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Blue Dart Express net goes down to Rs 59.74 crore Owing to reduced income and increased outgo, logistics player Blue Dart Express Ltd's first quarter net came down to Rs 59.74 crore for the first quarter of FY24. In a regulatory filing, Blue Dart Express said during Q1FY24, it had earned a total income of Rs 1,253.29 crore (against Q1FY23's Rs 1,303.54 crore) and a net profit of Rs 59.74 crore (Rs 117.17 crore). Curiously, the company’s other expenses went up to Rs 93.17 crore during the first quarter of FY24 from Rs 69.4...
Blue Dart Express net goes down to Rs 59.74 crore
Blue Dart Express net goes down to Rs 59.74 crore
Source: IANS
27/07/2023 3:53:21 PM
Buy Blue Dart Express Ltd For Target Rs.8,040 - Motilal Oswal Financial Services Lower ATF prices to support margins; aircraft addition to boost volumes in 2HFY24 * For an express logistics airline such as Blue Dart Express (BDE), the cost of aviation turbine fuel (ATF) accounts for ~40% of direct operating costs. ATF prices usually move in sync with Brent prices. In early FY23, ATF surged in line with Brent, but it did not come down when Brent prices declined in the last few quarters. As a result, BDE witnessed under-recovery of fuel surcharge, which affected its marg...
Buy Blue Dart Express Ltd For Target Rs.8,040 - Motilal Oswal Financial Services
Buy Blue Dart Express Ltd For Target Rs.8,040 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
21/06/2023 3:00:12 PM
REDUCE Blue Dart Express Ltd For Target Rs.Rs5,415 - ICICI Securities Blue Dart Express’ (BDE) Q4FY23 performance undershot street estimates by 6%; however, it was broadly in line with our estimates. Key points: 1) Number of shipments rose ~12% YoY to 82mn, possibly due to higher share of road cargoes; 2) realisation/kg remained static QoQ, implying insufficient absorption of price hikes taken in Jan-23; 3) consolidated EBITDA margin dipped to 16.4% (lowest since Q1FY20) on negative price-cost effect. Going ahead, we envisage bumpy road for the comp...
REDUCE Blue Dart Express Ltd For Target Rs.Rs5,415 - ICICI Securities
REDUCE Blue Dart Express Ltd For Target Rs.Rs5,415 - ICICI Securities
Source: IIFL Securities Ltd.
29/05/2023 2:14:20 PM
Neutral Blue Dart Express Ltd For Target Rs.1,190 - Motilal Oswal Financial Services Margins to improve with price hikes and recent correction in ATF prices * Blue Dart Express (BDE) reported 4% YoY revenue growth to ~INR12.2b in 4QFY23 (est. INR13.1b). BDE handled 0.27m tonnes of cargo volume (+9.5% YoY), while realization dropped ~5% YoY to INR44.5/kg during the quarter. EBITDA margin came in at 10.5% v/s our estimate of 11.8%. EBITDA declined 41% YoY to INR1.3b. APAT declined 48% YoY to INR703m in 4QFY23 (20% below estimate) led by weak operating performance. * Durin...
Neutral Blue Dart Express Ltd For Target Rs.1,190 - Motilal Oswal Financial Services
Neutral Blue Dart Express Ltd For Target Rs.1,190 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
10/05/2023 10:41:54 AM
India's Blue Dart Express posts 49% drop in Q4 profit on higher expenses BENGALURU - Indian logistics services provider Blue Dart Express Ltd reported a drop in profit for the second quarter in a row on Friday on continued pressure from higher expenses. The Deutsche Post-controlled company's consolidated net profit fell over 49% to 694.4 million rupees ($8.5 million) in the fourth quarter. Blue Dart's revenue rose over 4% in the quarter, while its total expenses rose over 14%. For further earnings highlights, click WHY IT MATTERS Blue Dart, ...
India's Blue Dart Express posts 49% drop in Q4 profit on higher expenses
India's Blue Dart Express posts 49% drop in Q4 profit on higher expenses
Source: Reuters
5/05/2023 7:33:57 PM
Neutral Blue Dart Express Ltd For Target Rs.8,110 - Motilal Oswal Financial Services Robust portfolio of Air and Ground cargo offerings; to benefit from likely reduction in ATF prices * Blue Dart Express (BDE) commands greater than 50% market share in the organized Air Express segment and has been picking up market share in the Ground Express segment. The company has well-diversified service offerings of Air express (~65% revenue share) and Ground express (~35% revenue share). * Despite the challenging last few years, BDE has managed to grow revenue through improved vol...
