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Blue Dart Sales at Rs. 414.19 crores for the quarter April-June 2020

Posted On: 2020-07-31 09:43:51


Blue Dart Express Limited, South Asia's premier express air and integrated transportation, distribution and logistics Company, declared its financial results for the quarter ended June 30, 2020, at its Board Meeting held in Mumbai today.

Revenue from operations for the quarter ended June 30, 2020 stood at ₹ 414.19 crores and net loss at ₹ 127.94 crores (after accounting for deferred tax).

Balfour Manuel, Managing Director, Blue Dart said "Blue Dart continues to be a forerunner in the express logistics industry in India, with a strategic focus on all sectors. The business environment was extremely challenging due to the COVID-19 pandemic. However, the Company continued its operations to support critical supply chain in challenging times. The national lockdown during the quarter impacted our results as the GDP continues to be in negative territory, and the eco - system for an efficient supply chain was dislocated but we continued our role as the nation's trade facilitator moving essential items for the Pharmaceutical and Medical Equipment Industries and thereafter as the Government eased the restrictions we moved non-essential items for various sectors. We are proud to be a part of the Government's 'Lifeline Udan' initiative and flew domestic and international charters carrying PPE Kits, Ventilators, COVID testing kits etc. We are thankful to our teams who have been fully engaged in a customer centric approach thereby ensuring that even in the time of great stress we have played a key role in helping the nation and our customers in keeping its mission critical supply chain operating. We at Blue Dart are very proud of this achievement.

Automation and technology will continue to be the pivots of our business. Both of this allow our business to be resilient which ensures that there is a high sense of discipline in the organisations, our customers are highly satisfied and balance sheet is sound.

Our commitment to serve Blue Dart country with the support of our highly passionate team, remains persistent."

He added, "We will further strengthen our position as the Provider of Choice and the Investment of Choice and build a business that consistently sets a bench mark for the industry and is future ready.

We are optimistic about the future and our key pivots of focus on Emerging Markets, Sectors, SMEs, Channel Development, and Reach Expansion will all continue in aggression.

These we believe will create long term value for the business and stakeholders."

Blue Dart remains India's most innovative and awarded express delivery company. Blue Dart was recently certified as a Great Place to Work by Great Place to Work® Institute India for the 10th year. Blue Dart was also ranked amongst the 50 Best Workplaces in India - 2020 by Great Place to Work® Institute and The Economic Times, voted a Superbrand for the 13th year, recognised as a Company with Great People Managers by Great Manager Institute and Forbes, recognized as the Most Trusted Brand 2019 for the 13th time in a row by Readers Digest, awarded with the ET NOW presents Stars of the Industry Awards 'Brand Leadership Award' for Excellence In Supply Chain & Logistics, presented with the prestigious Golden Peacock Award at IOD India's '4th Annual Global Convention on Corporate Ethics & Risk Management' and recognized by Green Freight Asia (GFA) for its commitment to adopting Green Road Freight Practices as a Carrier in 2019.

Shares of BLUE DART EXPRESS LTD. was last trading in BSE at Rs.2061.85 as compared to the previous close of Rs. 2116.25. The total number of shares traded during the day was 1221 in over 520 trades.

The stock hit an intraday high of Rs. 2123 and intraday low of 2050. The net turnover during the day was Rs. 2530120.


Source: Equity Bulls

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