Blue Dart Express (526612) Q4 25/26 earnings summary

Executive summary

• Achieved year-over-year revenue growth in FY2025-26, driven by e-commerce and B2B surface express, maintaining market leadership in India's express and parcels sector.

• Strategic investments in infrastructure, technology, automation, and talent supported sustainable growth and service excellence.

• Focused on profitable growth, cash flow generation, and shareholder returns, supported by a debt-free structure.

• Continued operational efficiency, network expansion, and adaptation to regulatory changes, including new labour codes.

Financial highlights

• FY2025-26 consolidated revenue from operations was ₹6,141 crore (₹61,409 million), up from ₹5,720 crore in FY2024-25.

• Profit after tax for FY2025-26 was ₹240 crore; Q4 profit after tax was ₹43 crore.

• Standalone EBITDA for FY2025-26 was ₹6,492 million, with a margin of 10.6%.

• Standalone EBT (before exceptional items) for FY2025-26 was ₹3,599 million, margin 5.9%.

• 404 million shipments and 1,439 thousand tonnes handled in FY2025-26.

Outlook and guidance

• Management aims to balance capacity and demand to optimize profitability, focusing on yearly margin targets and continued investment in network, technology, and sustainable logistics.

• Plans to expand pin code coverage to 98% of India's GDP and leverage air capacities for revenue growth.

• Focus on automation, digitalization, and product innovation to enhance efficiency and customer experience.