Company Update : Bluedart Express by Motilal Oswal Financial Services Ltd
Beat on EBITDA
Earnings snapshot: 2QFY26
* Blue Dart’s revenue grew ~7% YoY to INR15.5b in 2QFY26 (in line).
* EBITDA margin came in at 10.1% in 2QFY26 (up 170bp YoY and 320bp QoQ) vs. our estimate of 8.7%.
* EBITDA grew ~29% YoY to INR1.57b (13% above our estimate).
* The company reported a profit of INR795m vs. INR608m in 2QFY25 (6% above our estimate).
* As part of its strategic growth agenda, Blue Dart recently announced two significant initiatives: 1) the launch of a digital account opening platform, enabling businesses of all sizes to onboard and start shipping in under 10 minutes, and 2) the unveiling of a flagship Green Integrated Ground Hub at Pataudi, Haryana, designed to boost the company's express network with sustainable, technology-enabled infrastructure.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
