The Business Bytes
TBB BUREAU
MUMBAI, OCT 28, 2023
Blue Dart Express, South Asia’s premier express air, integrated transportation and distribution logistics company, posted Rs. 71 crore profit after tax for the quarter ended September 30, 2023 (Q2). Revenue from operations for the quarter under review stood at Rs. 1,324 crore.
For the first half of FY2024, revenue declined marginally (two percent) to Rs 2,562 crore and profit was down 37 percent at Rs 131 crore.
Blue Dart carried 918 lakh shipments weighing 307,480 tonnes during the quarter ended September 30, 2023, said an official release.
Commenting on the company’s performance, Blue Dart Express Managing Director Balfour Manuel said, “Our ability to maintain resilience has once again been demonstrated, thanks to our robust air and ground infrastructure, comprehensive solution portfolio, and extensive reach.”
“Even amid sluggish global economic growth, we’ve not only exceeded pre-pandemic revenue but also solidified our position as the Provider of Choice for our customers. Understanding their needs remains our priority, driving our pursuit of operational excellence and expanding our customer base across India,” he added.
Speaking about the business outlook, he said, “Even though we are keeping a close eye on our costs in the current business environment, our strengthened earnings power puts us in a position to continue investing significantly in future growth. Through these initiatives, we are strategically positioned for sustained growth and remain committed to leveraging technology and exploring new opportunities.”
