Blue dart net up 33% to Rs 45.59 cr

Blue Dart Express Ltd today reported 33.46 per cent jump in standalone net profit at Rs 45.59 crore for the April-June quarter of the current fiscal on higher sales.
The integrated transportation, distribution and logistics company had reported net profit of Rs 34.16 lakh in the same quarter of the previous fiscal.
Net sales of the company increased to Rs 619.60 crore during the first quarter of 2015-16, from Rs 526.94 crore in the same quarter of 2014-15.
Its total expenses increased to Rs 548.33 crore during the quarter from Rs 479.60 crore in the year-ago period.
Blue Dart Express Ltd Managing Director Anil Khanna said: "The macroeconomic environment continues to be sluggish, which has further stifled the growth of our industry. Despite this, we have worked on constant innovation by strengthening our product portfolio to serve our customers with solutions that match up to meet their dynamic and evolving business needs."

The company is committed to sustaining its leadership position in the air and ground express segments, he said.
The Blue Dart stock closed at Rs 6,530.45, up 1.20 per cent from the previous close.