Page 2 - Blue Dart Express

Blue Dart Express posts net profit of Rs 95 cr for December quarter

Logistics major Blue Dart Express on Thursday reported a net profit of Rs 95.32 crore for the third quarter ended December 2020. The company had registered a net loss of Rs 31.92 crore in the corresponding quarter last fiscal, it said in a BSE filing. Revenue from operations for the third quarter stood at Rs 1,034.92 crore, the company said in a statement. "Blue Dart has outperformed in the quarter ended December 31, 2020, with an increase in sales by 21 per cent. The stellar performance for the quarter is backed by right yield management and aggressive cost efficiencies delivered through high service delivery by passionate and pandemic warriors frontline Blue Darters. "Sectors such as E-commerce, Pharmaceuticals, Consumer electronics etc saw rapid scaling owing to a shift in consumer buying behaviour & consumption patterns," its Managing Director Balfour Manuel said. He said the organisation has exceeded expectations of customers with a focus on service quality. "We are thrilled

Blue Dart gains as economy reopens, demand from e-commerce segment grows

The unlock process and premium pricing have helped improve operational performance

Blue Dart Express soars 16% on robust September quarter results

In the past three months, the stock has rallied 75 per cent, against a 4.5 per cent rise in the S&P BSE Sensex.

Logistic shares rally; Blue Dart Express, Gati surge over 10%

Last week, Blue Dart Express announced a 9.6 per cent hike in its average shipment price from January next year to offset higher costs

Blue Dart: Muted volumes, revenues amid high costs to weigh on margins

Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore

Uncertainty over lockdown, logistics cloud Blue Dart's near term prospects

Lower volumes would impact topline and margin performance; revival in discretionary demand crucial

Street quiet as Blue Dart delivers muted results for a 7th straight quarter

Investors advised to wait for traction in revenues and margins before considering stock

Weak volume estimates a speedbreaker for Blue Dart; trend may not improve

The company indicated that it will take close to two years for capital investments as well as expansion to contribute to the top line and earnings, materially

Intense competition to keep Blue Dart Express profit under pressure

While investments will pay later, intense competition to keep profit under pressure