Blue Dart Express Q4 Results: Sales at ₹5268 Crore, PAT at ₹289 Crore

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Synopsis:

For Blue Dart Express, the fourth quarter saw considerable growth in many aspects. With sales of ₹5268 Crore and Profit After Tax of ₹289 Crores in the fiscal year 2024. Its revenue from operations at ₹1323 Crore up by 8.7% YoY also saw quite a bit of rise, owing majorly to quite a few strategic investment decisions and the revenue growth of the company.

Introduction

Known as South Asia's premier express air, integrated transportation & distribution company, Blue Dart Express is a company everyone knows about. The company delivers consignments to more than 55,400 locations in India and these deliveries are made in an extremely secure manner. The company has a strong customer-centric approach, and it is always looking to strengthen its partnerships with its stakeholders. Blue Dart Express is part of DHL Group’s DHL eCommerce division. This enables the company to access a large express and logistics network worldwide. This network covers more than 220 countries and territories, offering a variety of distribution services. These services include air express, supply chain solutions, customs clearance etc. Blue Dart is also very conscientious about adhering to its social responsibility of giving back to the community. To maintain this aspect the company has started its GoPrograms like GoGreen for climate protection, GoHelp for disaster management and GoTeach for education.

Explore: Blue Dart Express Share Price

5 Key Financial Highlights

The fourth quarter for Blue Dart Express has seen quite significant and profitable growth trajectories. Here are some of the main highlights from the Blue Dart Express Q4 Results:

  • Sales at ₹5268 Crore
  • Profit after tax at ₹76 Crore up by 8.1% YoY
  • Revenue from operations at ₹1323 Crore up by 8.7% YoY
  • Profit Before Tax at ₹102.38 Crores 
  • Total Expenses at ₹1228.99 Crores

Additional Read: Quarterly Results

Key Business Updates:

Blue Dart Express has done quite well in its fourth quarter. Other than its numbers, the company also saw a few business updates this time around. Here are some of them:

  • The company has seen its volume grow with 9.5% growth in shipments and 4.4% growth in weights during the financial year.
  • Blue Dart also introduced innovative shipping platforms and forged strategic partnerships to help them take their operations up several notches
  • The company is also looking forward to establishing important air routes by acquiring two 737 freighters and the inauguration of state-of-the-art facilities.
  • The board of Blue Dart Express recommended the final dividend of ₹25 per share.

Additional Read:  Adani Green Q4 Result

Profitability Analysis:

In Q4FY24, Blue Dart Express saw considerable growth in its profit as well as the revenue from operations. The company saw sales of ₹5268 Crore and Profit After Tax of ₹76 Crores in the fourth quarter. Blue Dart Express also saw revenue from operations at ₹1323 Crore up by 8.7% YoY which they owe majorly to strategic investment decisions and the overall revenue growth of the company. In addition to this, the company has also seen a volume growth with 9.5% growth in shipments and 4.4% growth in weights during FY24.   

Additional Read: Tata Technologies Q4 Results

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of Blue Dart Express (in ₹ Crore)


Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q3FY24

Q4FY23

FY24

FY23

Revenue from Operations

1322.8

1382.93

1216.55

5267.83

5172.22

Total Expenses

1228.99

1299.76

1128.59

4925.97

4696

Profit Before Tax

102.38

105.04

94.46

382.79

498.74

Profit for the period

76.05

81.56

70.33

288.64

36.644

Total Comprehensive Income for the period

75.46

68.02

72.77

274.51

361.39

Net Worth

   

1438.6

1260.36

The Future of Blue Dart Express

With the numbers emerging when it comes to the Q4FY24 results of Blue Dart Express, it can be seen that the company is well on its way to a profitable future. The company is focused on offering faster deliveries across the country by strengthening its ground surface and air operations. The company is also looking forward to establishing important air routes by acquiring two 737 freighters and the inauguration of state-of-the-art facilities. The year 2024 also saw Blue Dart Express receive the ‘Top Employer and Best Organization for Women’ distinction. The company prides itself on being an ‘Equal Opportunity Employer,’ making sure that its policies and initiatives align with its idea of empowering women in the company. The future of the company will also see it leveraging automation and technology to deliver seamless, one-stop logistics solutions to its customers to provide them with exceptional service.

Additional ReadMRF Q4 Results

Conclusion

In the fourth quarter of FY24, Blue Dart Express, saw considerable growth in many aspects. The company recorded sales of ₹5268 Crore and Profit After Tax of ₹76 Crores in Q4FY24. To add to this, the company also recorded revenue from operations at ₹1323 Crore up by 8.7% YoY. With the volume growth with the 9.5% growth in shipments and 4.4% growth in weights during FY24, the company is looking at a brighter FY25.

Results for the Fourth Quarter Ended March 31, 2024

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Frequently Asked Questions

What is the revenue that Blue Dart Express has been able to make in Q4?

Answer Field

The company also recorded revenue from operations at ₹1323 Crore up by 8.7% YoY.

What is the future outlook for Blue Dart Express after the release of the Q4 results?

Answer Field

With the numbers emerging when it comes to the Q4FY24 results of Blue Dart Express, it can be seen that the company is well on its way to a profitable future. The company is focused on offering faster deliveries across the country by strengthening its ground surface and air operations. The future of the company will also see it leveraging automation and technology to deliver seamless, one-stop logistics solutions to its customers to provide them with exceptional service.

What are some of the main business updates for Blue Dart Express?

Answer Field

Apart from the obvious benefits that can be seen in the company’s Q4 results, Blue Dart Express has also seen other business updates in FY24. Here is a list of some of them:

  • The company has seen its volume grow with 9.5% growth in shipments and 4.4% growth in weights during the financial year.

  • Blue Dart also introduced innovative shipping platforms and forged strategic 

  • partnerships to help them take their operations up several notches

  • The company is also looking forward to establishing important air routes by acquiring two 737 freighters and the inauguration of state-of-the-art facilities.

  • The board of Blue Dart Express recommended the final dividend of ₹25 per share.

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