Monday, January 30, 2023

Blue Dart’s Quarter 3 Sales At Rs 1,337 Crore Up By 6.6%; EBITDA Margin At 12.3%

Blue Dart Express Limited, South Asia's premier express air, integrated transportation and Distribution Company, declared its financial results for the quarter ended December 31, 2022, at its Board Meeting. 

The company posted Rs 86.93 crore profit after tax for the quarter ended December 31, 2022 (previous year, profit after tax for the corresponding quarter was Rs122.18 crore). Revenue from operations for the quarter ended December 31, 2022 stood at Rs1,337 crore with a growth of 6.6% over the same quarter from the previous year. EBITDA for the quarter is Rs 64.53 crore, EBITDA margin stood at 12.3%.  

Consolidated revenues during the quarter stood at Rs 1,337 crore  with a growth of 6.6% over previous year same quarter. EBITDA for the quarter is ?237 crore. Consolidated Revenues for the nine month period stood at Rs 3,956 crore with growth of 22% over previous year. EBITDA at Rs 762 crore. Consolidated EBITDA margin for the nine month period stood at 19.25%.  

During the quarter, the geo-political scenario continues to remain volatile. International crude prices and foreign currencies specifically witnessed high volatility which is leading to high inflationary ecosystem. Higher ATF prices, Forex volatility and correction in minimum wages continue to keep the costs at escalated levels. Further, the company has been working on enhancing its package handling capacity  both on air and ground to handle increased volume and improve service quality. 

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.”   

The company continued to deliver excellence across the wide gamut of solutions that it offers to industries. Its exceptional service quality remains one of Blue Dart’s major pivots, alongside automation and technology, towards providing customers with a seamless one-stop solution for all their logistics requirements. We carried 24.56 crore shipments weighing 880,370 tons during the nine month period ending December 31, 2022. 

At Blue Dart, technology has played a major role and the pandemic has only catapulted innovation on this front. As part of the DPDHL Group, ‘Strategy 2025 – Delivering Excellence in a Digital World’ is an important aspect for the company and various initiatives have been taken to ensure lean operations that helped ramp up and achieve high service levels at short notice, such as our reverse shipments program. 

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