Latest news with #BlueDart
Mint
4 days ago
- Business
- Mint
HDFC Mutual Fund raises stake in THIS Radhakishan Damani-owned stock to 5%. Details here
HDFC Mutual Fund, India's third-largest fund house by assets under management (AUM), raised its stake in logistics company Blue Dart to above 5%, according to a filing shared with the exchanges. The stock is also part of ace investor and DMart promoter Radhakishan Damani's portfolio. As of the June quarter shareholding pattern, Damani held a 1.19% stake in Blue Dart Express, valued at nearly ₹ 164 crore. Meanwhile, HDFC Mutual Fund saw its stake in the company climbing to 5.01% from 4.85% earlier as it acquired 38,934 shares of Blue Dart, representing a 0.16% stake. The stake was acquired via the open market. The mutual fund holds a stake in the logistics services provider via 12 schemes. The company recently announced its April-June quarter (Q1) results for the financial year 2025-26, wherein it reported a nearly 9% fall as higher expenses offset a rise in volumes. The company said its consolidated net profit fell 8.6% year-on-year (YoY) to ₹ 48.83 crore in the quarter ended June 30. Its revenue from operations, however, rose 7.4% YoY to ₹ 1442 crore, while expenses grew 8.3% YoY to ₹ 1,386 crore. Commenting on the company's performance, Balfour Manuel, Managing Director, Blue Dart Express, said, 'Blue Dart continues to build strong momentum, driven by substantial traction across both B2B and B2C products. Our focus on strategically identified high-growth areas is beginning to yield results, supported by timely investments in new hubs, automation, and digital capabilities.' 'In a landscape marked by evolving trade dynamics and tariff shifts, our commitment to reliability and time-definite services remains unwavering. To sustain this growth trajectory, we are making front-loaded investments that strengthen our operational backbone,' he added. Blue Dart Express shares traded 0.10% higher at ₹ 5813.40 despite a sharp selloff in the Indian stock market. The stock has declined 28% in the last one year and is down 17% year-to-date (YTD). Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Business Standard
30-07-2025
- Business
- Business Standard
Blue Dart slides as Q1 PAT decline 9% YoY to Rs 49 cr
Blue Dart Express slipped 3.14% to Rs 6,286.05 after the company reported 8.59% decline in consolidated net profit to Rs 48.83 crore in Q1 FY26 as against Rs 53.42 crore posted in Q1 FY25. However, revenue from operations rose 7.38% YoY to Rs 1,441.92 crore in the quarter ended 30 June 2025. Profit before tax stood at Rs 65.93 crore in Q1 FY26, down 8.46% year on year. Commenting on the companys performance, Balfour Manuel, managing director of Blue Dart Express, said, "Blue Dart continues to gain strong momentum, driven by significant traction across both 82B and B2C products. Our focus on strategically identified high-growth areas is starting to deliver results, supported by timely investments in new hubs, automation, and digital capabilities. Amid evolving trade dynamics and tariff changes, our commitment to providing reliable, time-definite services remains steadfast. To sustain this growth, we are making front-loaded investments that reinforce our operational backbone. As global supply chains evolve, we are dedicated to building a resilient, future-ready logistics ecosystem that will play a crucial role in driving India's economic progress." Blue Dart Express is South Asia's premier express air and integrated transportation & distribution company.
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Business Standard
30-07-2025
- Business
- Business Standard
Blue Dart Express shares slip 3% on posting 9% decline is Q1 PAT
Blue Dart Express shares slipped 3.4 per cent in trade on Wednesday (July 30, 2025), logging an intra-day low at ₹6,263.65 per share on BSE. Around 12:57 PM, Blue Dart Express share price was down 3.08 per cent at ₹6,289.95 per share. In comparison, Sensex was up 0.24 per cent at 81,535.08. The market capitalisation of the company stood at ₹14,924.75 crore. Blue Dart Express Q1 results In Q1, the company's consolidated net profit stood at ₹48.83 crore, as compared to ₹53.42 crore, down 8.5 per cent year-on-year (Y-o-Y). The company's revenue for the quarter under review stood at ₹1,441.92 crore, as compared to ₹1,342.71 crore a year ago. The total expenses of the company for the quarter ended June 30, 2025, stood at ₹1,385.85 crore, as compared to ₹1,279.76 crore Y-o-Y. "We are making front-loaded investments that strengthen our operational backbone. As global supply chains transform, we are focused on creating a resilient, future-ready logistics ecosystem that plays a vital role in powering India's economic advancement," said Balfour Manuel, managing director, Blue Dart Express. Indian logistics companies have been grappling with higher expenses due to more competition and increased freight costs. In Q4, the logistics firm reported a 29 per cent decline in its consolidated net profit to ₹55.15 crore for the March quarter of FY25. The company had reported a net profit of ₹77.78 crore in the year-ago period. About Blue Dart Blue Dart Express Ltd., South Asia's premier express air and integrated transportation and distribution company, offers secure and reliable delivery of consignments to over 56,400 locations in India. Blue Dart is a provider of choice for its stakeholders due to its customer-centric approach and aims to further strengthen this partnership. Blue Dart accesses the largest and most comprehensive express spectrum of distribution services, including air express, freight forwarding, supply chain solutions, customs clearance, etc. The Blue Dart team drives market leadership through its motivated people, dedicated air and ground capacity, cutting-edge technology, a wide range of innovative, vertical-specific products, and value-added services to deliver unmatched standards of service quality to its customers.
