Blue Dart Express advances after robust Q1 outcome

Blue Dart Express gained 5.01% to Rs 6,857.70 at 10:21 IST on BSE after consolidated net profit rose 29.1% to Rs 10.82 crore on 30.2% rise in net sales to Rs 129.99 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours yesterday, 29 July 2015.

Meanwhile, the BSE Sensex was up 214.57 points, or 0.78%, to 27,778

On BSE, so far 2,857 shares were traded in the counter, compared with an average volume of 738 shares in the past one quarter.

The stock hit a high of Rs 7,048.80 and a low of Rs 6,645 so far during the day. The stock hit a 52-week high of Rs 7,850 on 14 January 2015. The stock hit a 52-week low of Rs 3,700 on 5 August 2014.

The stock had outperformed the market over the past one month till 29 July 2015, rising 8.82% compared with Sensex's 0.3% decline. The scrip had also outperformed the market in past one quarter, gaining 16.35% as against Sensex's 1.24% gain.

The large-cap company has equity capital of Rs 23.73 crore. Face value per share is Rs 10.

Anil Khanna, Managing Director, Blue Dart Express said that the macroeconomic environment continues to be sluggish, which has further stifled the growth of the industry. Despite this, the company has worked on constant innovation by strengthening product portfolio to serve customers with solutions that match up to meet their dynamic and evolving business needs.

Blue Dart Express is South Asia's premier courier, and integrated express package distribution company.

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