Blue Dart Express Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Blue Dart Express Ltd reported a 4.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.3%.
- Its expenses for the quarter were up by 3.1% QoQ and 8.8% YoY.
- The net profit increased 28.9% QoQ and decreased 8.9% YoY.
- The earnings per share (EPS) of Blue Dart Express Ltd stood at 34.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1523.65 | 1457.13 | 1407.28 | 4.6% | 8.3% |
Total Expenses | 1414.39 | 1372.22 | 1299.76 | 3.1% | 8.8% |
Profit Before Tax | 109.26 | 84.91 | 107.52 | 28.7% | 1.6% |
Tax | 28.25 | 22.07 | 18.63 | 28.0% | 51.6% |
Profit After Tax | 81.01 | 62.84 | 88.89 | 28.9% | -8.9% |
Earnings Per Share | 34.10 | 26.50 | 37.50 | 28.7% | -9.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Blue Dart Express Ltd is a prominent logistics and courier company based in India. It primarily operates in the transportation and distribution sector, providing courier delivery services and supply chain solutions. The company is known for its extensive domestic network and international affiliations, which enable it to offer comprehensive logistics services. Blue Dart is part of the Deutsche Post DHL Group, a global leader in logistics services. In recent times, the company has focused on expanding its service offerings and enhancing its infrastructure to cater to the growing demand for efficient logistics solutions in India.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Blue Dart Express Ltd reported a total income of ₹1,523.65 crores, which marks an increase from ₹1,457.13 crores in the previous quarter (Q2FY25), resulting in a quarter-over-quarter (QoQ) growth of 4.6%. Compared to the same quarter in the previous year (Q3FY24), where the total income was ₹1,407.28 crores, there is a year-over-year (YoY) growth of 8.3%. This upward trend in total income signifies a robust revenue performance for the company over the analyzed periods.
Profitability
The profit before tax (PBT) for Q3FY25 stood at ₹109.26 crores, showing a significant quarter-over-quarter increase of 28.7% from ₹84.91 crores in Q2FY25. When compared to Q3FY24, where the PBT was ₹107.52 crores, the year-over-year growth is 1.6%. After accounting for taxes of ₹28.25 crores, which saw a substantial YoY increase of 51.6%, the profit after tax (PAT) for Q3FY25 was ₹81.01 crores. This reflects a notable QoQ increase of 28.9% from ₹62.84 crores in Q2FY25, albeit a YoY decline of 8.9% compared to ₹88.89 crores in Q3FY24. Earnings per share (EPS) for the quarter was ₹34.10, up 28.7% QoQ, but down 9.1% YoY.
Operating Metrics
Blue Dart’s total expenses for Q3FY25 amounted to ₹1,414.39 crores, which represents a 3.1% increase from ₹1,372.22 crores in Q2FY25 and an 8.8% rise from ₹1,299.76 crores in Q3FY24. The increase in expenses is consistent with the rise in total income, indicating scalability in operations. The tax expense increase of 51.6% YoY indicates a higher effective tax rate or changes in tax provisions. The company’s financial performance metrics, including EPS and profitability margins, reflect the dynamic nature of its operations and cost structure adjustments over the analyzed periods.
