Blue Dart, part of Deutsche Post DHL Group’s DHL eCommerce Solutions division, reported a 280 percent increase in consolidated net profit at Rs 118 crore ($14.8 million) for the first quarter ended June 30, 2022 on 49 percent increase in revenue at Rs 1,293 crore ($161.7 million).
“Healthy topline growth together with its journey of automation and digitisation to improve speed, transparency and efficiency helped the company to improve its margin during the quarter. With improved cash flows due to better receivable management, the company continues to remain debt free,” says an official release announcing the results.
Blue Dart reported a 50 percent volume growth during the quarter and carried 77.08 million shipments (last year 51.22 million shipments) comprising 278,393 tonnes (last year 184,431 tonnes), the statement added. Blue Dart is planning to add two Boeing 737–800 freighters during the financial year.
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