Blue Dart Q2FY2025 net profit down 14%
Revenue from operations increased nine percent to Rs 1,448 crore from Rs 1,324 crore in the same period last fiscal.
Blue Dart reported a 14 percent decline in consolidated net profit at Rs 62.84 crore for the second quarter of financial year 2024-25 (ended September 30, 2024) compared to Rs 73.06 crore in the same period last year.
Revenue from operations increased nine percent to Rs 1,448 crore from Rs 1,324 crore in the second quarter of the last fiscal, says an official release.
The consolidated numbers include the results of parent Blue Dart and subsidiaries Blue Dart Aviation and Concorde Air Logistics.
"During the quarter, we achieved strong year-on-year revenue growth, showcasing our robust performance across both established and sunrise sectors," says Balfour Manuel, Managing Director, Blue Dart Express. "Our increased earnings capacity enables us to strategically invest in expanding our network, including the deployment of new aircraft into our fleet to enhance our service offerings and meet our customers' evolving needs. Following this, we are also investing in the development of strategic ground hubs and delivery centres for B2B and e-commerce distribution. These investments are designed to enhance scalability, flexibility, accuracy and speed across our entire network, driving sustainable future growth. By staying agile and innovative, we are well-positioned to seize emerging opportunities and deliver even greater value to our customers."
Blue Dart is accelerating sustainable growth through various initiatives, focusing on structural tailwinds in fast-growing geographies and industry sectors, including the megatrend of e-commerce, the release added.
For the first six months of FY2025, net profit declined 13 percent to Rs 116 crore while revenue from operations increased nine percent to Rs 2,791 crore.
