Blue Dart saw a positive Q4 with a 12 percent profit rise, but its full-year profit declined by 18.76 percent.
Blue Dart, a leading provider of express air, integrated transportation, and distribution logistics, has announced a significant 12.01 percent increase in its consolidated net profit for the fourth quarter ending March 31, reaching Rs 77.78 crore. This marks a notable improvement from the Rs 69.44 crore reported in the same period last fiscal year.
The company’s revenue for the January-March quarter amounted to Rs 1,322.87 crore, showcasing an 8.73 percent surge compared to Q4 FY 2023’s Rs 1,216.55 crore.
For the entire fiscal year, Blue Dart saw a marginal rise in consolidated revenue, reaching Rs 5,267.83 crore compared to the previous year’s Rs 5,172.22 crore. However, its net profit for FY 2024 declined by 18.76 percent to Rs 301.01 crore from Rs 370.53 crore in FY 2023.
Balfour Manuel, Managing Director of Blue Dart Express, attributed the sustained profit margin levels to strategic initiatives such as expanding the network and investing in infrastructure. Notable efforts included acquiring two 737 freighters to establish critical air routes and inaugurating advanced facilities.
Manuel expressed confidence in the company’s growth trajectory, citing a 9.5 percent increase in shipments and a 4.4 percent rise in weights during the financial year. He emphasized the introduction of innovative shipping platforms and strategic partnerships to enhance operations and improve the customer experience.
Looking ahead, Manuel outlined Blue Dart’s focus on offering expedited deliveries nationwide, leveraging its operational capabilities and leadership in ground surface and air operations to achieve its goals.
