Blue Dart Q3 net profit flat at Rs 89cr, revenue up 3%
For nine months ended Dec 31, 2023, consolidated revenue flat at Rs 3,945cr & net profit dropped 25% to Rs 223cr
Blue Dart Express, a part of DHL eCommerce division, reported a consolidated net profit of Rs 89 crore for the third quarter ended December 31, 2023 compared to Rs 88 crore in Q3FY2023.
Consolidated operating revenue was up marginally (three percent) at Rs 1,383 crore, according to an official release.
For the nine months ended December 31, 2023, consolidated revenue was flat at Rs 3,945 crore while net profit dropped 25 percent to Rs 223 crore.
Balfour Manuel, Managing Director, Blue Dart Express
"In the post-pandemic era, as global trade normalises, we continue to navigate challenges such as higher interest rates and increasing costs," says Balfour Manuel, Managing Director, Blue Dart Express. "Despite these hurdles, we not only surpassed pre-pandemic revenue levels but also have continued to invest in capacities and strengthened our position as the provider of choice for our customers. Our commitment to customer-centricity remains our top priority, driving our success."
Blue Dart Express handled 919 lakh shipments, weighing 314,239 tonnes in the quarter ended December 31, 2023, the release added.
“The growth opportunities and continued focus on customer centricity have enabled us to continue to invest, aligned with our strategic focus on People, Process and Technology. This is complemented by a Last In-First Out approach, further reinforcing our market leadership,” says Manuel.
As part of DHL Group, Blue Dart covers over 220 countries and territories, and offers the entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance, the release added.