DHL-owned Blue Dart Express, the leading Indian air express operator, today unveileddouble-digit revenue growth and doubled profits for Q4, 2012, and double-digit increases for the
full calendar year despite low economic growth in India.The company, in which DHL Express holds 75%, increased net profits by 20.5% to Rs 1.47bn(€20.3m) in 2012 from Rs 1.22bn the previous year. Its operating revenues increased to Rs 17.2bn(€237m), up 15.4% from Rs 14.9 billion in 2011.
In the October-December fourth quarter, Blue Dart revenues grew by 16.5% to Rs 4.6bn (€63.4m)and net profits doubled to Rs 450m (€6.2m) from Rs 224m.
In 2011, Blue Dart’s domestic volumes grew 13.6% to 98.85 million shipments while internationalshipments grew to 0.8 million from 0.7 million the previous year. No volume figures for 2012 werereleased.
Anil Khanna, Managing Director, Blue Dart Express Limited, said: “Over the years, Blue Dart hasevolved to become synonymous with reliability and trustworthiness. We consciously made an effort tobond with our customers and deliver quality, value, speed, efficiency, responsiveness and serviceexperience. We have worked as one team with grit and determination to overcome challenges largelydriven by a slowdown and worst GDP growth in a decade. We would like to thank our customers,employees, shareholders, partners and all other stakeholders for their commitment and support.”
The company has also changed its accounting year to commence from 1st April of every year and toend on 31st March of the following year, to proactively comply with the proposed Companies Bill2012. This means the company’s current accounting period will be for a 15-month period from January1, 2012 to March 31, 2013.
