Blue Dart posts ₹ 32,797 million revenue, ₹ 963 million PAT for 2020-21

May 6 2021: Blue Dart Express declared its financial results with ₹891 million profit after tax (previous year ₹238 million loss) for the quarter ended March 31, 2021, and ₹963 million profit after tax (previous year ₹383 million loss) for the year ended March 31, 2021.

The profit for the year is, after absorbing the impact of special Covid-19 ex-gratia (₹342 million) paid to employees in September 2020 and accelerated depreciation of IT servers (₹240 million). The margin improvement is backed up by better realization and cost efficiencies during the year. Revenue from operations for the quarter ended March 31, 2021, stood at ₹9,662 million and ₹32,797 million for the year ended March 31, 2021.

Balfour Manuel, managing director, Blue Dart said, “All our facilities/people/aircraft / vehicles operated every single day through the pandemic, enabling the nation in its fight against the contagion delivering PPE kits, ventilators, vaccines, oxygen concentrators, pharmaceutical, medical equipment etc.”

“Going forward, our focus will continue to remain on consistently upgrading our infrastructure and digitized solutions to ensure that we optimise the man-tech combination. We are also enthused by the Governments initiatives aimed towards building a non-fragmented logistics sector,” he added.

Under the DPDHL Group credo of ‘Connecting People, Improving Lives’ the group had set a target of 30 percent carbon efficiency improvement over the base of 2007 by 2020. Blue Dart has surpassed the target by achieving an efficiency improvement of 31 percent in 2019 and an efficiency of 36 percent in 2020. Net zero-emission by the year 2050 is the new environment target and ESG compliance is the focal point. We are also committed to Inclusivity & Diversity to further strengthen our culture at Blue Dart.