Blue Dart posts ₹31.35 crore profit after tax for Dec quarter

Blue Dart posts ₹31.35 crore profit after tax for Dec quarter

Blue Dart, one of the leading logistics services provider and part of Deutsche Post DHL Group (DPDHL), has posted ₹ 31.35 crore profit after tax for the quarter ended December 31, 2018.

The company’s revenue from operations for the quarter ended December 31, 2018 stood at ₹855.45 crores. Balfour Manuel, Chief Executive Officer, Blue Dart said, “Investment into strategic growth areas has impacted profitability. In the last quarter, we invested to stay relevant, agile and adaptive in an environment that remains highly challenging. As leaders in the express logistics industry and trade facilitators for the country, our aim is to continue to delight our customers at every touch point through high service quality, best-in-class technological innovations, products and services”.

He added, “The growth in revenue has been 21.5% over the same quarter last year. The year gone by has been a highly remarkable one in the history of Blue Dart with the success of several strategic initiatives. This includes our reach expansion and penetration across markets in metros, tier I, II, III & IV towns and focus on vertical specific businesses including e-commerce, all which entailed extensive investments in additional manpower, infrastructure and technology. Our mission is to continue to reach every home, deliver to every customer across India and the real ‘Bharat’ and create value for our shareholders and stakeholders."

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