Blue Dart Express

The fall in the Blue Dart share price came after the company reported a weak set of September quarter results (Q2FY25)

The company's consolidated net profit was Rs 62.84 crore ($7.5 million) for the quarter ended Sept. 30, down 14 per cent from a year ago

Blue Dart Express stock price surged as much as 7.08 per cent at Rs 8,778 per share on the BSE

Courier services provider Blue Dart Express on Monday said it will increase the prices of its shipments between 9-12 per cent from January 1, 2025. The pricing adjustments for 2025, which include inflationary adjustments and cost rationalisation, are designed to partly cover spiraling long-term costs, such as rising input costs to operations, including airline operating costs and infrastructure costs, among others, the company said. Blue Dart will implement the General Price Increase (GPI) from January 1. The average price increase will be in the range of 9 to 12 per cent, depending on product variabilities and the shipping profile, Blue Dart said in a statement. This essential decision ensures the continued provision of quality service, while fostering sustainable ecosystem collaboration, it stated. "This price adjustment is essential for sustaining our operational excellence, while continuing to offer solutions centered on the needs of our stakeholders. In conjunction with our .

Logistics company Blue Dart Express on Friday reported 12.82 per cent decline in consolidated net profit at Rs 53.42 crore for June quarter 2024-25. The company had logged a net profit of Rs 61.28 crore in April-June FY24, according to a regulatory filing by Blue Dart Express. However, revenue from operations was up 8.5 per cent to Rs 1,342.71 crore from Rs 1,237.55 crore a year ago. Total expenses in June quarter FY25 were higher by 9.81 per cent to Rs 1,279.76 crore. Total income was at Rs 1,351.79 crore, up 8.33 per cent from the year-ago period. "We are optimistic about the growth opportunities that align with the country's development. By expanding our network, leveraging technology, and enhancing service capabilities, we are well-positioned to seize emerging opportunities and deliver exceptional value to our customers and stakeholders," Managing Director Balfour Manuel said. Meanwhile, in a separate filing, Blue Dart informed that its board has approved the appointment of .

The uptick in share price came after the company rolled out drone delivery service in pact with Skye Air, a drone delivery service provider

Drone delivery is a major step towards sustainable, swift, and eco-friendly solutions, Blue Dart said

Logistics company Blue Dart Express on Thursday reported a consolidated net profit of Rs 77.78 crore for the March quarter, registering a 12 per cent increase on the back of revenue growth. The company had reported a net profit of Rs 69.44 crore in the year-ago period. The express air integrated transportation, and distribution logistics company, declared its financial results on Thursday for the March quarter and the entire 2023-24 fiscal year at its board meeting held in Mumbai. Blue Dart's total income for the fourth quarter stood at Rs 1,333.93 crore, as against Rs 1,225.22 crore a year ago, a regulatory filing showed. "In FY24, our profit margin levels have been sustained amidst network expansion and infrastructure investments in 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," Blue Dart Express Managing Director Balfour Manuel said.

Logistic companies have been grappling with increased competition, slow demand and volatile air turbine fuel (ATF) rates, which form a major part of their expenses

Logistics firm Blue Dart Express Ltd on Monday announced its plans for nationwide expansion with the inauguration of 40 new franchisees and company-owned retail outlets. With this expansion, the company increased its footprint with over 100 plus new stores this year, enabling customers to ship to more than 56,000 locations across India. Strategically positioned in cities like Kolkata, Delhi and Mumbai, this expansion indicates a significant step towards strengthening Blue Dart's connectivity across the nation, the company said in a statement. Blue Dart Managing Director Balfour Manuel said that the company is strategically expanding its footprint by adding new stores. "This move aims not only to enhance customer convenience but also to fortify last-mile logistics in remote corners of the country," Manuel explained. Blue Dart Express offers delivery of consignments of over 56,000 plus locations in the country.

Digital parcel lockers have been introduced at select post offices and can be accessed through designated codes, allowing for flexible delivery and collection times

Blue Dart Express Limited on Tuesday announced an increase in shipment prices effective from January 1, saying the average hike will be 9.6 per cent as compared to the current prices, depending on the shipping profile. The company in a statement said customers signing up from October 1 to December 31, 2023 will not be impacted by the price increase. It said Blue Dart reviews and adjusts its pricing annually. This adjustment considers a multitude of factors including the current macroeconomic factors, geopolitical tensions, tighter monetary and fiscal policies, inflationary pressures, and exchange rate fluctuations, all of which impact the cost structure, the company added. Elaborating on the announcement, Blue Dart Managing Director Balfour Manuel said: "Our annual rate adjustment primarily aligns with inflation and empowers us to maintain service excellence while addressing rising costs." Blue Dart Express Limited, air and integrated transportation and distribution express logist

Operating profit margins expected to rise 13% in FY25 on better capacity utilisation, lower Brent-ATF disparity

Aviation turbine fuel, which accounts for about 40% of operating costs for express logistics companies, corrected sequentially during the June-quarter

Improving volumes, lower ATF prices have boosted sentiment

The company also appointed VN Iyer as group chief financial officer

Its total income rose to Rs 1,225.22 crore from Rs 1,169.52 crore in the January-March period of FY22

BENGALURU (Reuters) - Indian courier services provider Blue Dart Express reported a 28.2% fall in quarterly profit on Wednesday, as high fuel costs hit margins, while demand also slowed.

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Blue Dart on Friday said it has set up 25 retail outlets in Tier-I and Tier-II towns as part of its expansion roadmap. Besides these 25 retails outlets, the company plans to establish 100 similar facilities. These stores have opened in Uttarakhand, Haryana, Uttar Pradesh, Rajasthan, Punjab, West Bengal, Odisha, Telangana, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Goa, and Gujarat, Blue Dart said in a statement. The company said it now serves over 55,400 locations. "Blue Dart's store expansion will increase accessibility for our customers and expand our network. To strengthen last-mile logistics to the farthest reaches of the country, we will continue to locate in new areas and broaden our reach," said Ketan Kulkarni, Chief Commercial Officer at Blue Dart.