Blue Dart Express (526612) Q3 24/25 earnings summary

Executive summary

• Q3 FY24 revenue grew 9.3% year-over-year to INR 15,117 million, with profit after tax at INR 791 million for the quarter ended December 31, 2024.

• Consolidated revenue from operations for Q3 FY2024-25 was ₹151,169 lakhs, up from ₹138,293 lakhs year-over-year.

• Net profit for the quarter was ₹8,101 lakhs, a decrease from ₹8,889 lakhs in the same quarter last year.

• Volume growth was strong, with tonnage up 12% and shipments up 7.2% year-over-year, totaling 351,873 tons and 98.59 million shipments.

• Festive season and improved fleet utilization were key drivers for the quarter's performance.

Financial highlights

• Revenue from operations for Q3 FY24 was INR 15,117 million, up 9.3% year-over-year.

• Total income for Q3 FY2024-25 was ₹152,365 lakhs, compared to ₹140,728 lakhs in Q3 FY2023-24.

• Profit after tax for the quarter was INR 791 million.

• Profit before tax stood at INR 1,064 million, compared to INR 1,050 million in the previous quarter.

• Earnings per share (basic and diluted) for the quarter were ₹34.14, down from ₹37.46 year-over-year.

Outlook and guidance

• Management expects continued investment in infrastructure, focusing on both B2B and B2C segments.

• Price hikes of 9%-12% were implemented from January 2025, with impact to be seen in Q4 results.

• Ground segment is expected to grow in double digits, while air growth is projected below 5%.

• The company continues to focus on integrated air and ground transportation and distribution, with all operations and assets based in India.

• No specific forward-looking financial targets disclosed; annual budgets and targets to be released soon.