Blue Dart Express Ltd, a top logistics firm, said on Monday that it posted a 29 percent decline in its consolidated net profit, slipping to Rs 55.15 crore for the March quarter of fiscal year 2025.
Compared to the same quarter last year, the company had reported a net profit of Rs 77.78 crore, according to a regulatory filing of Blue Dart Express.
While the profit fell, the operating revenue of the company grew by 7.13 percent to Rs 1,417.32 crore in the March quarter, up from Rs 1,322.87 crore in the same quarter of the previous year.
Total expenses also grew, rising 9.72 percent to Rs 1,348.55 crore in the quarter.
For the entire financial year 2024-25, Blue Dart Express' net profit fell 16.14 percent to Rs 252.42 crore, compared to Rs 301.01 crore in the previous year.
The total consolidated income of the company increased by 8.3 percent and stood at Rs 5,762.16 crore.
Blue Dart Express Managing Director Balfour Manuel stated: "In FY25, our focus was on delivering consistency, upholding service quality, and enhancing our offerings through strategic investments in aviation capacity and infrastructure. This philosophy will continue as we set ourselves up for the future."
He said these investments were done with a long-term perspective, several being front-loaded in expectation of future growth in business and cost rationalization.
Looking forward to FY26, Manuel was optimistic in a guarded manner despite the uncertainties from outside, observing, "Blue Dart will remain focused on investing in network growth, digitalization capabilities, and integrating green practices."
On Monday, Blue Dart Express Ltd shares closed at Rs 7,183.65 on the BSE, down 2.39 percent.
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