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Business EconomyPosted at: Oct 29 2020 8:18PM


Blue Dart posts 414 million profit after tax

Kolkata, Oct 29 (UNI) Blue Dart Express Limited, South Asia's premier express air and
integrated transportation & Distribution Company, on Thursday reported Rs 414 million
profit after tax (previous year Rs 140 Million) for the quarter ended September 30, 2020.
Revenue from operations for the quarter ended September 30, 2020 stood at
Rs 8,644 million.
The Covid19 pandemic posed a challenging time for all. Blue Dart not only weathered
these challenges successfully, but also continued to ensure unmatched service delivery
to its customers.
To appreciate the hard work put in by its employees, Blue Dart being part of the DP-DHL
Group which strongly believes in People First Policy, paid one-time ex-gratia of Rs 26,238
(€300) to each Blue Darter (excluding Senior Management) in September 2020. This one
time ex-gratia had an impact of Rs 342 million during the quarter.
Balfour Manuel, Managing Director, Blue Dart said, “Macroeconomic indicators as well as
the opening up of the economy signals a greener future for the nation. We see our customers’ businesses coming back on track with an exciting festive season around the corner for which
we are fully prepared. We are cautiously optimistic for what the future holds for the economy
as a second wave of pandemic is expected to hit the Country in the winter season. We have
also consolidated our position over this quarter for our key products.”
“As pharmaceutical organizations and the Government of India work in tandem to roll out a COVID-19 vaccine, Blue Dart is gearing up to provide logistics support when a prospective
vaccine candidate does arrive. Blue Dart’s Resilience, Responsiveness, Safe & Reliable
network continues to be the reason we remain the Government’s as well as every citizen’s
trusted express logistics provider. Our employees as well as our market-leading technology
continue to remain our primary differentiators as a premium brand,” Mr Manuel said.
He added that “Blue Dart continued to provide unrelenting support to customers across
industry verticals through the pandemic. These efforts were richly appreciated by our customers
at various forums. Blue Dart has navigated through the crisis well. Performance during the
quarter has been supported by better revenue realization and cost efficiencies initiatives.”
UNI BM SJC
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