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Blue Dart: Muted volumes, revenues amid high costs to weigh on margins

Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore

Topics
Blue Dart Express | Blue Dart | courier service

Ram Prasad Sahu  |  New Delhi 

Blue dart
The company had undertaken cost restructuring exercises in Q2 and Q3 of FY20 to bring down costs

Weak margin performance in the March quarter and lack of revenue visibility in the near term led to a 3.4 per cent dip in the stock price of Express. India’s largest listed logistics company by market capitalisation reported a 7 per cent fall in revenues due to an estimated Rs 100 crore revenue loss towards the end of March. Volume decline was higher than overall revenue fall as the company raised prices for select customers in January and February.

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First Published: Wed, May 27 2020. 17:53 IST
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