board, with revenues and net profits falling sharply YoY. Profits were down 39%. Renuka Sugars is rising marginally in share price after the company reported a healthy fourth quarter. The company saw net profit double YoY on revenue growth of 15.5%. The sugar industry has seen a strong performance in the fourth quarter so far, seeing green across the board and a jump in margins. Find all results here.

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