The Business Bytes
Mumbai, November 12, 2024 (TBB Bureau): Blue Dart Express Limited, South Asia’s leading express air and integrated transportation and distribution logistics company, announced its financial results for the second quarter ending September 30, 2024, at its Board Meeting held in Mumbai. The company reported a revenue of Rs 1,448.46 crore for the quarter, underscoring its strong position in the logistics sector. Profit after tax stood at Rs 60.76 crore, reflecting Blue Dart’s resilient business strategy and commitment to service excellence.
Commenting on the company’s performance, Balfour Manuel, Managing Director of Blue Dart Express Ltd., said, “During the quarter, we achieved strong year-on-year revenue growth, showcasing our robust performance across both established and sunrise sectors. Our increased earnings capacity enables us to strategically invest in expanding our network, including the deployment of new aircraft into our fleet to enhance our service offerings and meet our customers’ evolving needs.”
To further optimize its network, Blue Dart is investing in strategic ground hubs and delivery centers tailored for B2B and e-commerce distribution. These efforts will drive scalability, flexibility, and speed across its network, catering to the demands of today’s fast-paced logistics landscape.
Blue Dart’s growth outlook remains optimistic, with a clear focus on tapping into high-growth geographies and sectors, particularly the booming e-commerce sector. By maintaining its position as a reliable trade facilitator, Blue Dart is poised to continue setting industry standards, expanding its market share, and delivering unparalleled value to customers and partners.
