+
Blue Dart announces Q2 results, sales at Rs 1,448 crore
ECONOMY & POLICY

Blue Dart announces Q2 results, sales at Rs 1,448 crore

Blue Dart Express, South Asia's premier express air, integrated transportation, and distribution logistics company, declared its financial results for the quarter ended September 30, 2024, at its Board Meeting held in Mumbai.

The company posted Rs 60.76 crore profit after tax for the quarter ended September 30, 2024. Revenue from operations for the same period stood at Rs 1,448.46 crore. Blue Dart's exceptional service quality, strengthened by advanced automation and technology, remains a cornerstone of its operations, providing customers with a seamless, one-stop solution for all their logistics needs.

Reflecting on the company's performance, Balfour Manuel, Managing Director, Blue Dart Express Ltd., stated, '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. Following this, we are also investing in the development of strategic ground hubs and delivery centers for B2B and e-commerce distribution. These investments are designed to enhance scalability, flexibility, accuracy, and speed across our entire network, driving sustainable future growth. By staying agile and innovative, we are well-positioned to seize emerging opportunities and deliver even greater value to our customers.

The company’s positive outlook underlines its readiness to capitalize on future prospects while maintaining its reputation as the provider of choice. Blue Dart is accelerating sustainable growth through its various initiatives, focusing on structural tailwinds in fast-growing geographies and industry sectors, including the megatrend of e-commerce. As a trusted trade facilitator, Blue Dart continues to expand its share of wallet (SOW) in key markets, setting industry standards and driving value for its partners.

Blue Dart Express, South Asia's premier express air, integrated transportation, and distribution logistics company, declared its financial results for the quarter ended September 30, 2024, at its Board Meeting held in Mumbai. The company posted Rs 60.76 crore profit after tax for the quarter ended September 30, 2024. Revenue from operations for the same period stood at Rs 1,448.46 crore. Blue Dart's exceptional service quality, strengthened by advanced automation and technology, remains a cornerstone of its operations, providing customers with a seamless, one-stop solution for all their logistics needs. Reflecting on the company's performance, Balfour Manuel, Managing Director, Blue Dart Express Ltd., stated, '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. Following this, we are also investing in the development of strategic ground hubs and delivery centers for B2B and e-commerce distribution. These investments are designed to enhance scalability, flexibility, accuracy, and speed across our entire network, driving sustainable future growth. By staying agile and innovative, we are well-positioned to seize emerging opportunities and deliver even greater value to our customers. The company’s positive outlook underlines its readiness to capitalize on future prospects while maintaining its reputation as the provider of choice. Blue Dart is accelerating sustainable growth through its various initiatives, focusing on structural tailwinds in fast-growing geographies and industry sectors, including the megatrend of e-commerce. As a trusted trade facilitator, Blue Dart continues to expand its share of wallet (SOW) in key markets, setting industry standards and driving value for its partners.

Next Story
Infrastructure Urban

Haworth India Launches Largest Hyderabad Experience Centre

Haworth, a global leader in premium workspace solutions with a USD 2.5 billion footprint, has unveiled its newest and largest showroom at Gowra Palladium, HITEC City, Hyderabad. Spanning 8,400 sq. ft., the new space serves as an immersive experience centre, showcasing Haworth’s global design innovation, commitment to sustainability, and response to India’s growing demand for premium, future-ready workspaces.Hyderabad, ranked among the world’s top 10 fastest-growing millionaire cities, is a booming hub for corporate real estate. With over 150 million sq. ft. of office space projected by 2..

Next Story
Infrastructure Transport

Centre Yet to Identify Airports for Sustainable Aviation Fuel Blending Infrastructure

The Union Government has approved indicative SAF blending targets for aviation turbine fuel (ATF) used in international flights. Minister of State for Civil Aviation, Murlidhar Mohol, stated in Parliament that India aims to achieve a 1% SAF blend by 2027, increasing to 2% in 2028 and 5% by 2030.This initiative aligns with India’s commitment to the mandatory phase of the Carbon Offsetting Reduction Scheme for International Aviation (CORSIA), implemented by the International Civil Aviation Organization (ICAO). Under CORSIA, airlines are required to offset carbon emissions exceeding a baseline ..

Next Story
Infrastructure Urban

CII Survey: Infrastructure, Awareness Hinder India’s Smart Meter Adoption

As of July 15, only 20.41 million smart meter units have been installed nationwide, far short of the 20.33 crore units sanctioned under the Revamped Distribution Sector Scheme (RDSS), according to the Ministry of Power.The CII’s recent survey highlights that the biggest challenges hindering smart meter adoption are outdated utility infrastructure, unreliable connectivity—especially in remote areas—and limited consumer awareness. Notably, 80 per cent of survey participants pointed to consumer engagement as the key obstacle, while most agreed that clearer regulatory guidelines, enhanced bi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?