Blue Dart

The company, which competes with Delhivery and IPO-bound Shadowfax, said its consolidated net profit fell 8.6 per cent to 488.3 million Indian rupees ($5.62 million)in the quarter ended June 30

Logistics company Blue Dart Express Ltd on Monday reported a 29 per cent decline in its consolidated net profit to Rs 55.15 crore for the March quarter of FY25. The company had reported a net profit of Rs 77.78 crore in the year-ago period, according to a regulatory filing from Blue Dart Express. However, its revenue from operations rose 7.13 per cent to Rs 1,417.32 crore in the March Quarter. It was Rs 1,322.87 crore in the corresponding quarter a year ago. Its total expenses in the March quarter increased 9.72 per cent to Rs 1,348.55 crore. For the entire 2024-25, Blue Dart Express' profit fell 16.14 per cent to Rs 252.42 crore from Rs 301.01 crore a year ago. Blue Dart Express' total consolidated income rose 8.3 per cent to Rs 5,762.16 crore. Its Managing Director Balfour Manuel said: "Our focus in FY25 was on delivering consistency, maintaining service quality, and enhancing our offering strength with significant investments towards our aviation capabilities and infrastructur

The fall in the Blue Dart share price came after the company reported a weak set of September quarter results (Q2FY25)

Courier services provider Blue Dart Express on Monday said it will increase the prices of its shipments between 9-12 per cent from January 1, 2025. The pricing adjustments for 2025, which include inflationary adjustments and cost rationalisation, are designed to partly cover spiraling long-term costs, such as rising input costs to operations, including airline operating costs and infrastructure costs, among others, the company said. Blue Dart will implement the General Price Increase (GPI) from January 1. The average price increase will be in the range of 9 to 12 per cent, depending on product variabilities and the shipping profile, Blue Dart said in a statement. This essential decision ensures the continued provision of quality service, while fostering sustainable ecosystem collaboration, it stated. "This price adjustment is essential for sustaining our operational excellence, while continuing to offer solutions centered on the needs of our stakeholders. In conjunction with our .

Logistics operator Blue Dart on Tuesday said it has expanded its direct reach to over 300 pin codes, which represents a significant increase in the company's direct coverage capabilities. By leveraging Blue Dart's connectivity to these additional pin codes, businesses can enhance their supply efficiency through faster, safer, and more cost-effective movements, the company said. Besides, the customers will also benefit from improved transit times, reliability, and access to a broader network. "By expanding our direct reach to more pin codes, we enhance accessibility and empower SMEs and MSMEs to connect and expand their business to both domestic and international markets," said Balfour Manuel, Managing Director at Blue Dart. Blue Dart offers an extensive service network covering over 56,000 locations nationwide. ***** *IHCL inks pact for greenfield resort in Rajasthan Indian Hotels Company (IHCL) on Tuesday announced the signing of a 200-key greenfield resort in Sawai Madhopur, .

The uptick in share price came after the company rolled out drone delivery service in pact with Skye Air, a drone delivery service provider

At 6:35 AM, GIFT Nifty futures indicated a slight uptick, trading 21 points higher at 23,525 compared to their previous close

Drone delivery is a major step towards sustainable, swift, and eco-friendly solutions, Blue Dart said

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"Bharat Dart is poised to refine express logistics services in Bharat, offering unmatched speed, coverage, and business of all sizes, " the logistics firm said

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Logistic companies are also launching multiple initiatives to increase the participation of women

Its total income rose to Rs 1,225.22 crore from Rs 1,169.52 crore in the January-March period of FY22

Blue Dart on Friday said it has set up 25 retail outlets in Tier-I and Tier-II towns as part of its expansion roadmap. Besides these 25 retails outlets, the company plans to establish 100 similar facilities. These stores have opened in Uttarakhand, Haryana, Uttar Pradesh, Rajasthan, Punjab, West Bengal, Odisha, Telangana, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Goa, and Gujarat, Blue Dart said in a statement. The company said it now serves over 55,400 locations. "Blue Dart's store expansion will increase accessibility for our customers and expand our network. To strengthen last-mile logistics to the farthest reaches of the country, we will continue to locate in new areas and broaden our reach," said Ketan Kulkarni, Chief Commercial Officer at Blue Dart.

Blue Dart said high inflation, rising interest rate, and high input costs have all taken a toll on the margins of the business

Margin levels could see an improvement on higher volumes, price hike

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The company plans to add Boeing 737 aircraft to its fleet in order to access to multiple smaller Indian airports