Logistics company Blue Dart Express Ltd today posted 38.19 per cent rise in standalone net profit at Rs 34.13 crore for the quarter ended March 2018.
The company had posted a standalone net profit of Rs 24.52 crore in the year-ago period, Blue Dart Express said in a BSE filing.
Standalone income of the company increased to Rs 722.04 crore from Rs 682.23 crore in the year-ago period.
The company's managing director Anil Khanna said, "We have witnessed a sluggish market sentiment due to a challenging economic environment, slowing business growth, hyper-active competitive pressures in B2B and B2C, introduction of GST and initial hiccups in e-way bill implementation, etc."
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