Blue Dart declares quarterly results, sales increase by 10 per cent

South Asia's premier express air and integrated transportation & distribution company Blue Dart Express (BDE) has announced its year ending quarterly results on Friday. During the year ended March 31, 2016, Blue Dart has handled over 159.48 million domestic shipments, 0.89 million international shipments and over 595,623 tonnes of documents and parcels across the nation and 220 countries worldwide.

Anil Khanna, managing director of Blue Dart said, "It has been a tumultuous financial year for the express industry and as a business Blue Dart continues to face insurmountable challenges every day. However, Blue Dart has displayed a modest performance due to our clear focus on cost rationalisation and efficiency to increase EBIT margins even under difficult economic conditions. We have aggressively championed the B2C segment, especially e-tail, without any dilution to the B2B business". 

He adds, "We will steer our business further through automation & technology enhancement, by strengthening our network and improving our service quality while continuing with our insanely customer centric-culture with the support of our highly enthusiastic and passionate team.

On financial front, the net revenue from operations reached Rs 630 crores in Q4FY16 compared to Rs 571 crores in Q4FY15, an increase of 10.29 per cent year on year (YoY). The EBITDA stands at Rs 69 crores this quarter compared to Rs 68 crores in Q4FY15, an increase of 2.24 per cent YoY. EBITDA margin stands at 11 per cent compared to 11.89 per cent for the same period last year. The slow increase in EBITDA is attributed to increase in other expenses of company,  which have increased by 9.79 per cent YoY. The net profit of company stands at Rs 40.5 crores compared to 35 crores in Q4FY15, an increase of 16.55 per cent YoY.

On valuation front the Trailing Twelve Month P/E of company stands at 82.15 compared to industry P/E of 107.32. The stock of company closed at 6374.75 on Wednesday, an increase of 1.17 per cent from previous close.

BDE is an express air and integrated transportation and distribution company. The Company offers delivery of consignments to approximately 34,257 locations in India and services approximately 220 countries and territories worldwide. The Company's technology-based business offerings include InternetDart, ShopTrack, PackTrack, MobileDart, ShipDart and ImageDart.