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Blue Dart: Near-term margins to stay elevated, upside could be limited

Record Q3 performance helps sustain stock price which is up 146 per cent over the last six months

Blue dart
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Higher volumes and cost cutting efforts helped the company post strong operating profit margins for the second consecutive quarter

Ram Prasad Sahu Mumbai
A recovery in demand helped India’s largest logistics player to post its highest quarterly revenues in the December quarter. 

The company posted a 21 per cent jump in revenues, led by higher business-to-business segment sales, festive season e-commerce, and an uptick in the small and medium enterprise business in smaller towns. Growth was led by both higher volumes, as well as realisations.

While document volumes continue to improve, they are yet to touch pre-Covid levels. The share of the business-to-consumer segment in overall revenue increased by from 18-20 per cent to 22-23 per cent in the quarter. The company indicated that sectors,

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First Published: Feb 22 2021 | 6:10 AM IST

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