Blue Dart’s Quarter 3 profit soars 30%

• Revenue up by 21%; the EBITDA margin 16.8 %

• Interim dividend in February 2022

Blue Dart Express Limited, South Asia's premier express air and integrated transportation & distribution company, declared its financial results for the quarter ended December 31st, 2021, at its Board Meeting held in Mumbai.

The company posted ₹122.18 crores profit after tax for the quarter ended December 31st, 2021 (previous year, profit after tax for the corresponding quarter was ₹93.78 crores). Revenue from operations for the quarter ended December 31st, 2021 stood at ₹1,254.75 crores with a growth of 21% over the same quarter from the previous year. EBITDA for the quarter is ₹ 211.68 crores, a growth of 15% over the same quarter last year. EBITDA margin stood at 16.8%,

Blue Dart’s strong financial performance over the preceding quarters have paved the way for the Express Logistics Provider’s credit rating to be reviewed by the ICRA as well as India Ratings and Research to AA+. True to its promise of being an Investment of Choice, the company has also proposed to reward shareholders with an interim dividend of ₹25/- (Rupees Twenty Five) per share, which will be paid in February 2022.

Performance Highlights: Q3 FY21-22 vs. Q3 FY20-21

Balfour Manuel, Managing Director, Blue Dart says, “Our results reflect our efforts in continuing to remain a Provider of Choice, Employer of Choice and an Investment of Choice. The company has witnessed strong growth during Q3 of FY21-22 owing to heightened business activity from key industry verticals. I am pleased to share that the Board has announced payment of dividends to our shareholders. While the nascent stages of the third wave of the pandemic had begun to take shape towards the end of the quarter, Blue Dart’s succinct focus on delivering excellence, driven through innovation and digitisation were the main contributors to our profit margin. Apart from this, growth in demand due to the festive season, our ability to provide incomparable service quality despite a surge in volumes and our extensive reach has helped us remain a ‘Customer Trusted Brand’. We continue to invest in our capabilities in order to fulfil our role as the Nation’s Trade Facilitator.”

Speaking about the future outlook, he says, “While economic indicators, towards the end of the quarter, pointed towards green-shoots emerging in the economy, the surge in cases due to new variants of the coronavirus indicate a slow-down in recovery. However, we remain cautiously optimistic for what the future holds, especially as we work towards building a sustainable business that stands to benefit our stakeholders by providing them with responsible solutions that safeguard our planet.”  

Blue Dart’s market differentiator, apart from its capabilities and its commitment to its customers, remains its ability to curate innovative individualized solutions for every logistics requirement. Over the course of the quarter, the organization continued to deliver excellence across a wide range of its customer segments including eCommerce, Consumer Durables, Consumer Electronics, Automotive, Banking etc.

The organization has increasingly emphasized on its technological prowess, in alignment with the Deutsche Post DHL Group’s ‘Strategy 2025 – Delivering Excellence in a Digital World’, which is leveraged to provide on-time deliveries, especially in the face of high demand. In light of this, Blue Dart continues to invest in innovation and technology to ensure a future-ready supply chain that has the ability to remain operational, even in the event of another unprecedented crisis. Most recently, the company has invested in building a tech-first infrastructure by launching the Blue Dart Med-Express Consortium that leverages the efficiency and increased reach provided by drone flights and has also revamped its C2PC operational module. Apart from investing in enhancing customer experience, Blue Dart also continues to invest in its People, Brand and Corporate Social Responsibility. Introducing several ‘Learning and Development’ initiatives for its teams as well as making Diversity and Inclusion a key part of its ‘People First’ philosophy, the organization continues to build a work culture that encourages growth.

Blue Dart continues to focus on delivering Exceptional Service Quality at all times and provides its customers with one-stop, hassle-free solutions to all their logistics requirements. In its journey to delight its customers, the company carried 1,909 lakh shipments weighing 6,82,854 tons during the nine months ended December 31st 2021.

Blue Dart is strongly committed to giving back to the communities and the environment in which it operates. The company has clear Sustainability Goals of its own that it aims to achieve by following a well-detailed Sustainability Roadmap. The roadmap encompasses three crucial elements: Clean Operations for Climate Protection (Environment), a Great Company to Work for all (Social) as well as building a Highly Trusted Company (Governance). Following the roadmap, Blue Dart seeks to make a lasting impact on communities through its ‘Go Programs’ - GoTeach (Championing education), GoGreen (Protecting the environment) and GoHelp (Disaster management response) that align with the UN Sustainable Development Goals. Additionally, Blue Dart recently won two ACEF Gold Awards for its widely recognized Blue Edge: Improving Lives Program that has empowered the lives of around 3,700 young adults and for its GoGreen initiatives where the organization has planted 555,000 trees till date.

About Blue Dart:

Blue Dart Express Ltd., South Asia's premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 35,000 locations in India. As part of Deutsche Post DHL Group’s DHL eCommerce Solutions division, Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories, and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions, customs clearance etc.

The Blue Dart team drives market leadership through its motivated people, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart's market leadership is further validated by its position as the nation’s most innovative and awarded express logistics company for exhibiting reliability, superior brand experience and sustainability which include recognition as one of ‘India's Best Companies to Work For’ by The Great Place to Work® Institute, India, ranked amongst ‘Best Multinational Workplaces in Asia’ by The Great Place to Work® Institute, Asia,  voted a ‘Superbrand’ and ‘Reader’s Digest Most Trusted Brand’, listed as one of Fortune 500’s ‘India's Largest Corporations’ and Forbes ‘India's Super 50 Companies’ to name a few.

Blue Dart fulfils its social responsibility of climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach) through programs.

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marketing@bluedart.com

Dated : January 28, 2022