Blue Dart Express, the DHL-owned Indian domestic express company, has announced a highdouble-digit jump in profits for the third quarter ended September 30, 2011, and for the first nine
months of 2011.The company’s operating revenues, including fuel surcharges, rose by 32.4% to Rs 3,888 million(€56.4 million) in the third quarter. It posted a net profit of Rs. 297.5 million (€4.3 million)for the quarter, which was 42% higher than the Rs 209.8 million result one year earlier.
Over the first nine months of 2011, the domestic express market leader increased revenues by32.3% to Rs 10,961 million (€159.1 million) from last year’s Rs 8,285 million. Its net profit rose41.9% to Rs 998.7 million (€14.5 million) from last year’s Rs 704 million.
The figures maintain Blue Dart’s strong double-digit growth this year which follows a goodrecovery in 2010 from the previous year’s downturn. DHL Express owns 81.03% of the company’s sharesand the rest are traded on the Bombay Stock Exchange. The company’s share price has risen steadilythis year from the Rs 1,000 level at the start of the year to above the Rs 1,500 – 1,600 level.
Anil Khanna, Managing Director, Blue Dart Express Ltd. said, “As always, our teams have workedvery hard and I would like to thank our passionate and dedicated employees, our loyal customers andthe governmental agencies and the industry bodies for their unstinted support and backing. BlueDart is committed to provide customers world-class and benchmarked services, we are steadfast inour efforts to remain an employer of choice and be a trend-setter in the industry.”
