Blue Dart Express Reports Strong Q3 Performance with ₹1,51,169 Lakh Revenue

Mumbai, January 29, 2025 – Blue Dart Express Limited, South Asia's premier logistics and express air distribution company, announced its financial results for the third quarter of the fiscal year 2024-25. The company posted a revenue of ₹1,51,169 lakh (₹15,117 crore), reflecting its sustained market leadership and operational efficiency.

Financial Highlights​

For the quarter ending December 31, 2024, Blue Dart reported:

• Revenue from operations: ₹1,51,169 lakh (₹15,117 crore).
• Net Profit After Tax (PAT): ₹7,912 lakh (₹791 crore).
• Earnings per Share (EPS): ₹33.35 (Basic and Diluted).
• Total Comprehensive Income: ₹7,262 lakh (₹726 crore).

For the nine months ending December 31, 2024, the company’s performance remained strong:

• Total Revenue: ₹4,30,286 lakh (₹43,028.6 crore).
• Net Profit: ₹19,141 lakh (₹1,914 crore).
• EPS: ₹80.67.

The company attributed its performance to the growth in both B2B and B2C logistics segments, alongside disciplined execution of strategic initiatives to enhance efficiency and sustainability.

Operational Performance​

Blue Dart's cost optimization efforts and disciplined pricing strategy have supported robust profitability. The cost structure breakdown for the quarter is as follows:

• Freight, Handling & Servicing Costs: ₹1,06,119 lakh (₹10,611.9 crore).
• Employee Benefits Expenses: ₹18,169 lakh (₹1,816.9 crore).
• Finance Costs: ₹726 lakh (₹72.6 crore).
• Depreciation & Amortization: ₹5,215 lakh (₹521.5 crore).
• Other Expenses: ₹12,261 lakh (₹1,226.1 crore).

These figures underscore Blue Dart’s continued focus on technology-driven logistics and operational excellence.

Strategic Developments​

• Renewal of Aircraft Leasing Agreement: The company renewed its Aircraft, Crew, Maintenance, and Insurance Agreement (ACMI) with its wholly-owned subsidiary, Blue Dart Aviation Ltd., for a period of five years from April 1, 2025, to March 31, 2030.
• Reconstitution of Board Committees: Due to the retirement of Air Marshal M. McMahon (Retd.), the company approved new compositions for its Audit, CSR, Stakeholder Relationship, and Risk Management Committees.
• Re-appointment of Secretarial Auditor: Nilesh Shah & Associates was re-appointed for the financial year 2024-25 to ensure continued compliance with corporate governance and regulatory standards.

Future Outlook​

Managing Director Balfour Manuel emphasized Blue Dart’s commitment to sustainability, scalability, and operational excellence. "Our Q3 performance reflects the resilience of our diverse solutions. We continue to navigate market dynamics with a disciplined execution strategy, reinforcing our leadership position in the logistics sector," he stated.

With continued investments in automation, technology, and customer experience, Blue Dart aims to enhance its logistics ecosystem, expand market share, and maintain its industry leadership in the evolving Indian supply chain landscape.

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Stock Market Impact: Following the strong quarterly results, Blue Dart's share price is expected to react positively in the upcoming trading sessions, with investors likely focusing on its stable margins and growth trajectory.