Blue Dart Sales Up by 19.34%, Q1 EPS at Rs.7.26

Mumbai - July 16, 2007: Blue Dart Express Limited, South Asia's largest integrated air express courier and package distribution company, today declared its financial results for the second quarter and half year ended June 30, 2007 at their Board Meeting held in the city.

Income from operations for the 1st half ended June 30, 2007 was Rs 369.14 crores, an increase of 19.34% over the corresponding period of the previous year, and profit before tax for the same period was Rs 51.17 crores, up by 14.21% from Rs 44.80 crores in the corresponding period of the previous year.

Anil Khanna, Managing Director, Blue Dart Express Limited said, "We have always taken every possible step to ensure that our delivery promise continues to extend beyond just timeliness and encompasses the values that our brand stands for - service excellence, quality and reliability. We have and will continue to invest in an infrastructure that would support our country's growth. We have recently added a new air route, augmenting our capacity on the North-South corridor to meet the strong current and projected demands. Our air capacity has now expanded to a payload of 300 tonnes through 62 routes every night, confirming Blue Dart's position as the undisputed market leadership in the domestic express segment, and its unique capability to offer the entire spectrum of distribution solutions".

The stock closed the day at Rs.740.25, down by Rs.21.70 or 2.85%. The stock hit an intraday high of Rs.775 and low of Rs.735.35. The total traded quantity was 6770 compared to 2 week average of 11385.

Source : Equity Bulls

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