Blue Dart reports ₹937 mn PAT, ₹10,349 mn revenue for Q3 2020

January 29, 2021: The express air and integrated transportation company, Blue Dart Express, declared its financial results for the quarter October – December 2020 by posting ₹937.83 million profit after tax, against ₹330.80 million loss of last year, and ₹10,349.22 million revenue from operations.

For the July – September quarter of 2020, it had reported a profit after tax of ₹414 million compared to ₹140 million of the same quarter previous year while revenue from operations stood at ₹8,644 million.

Balfour Manuel, managing director, said, “Blue Dart has outperformed in the quarter ended December 31, 2020, with an increase in sales by 21%. The stellar performance for the quarter is backed by right yield management and aggressive cost efficiencies delivered through high service delivery by passionate and pandemic warriors frontline Blue Darters. Sectors such as e-commerce, pharmaceuticals, consumer electronics etc. saw rapid scaling owing to a shift in consumer buying behaviour & consumption patterns.”

He further said, “We also acquired two Boeing 757-200 aircraft to stabilise our returns and derive economic value for the long term. During the quarter, we saw an increase in business from e-commerce portals, consumer electronics, Computer IT, pharmaceutical and medical equipment along with other sectors. ”

He further adds, “We believe the power of technology and automation will propel the sector faster in a forward direction and Blue Dart will continue investing in these capabilities.”