On January 24, 2024, Blue Dart Express Limited (BSE, NSE: BLUEDART) announced its Q3 2023-24 results, driving robust growth with Blue Dart’s Quarter 3 Sales at ₹13,829 million.
Additional Read: Q3 Results Dashboard
Blue Dart Express Q3 Results: Result Takeaways
South Asia’s top-notch integrated transportation, express air, and distribution logistics organisation announced its Q3 results, and the highlights are mentioned below (figures released by the Company are in ₹ Million):
- In Q3 FY24, the Company recorded a PAT or Profit After Tax at ₹816 million.
- The Revenue from Operations for Q3 FY24 stood at ₹13,829 million.
The Management’s Take on the Results
The MD of Blue Dart Express Limited had some other aspects of the results to share and these are mentioned below:
- The Company is continuing to navigate the post-pandemic era as international trade becomes regularised. As such, there are challenges like high interest rates and increasing costs to overcome.
- Despite economic hurdles, the Company, in Q3 FY24, has surpassed pre-pandemic revenue levels.
- The Company continues to invest in capacities and strengthen its place as the chosen provider for its customers. The commitment to customers is what has driven the success of the Company.
- Regarding the business outlook, the opportunities for growth and the Company’s customer-centric approach have let the Company invest more in Process, People, and Technology, driving Blue Dart’s market leadership.
- In Q3 FY24, the Company handled 92 million shipments, with a weightage capacity of 314,239 metric tonnes. This reflects the Company’s promise of exceptional service standards and the provision of seamless processes for customers, catering to a gamut of logistics requirements.
- Recently, Blue Dart was recognised as India’s Top Value Creator 2023 in the category of Transport and Logistics category, representing its commitment to excellence.
- The Company has not only positioned itself as the Provider of Choice but also has the distinction of being an Employer of Choice and an Investment of Choice for stakeholders.
- The Company continues to set precedents in the sector and industry, with its dedication to delivering proficient value and sustaining its leadership position.
Additional Check: Blue Dart Express Share Price
Blue Dart Express: Q3 FY24 Result Summary
Blue Dart Express Limited is the premier express integrated transportation and distribution company in South Asia. It offers the reliable and safe delivery of consignments to more than 56,000 locations in India. Blue Dart Express stands as a provider of choice for all its stakeholders because of its customer-centric approach and always aims to strengthen this collaboration further. As part of DHL Group’s DHL eCommerce division, Blue Dart Express has access to the biggest and most comprehensive logistics and express network on a global scale, spreading across 220 countries and territories, offering a whole spectrum of distribution services comprising freight forwarding, customs clearance, air express, supply chain solutions, etc.
The Company has earned several accolades and awards, being recognised as one of the “Great Places to Work” as well as earning a position in Forbes “India’s Super 50 Companies”. As its Q3 FY24 Profit sees a rise with Revenue growing due to festive demand, the Company exhibits resilience despite global economic headwinds. At a time when logistics companies have been grappling with sluggish demand, increasing competition, and volatility in air turbine fuel (ATF) rates that form a large component of their expenditure, Blue Dart Express has displayed a relatively positive quarter.
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Source: Blue Dart Press release on BSE
