Mumbai-based Blue Dart Express, an express air and integrated transportation and distribution company, reported a 55 percent increase in consolidated revenue from operations at Rs 1,990 crore for six months ended September 30, 2021, compared to Rs 1,283 crore in H1FY2021.
Net profit came in at Rs 122 crore as against a loss of Rs 84 crore in H1FY2021. Blue Dart carried 11.6 crore shipments weighing 422,933 tonnes during H1.
Consolidated revenue from operations during Q2FY2022 increased 30 percent to Rs 1,124 crore and net profit was up 114 percent to Rs 90 crore.
“The company witnessed strong pullback in demand during the quarter as wave II of pandemic started slowing down," Balfour Manuel, managing director, Blue Dart said." All economic indicators like GDP growth, Index for Industrial Production, GST collections etc. reflected strong recovery. Growth during the quarter is testimony to heightened business activities of key industrial verticals.”
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