Blue Dart Express (526612) Q4 00/01 earnings summary

Executive summary

• FY2000-01 delivered record net profit of Rs 23.03 crore; operating income rose 25% YoY to Rs 256.17 crore.

• Domestic reach expanded to 11,940 locations, with 38% domestic market share and service reliability above 99.95%.

• The Board recommended a 35% dividend and a 1:1 bonus issue, subject to shareholder approval.

Financial highlights

• Operating income was Rs 256.17 crore vs Rs 204.86 crore; operating profit Rs 41.47 crore vs Rs 26.46 crore.

• PBT rose to Rs 25.83 crore from Rs 14.01 crore; PAT increased to Rs 23.03 crore from Rs 12.31 crore.

• Consolidated revenue was Rs 2,579,186 thousand and consolidated net profit Rs 236,225 thousand for FY2000-01.

• EPS was Rs 19.32 vs Rs 10.33; net worth reached Rs 107.68 crore vs Rs 89.22 crore.

Outlook and guidance

• Positioned to expand third-party logistics and supply-chain services as manufacturers outsource logistics and seek JIT delivery and lower inventory costs.

• Regional air-charter services and airport cargo-handling opportunities from proposed airport privatization were identified as potential growth areas.

• Strategic focus includes sustainable growth, higher earnings quality, customer-end automation and technology-enabled service solutions.