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Transportation-Logistics company Blue Dart Express announced Q4FY24 & FY24 results:

FY24 Financial Highlights:

During the FY24, revenue from operations stood at Rs 52,678 million, accompanied by a profit after tax of Rs 2,886 million. This marks sustaining of revenue levels after significant surge observed in post-pandemic period.

Q4FY24 Financial Highlights:

Revenue from operations for the Q4FY24, is at Rs 13,229 million with a growth of 8.7%, and profit after tax is Rs 761 million with a growth of 8.1%, signifying the growth rates getting further momentum in the last quarter vs. full year.

Reflecting on the company's performance, Balfour Manuel, Managing Director, Blue Dart Express, stated, "In FY24, our profit margin levels have been sustained amidst network expansion and infrastructure investments in the recent quarters. These initiatives included the establishment of crucial air routes through the acquisition of two 737 freighters and the inauguration of state-of-the-art facilities. With addition of network and capacities, the growth in volumes in picking up additional momentum. The volumes have continued to grow with 9.5% growth in shipments and 4.4% growth in weights during the financial year. Additionally, we introduced innovative shipping platforms and forged strategic partnerships to further enhance our operations. These efforts signify our commitment to improving customer experience and strengthening market position. Amidst this trajectory of growth, we have consistently maintained operational efficiency, serving as a testament to our pursuit of excellence."

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