Blue Dart stock ends higher after good set of Q1 numbers

Sales rose 108.15% to Rs866.22cr in the quarter ended June 2021 as against Rs416.16cr during the previous quarter ended June 2020.

Aug 02, 2021 04:08 IST India Infoline News Service

Blue Dart Express
Blue Dart Express Limited, South Asia's premier express air and integrated transportation & distribution company, declared its financial results today for the quarter ended June 2021.

The net profit of Blue Dart Express was reported to Rs31.27cr in the quarter ended June 2021 as against a net loss of Rs125.84cr during the previous quarter ended June 2020. Sales rose 108.15% to Rs866.22cr in the quarter ended June 2021 as against Rs416.16cr during the previous quarter ended June 2020.

Balfour Manuel, Managing Director, Blue Dart says, “I am pleased to announce that the Blue Dart brand continues to stand out and delivered good results during the first quarter of the new financial year. Against the backdrop of the second wave of the pandemic and as we battle several new variants, Blue Dart’s business continues to remain agile and adaptive to the changing external environment. Our results mirror a recovering economy that is increasingly trusting the digitalization process and a sustainable eCommerce boom - we benefit strongly from both.”

Speaking about the business outlook, he says, “In the last quarter, Blue Dart’s innovation and customer centricity propelled further, as we continued to support the nation in its battle against COVID-19. Blue Dart Med-Express Consortium, will signify a new chapter in the newly digitalized logistics space, using drones to guarantee efficiency, reliability and wider reach. We even continued to leverage our market – differentiating Boeing 757-200 freighters to move oxygen concentrators, vaccines and other critical COVID relief material not only in the Indian terrain but also internationally. Support to our customers during their most challenging times, with our resilient first, middle and last – mile solutions, has ensured that we remain their preferred logistics partners.”

Commenting about the sustainability initiatives at Blue Dart, he says, “Under our credo, Connecting People, Improving Lives, the organization has set in motion a number of technological initiatives that will drive green logistics and ESG which is an integral part of Strategy 2025. Leveraging its digital footprint, the organization has reduced its dependence on paper and has also been consistently planting 1,00,000+ trees each year. The organization has set precedent well within its first quarter of the financial year 2021-22 by continuing to be a Provider of Choice, Employer of Choice and Investment of Choice for all its stakeholders.”

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