Blue Dart announces Q2 results, Sales at ₹8,644 million

blue-dart-announces-q2-results-sales-at-8-644-million

Hyderabad, October 30, 2020.


Blue Dart Express Limited, South Asia's premier express air and integrated transportation & distribution company, declared its financial results today for the quarter July

– September 2020, at the Board Meeting held in Mumbai.

 

The company posted ₹414 million profit after tax (previous year ₹140 Million) for the quarter ended September 30, 2020. Revenue from operations for the quarter ended September 30, 2020 stood at

₹8,644 million.

 

The Covid19 pandemic posed a challenging time for all. Blue Dart not only weathered these challenges successfully, but also continued to ensure unmatched service delivery to its customers. To appreciate the hard work put in by its employees, Blue Dart being part of the DP-DHL Group which strongly believes in People First Policy, paid one-time ex-gratia of ₹26,238 (€300) to each Blue Darter (excluding Senior Management) in September 2020. This one time ex-gratia had an impact of ₹342 million during the quarter.



Balfour Manuel, Managing Director, Blue Dart said, “Macroeconomic indicators as well as the opening up of the economy signals a greener future for the nation. We see our customers’ businesses coming back on track with an exciting festive season around the corner for which we are fully prepared. We are cautiously optimistic for what the future holds for the economy as a second wave of pandemic is expected to hit the Country in the winter season. We have also consolidated our position over this quarter for our key products. As pharmaceutical organizations and the Government of India work in tandem to roll out a COVID-19 vaccine, Blue Dart is gearing up to provide logistics support when a prospective vaccine candidate does arrive. Blue Dart’s Resilience, Responsiveness, Safe & Reliable network continues to be the reason we remain the Government’s as well as every citizen’s trusted express logistics provider. Our employees as well as our market-leading technology continue to remain our primary differentiators as a premium brand.”