Blue Dart Q3 net profit up 29%
Blue Dart reported a 29 percent increase in consolidated net profit at Rs 123 crore for the third quarter ended December 31, 2022 compared to the previous fiscal. Revenue from operations increased 21 percent to Rs 1,255 crore.
'Our results reflect our efforts in continuing to remain a provider of choice, employer of choice and an investment of choice," says Balfour Manuel, Managing Director, Blue Dart. "The company has witnessed strong growth during Q3FY21-22 owing to heightened business activity from key industry verticals. We continue to invest in our capabilities in order to fulfil our role as the nation's trade facilitator."
Blue Dart carried 190.86 million shipments weighing 682,854 tons during the nine months ended December 31,, 2021.
The company has also proposed an interim dividend of ₹25/- to be paid in February 2022.
Manuel added that 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."
