Blue Dart Express, the DHL-owned Indian domestic air express market leader, improved its profitsdramatically in the first quarter of 2013.
The listed company, in which DHL Express holds a 75 per cent stake, increased revenues by 8.4per cent to Rs 4.45 billion (€62.9 million) in the quarter ended March 31, 2013. Its operatingprofits shot up 32 per cent to Rs 584 million (€8.2 million) while net profits improved 43 per centto Rs 417 million (€5.9 million).
The company also issued figures for the one-off, 15-month year from January 2012 to March2013 which resulted from its changeover to an April – March accounting year in line with theproposed Companies Bill 2012.
Blue Dart said it posted a Rs 1.9 billion (€26.8 million) after tax profit for the fifteenmonths period ended 31st March, 2013 while operating revenue stood at Rs 21.6 billion (€305million). During the 15 months ended March 31, 2013, the company handled over 141.7 milliondomestic shipments, 1 million international shipments and over 594,900 tonnes of documents andparcels.
In 2011, Blue Dart Express had a net profit of Rs 1.2 bn on revenues of Rs 14.9 billion,carried 99 million domestic shipments and 0.8 million international shipments, and delivered over423,200 tonnes of documents and parcels.
Anil Khanna, Managing Director, Blue Dart Express Limited stated: “In spite of thechallenging macro-economic environment, we will continue to invest in our customers. Blue Dartcontinues to enjoy high customer satisfaction and net promoter scores in the industry which is avalidation of our service excellence and customer delight.”