Fashion Value Chain
30-07-2025
- Business
- Fashion Value Chain
Blue Dart Announces Q1FY26 Financial Results with Sales Clocking in at Rs. 1,442 Crore
Blue Dart Express Limited, South Asias premier express air and integrated transportation & distribution company, declared its financial results for the quarter ended June 30, 2025, at its Board Meeting held in Mumbai. The company posted a profit after tax (PAT) of Rs. 47 crore for the quarter ended June 30, 2025, demonstrating steady performance amid a dynamic market environment. Revenue from operations stood at Rs. 1,442 crore, reflecting continued customer trust and the strength of our service offerings. Commenting on the companys performance,Balfour Manuel, Managing Director, Blue Dart Express, said, 'Blue Dart continues to build strong momentum, driven by substantial traction across both B2B and B2C products. Our focus on strategically identified high-growth areas is beginning to yield results, supported by timely investments in new hubs, automation, and digital capabilities. In a landscape marked by evolving trade dynamics and tariff shifts, our commitment to reliability and time-definite services remains unwavering. To sustain this growth trajectory, we are making front-loaded investments that strengthen our operational backbone. As global supply chains transform, we are focused on creating a resilient, future-ready logistics ecosystem that plays a vital role in powering Indias economic advancement.' Blue Dart marked a major milestone with the launch of India's largest Integrated Operating Facility at Bijwasan in New Delhi, further enhancing our operational capabilities and service efficiency. Additionally, the company recently announced the expansion of its network with the introduction of Guwahati last year as a direct flying location. This strategic move was driven by Blue Dart's vision to empower Northeast India, a zone that plays a pivotal role in the countrys economic growth. Furthermore, Blue Dart was awarded as the Best Express Logistics Provider 2025 by the Institute of Supply Chain Management (ISCM). In addition to this industry recognition, Blue Dart was also certified as a Great Place to Work for the 15th consecutive year, an acknowledgment of our unwavering commitment to fostering a culture of trust, inclusivity, and excellence. By consistently investing in our infrastructure and people, Blue Dart continues to strengthen its position as both the logistics partner of choice and the employer of choice. About Blue Dart Blue Dart Express Ltd., South Asias premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 56,400+ locations in India. Blue Dart is a provider of choice for its stakeholders due to its customer centric approach and aims to further strengthen this partnership. As part of DHL Group's DHL eCommerce division, Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories, and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions, customs clearance etc. The Blue Dart team drives market leadership through its motivated people, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Darts market leadership is further validated by its position as the nation's most innovative and awarded express logistics company for exhibiting reliability, superior brand experience and sustainability which include recognition as one of 'Indias Best Companies to Work For' by The Great Place to Work Institute, India, ranked amongst 'Best Multinational Workplaces in Asia' by The Great Place to Work Institute, Asia, voted a 'Superbrand' and 'Reader's Digest Most Trusted Brand', and has achieved the ISO/IEC 27001:2022 certification. It has also been listed as one of Fortune 500's 'Indias Largest Corporations' and Forbes 'Indias Super 50 Companies' to name a few. Blue Dart's Diversity and Inclusion initiatives have also led to it being recognized as one of India's 'Best Workplaces for Women' in 2021 and 'Best Organisations for Women' in 2025 for the 4th time by the ET Now. Furthermore, Blue Dart was awarded the 'Best In-House Legal Team' award in the logistics category at The Economic Times Global Legal Awards 2024-2025. Blue Dart fulfils its social responsibility through its Go Programs namely Go Green – Climate Protection, Go Help – Drinking Water, Livelihood, Health, Disaster Management and Go Teach -Education.
Reuters
29-07-2025
- Business
- Reuters
India's Blue Dart posts lower quarterly profit as higher expenses offset rise in deliveries
July 29 (Reuters) - Indian courier delivery firm Blue Dart Express's ( opens new tab first-quarter profit fell nearly 9% on Tuesday as higher expenses offset a rise in volumes. The company, which competes with Delhivery ( opens new tab and IPO-bound Shadowfax, said its consolidated net profit fell 8.6% to 488.3 million Indian rupees ($5.62 million)in the quarter ended June 30. Its revenue from operations rose 7.4% to 14.42 billion rupees, while expenses grew 8.3% to 13.86 billion rupees. Indian logistics companies have been grappling with higher expenses due to more competition and increased freight costs. Analysts said Blue Dart's higher volume growth was likely fueled by the business to consumer (B2C) unit and its Surface business, which delivers items weighing 10 kilograms and above door-to-door. Blue Dart did not provide a performance breakdown of its businesses. PEER COMPARISON * Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT APRIL-JUNE STOCK PERFORMANCE -- All data from LSEG -- $1 = 86.8160 Indian rupees
