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Hot Pursuit News

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(03 May 2024, 13:05)

Blue Dart rallies as Q4 PAT climbs 12% YoY to Rs 78 cr

Blue Dart Express advanced 4.36% to Rs 6,506.85 after the company reported 12.01% rise in consolidated net profit to Rs 77.78 crore on 8.74% increase in revenue from operations to Rs 1,322.87 crore in Q4 FY24 over Q4 FY23.

Profit before tax stood at Rs 104.94 crore in March 2024 quarter, up 8.6% on YoY basis.

On full year basis, the company's consolidated net profit decreased 18.76% to Rs 301.01 crore on 1.85% rise in revenue from operations to Rs 5,267.83 crore in FY24 over FY23.

The company said that during the period FY24, Blue Dart marked sustaining of revenue levels after significant surge observed in post-pandemic period.

Balfour Manuel, managing director of Blue Dart, said, “In FY24, our profit margin levels have been sustained amidst network expansion and infrastructure investments in the recent quarters. These initiatives included the establishment of crucial air routes through the acquisition of two 737 freighters and the inauguration of state-of-the-art facilities. With addition of n...

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