Blue Dart reports Rs 4,142 mn revenue and Rs 1279 mn loss for Q1 FY21

July 31, 2020: Blue Dart Express declared its financial results for the quarter ended June 30, 2020, with revenue from operations stood at Rs 4,142 million and net loss at Rs 1,279 million (after accounting for deferred tax).

Balfour Manuel, managing director, Blue Dart said "The business environment was extremely challenging due to the Covid-19 pandemic. However, the company continued its operations to support the critical supply chain in challenging times. The national lockdown during the quarter impacted our results as the GDP continues to be in negative territory, and the ecosystem for an efficient supply chain was dislocated but we continued our role as the nation’s trade facilitator moving essential items for the pharmaceutical and medical Equipment Industries and thereafter as the government eased the restrictions we moved nonessential items for various sectors."

"We are proud to be a part of the Government’s ‘Lifeline Udan’ initiative and flew domestic and international charters carrying PPE Kits, Ventilators, Covid testing kits etc. We are optimistic about the future and our key pivots of focus on Emerging Markets, Sectors, SMEs, Channel Development, and Reach Expansion will all continue in aggression. These we believe will create long term value for the business and stakeholders,” he added.