Neutral Blue Dart Express Ltd For Target Rs.8,110 - Motilal Oswal Financial Services
Neutral Blue Dart Express Ltd For Target Rs.8,110 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
27/11/2022 11:58:56 AM
Blue Dart Express rises on opening 25 retail outlets as part of expansion plan Blue Dart Express is currently trading at Rs. 7218.50, up by 60.10 points or 0.84% from its previous closing of Rs. 7158.40 on the BSE. The scrip opened at Rs. 7250.00 and has touched a high and low of Rs. 7337.25 and Rs. 7206.20 respectively. So far 1597 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9639.45 on 04-Oct-2022 and a 52 week low of Rs. 5428.45 on 07-Mar-2022. Last one week high and low of the scri...
Blue Dart Express rises on opening 25 retail outlets as part of expansion plan
Blue Dart Express rises on opening 25 retail outlets as part of expansion plan
Source: Accord Fintech
18/11/2022 12:59:32 PM
Amazon India to offer its transportation services to third-party merchants E-commerce giant Amazon will offer its transportation and logistics network as a service to third-party merchants, businesses and direct-to-consumer brands in India. According to TechCrunch, the company attempts to replicate the model "Buy with Prime" that it has been testing in the US for several months to drive revenue in the key overseas market. The service, called Amazon Shipping, offers "extensive reach and the highest reliability " all at the lowest logistics c...
Amazon India to offer its transportation services to third-party merchants
Amazon India to offer its transportation services to third-party merchants
Source: IANS
8/11/2022 4:13:58 PM
GIC, ESR set up $600 million India JV to buy industrial, logistics assets Singapore's sovereign wealth fund GIC and real estate investment manager ESR Group have partnered to set up a $600 million joint venture to buy profit-making industrial and logistics assets in India, they said on Thursday. The new JV, in which GIC is an 80% owner, is an extension of an existing partnership between the entities in the country. It will invest in "stabilised operational assets" in tier 1 and tier 2 cities of the country. A host of Indian corporations, includi...
GIC, ESR set up $600 million India JV to buy industrial, logistics assets
GIC, ESR set up $600 million India JV to buy industrial, logistics assets
Source: Reuters
3/11/2022 4:04:20 PM
Blue Dart Express moves up as it all set to hike shipment price by 9.6% Blue Dart Express is currently trading at Rs. 8714.15, up by 137.95 points or 1.61% from its previous closing of Rs. 8576.20 on the BSE. The scrip opened at Rs. 8740.00 and has touched a high and low of Rs. 8881.00 and Rs. 8673.85 respectively. So far 1650 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9277.00 on 07-Sep-2022 and a 52 week low of Rs. 5428.45 on 07-Mar-2022. Last one week high and low of the scr...
Blue Dart Express moves up as it all set to hike shipment price by 9.6%
Blue Dart Express moves up as it all set to hike shipment price by 9.6%
Source: Accord Fintech
29/09/2022 3:42:19 PM
Neutral Blue Dart Express Ltd For Target Rs.8,200 - Motilal Oswal Well placed to capitalize In this report, we present key takeaways from BDE’s FY22 Annual Report. BDE enjoys market leadership in the Air Express segment, continues to focus on the high growth e-commerce space * BDE enjoys ~54% market share in the organized Air Express segment as of FY21 and has been picking up market share in the Surface Express segment. ? e-commerce is a key vertical for the company and constitutes roughly onefourth of its revenue. BDE saw strong growth in th...
Neutral Blue Dart Express Ltd For Target Rs.8,200 - Motilal Oswal
Neutral Blue Dart Express Ltd For Target Rs.8,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
16/07/2022 11:36:54 AM
Neutral Blue Dart Express Ltd For Target Rs.7,715 - Motilal Oswal Outlook robust; capacity expansion on the cards * BDE has delivered a robust performance over the last several quarters, despite a steep rise in fuel prices. It has been able to take adequate price increases, which helped maintain its robust margin. The cost control measures are playing out well, with BDE clocking a record high EBITDA margin. * Going forward, the unparalleled network of BDE and its strong growth in Express Cargo will drive consistent volume growth. With an improved outl...
Neutral Blue Dart Express Ltd For Target Rs.7,715 - Motilal Oswal
Neutral Blue Dart Express Ltd For Target Rs.7,715 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/06/2022 2:06:57 PM
Blue Dart Express hits new 52-week high on the bourses Blue Dart Express is currently trading at Rs. 7759.80, up by 104.00 points or 1.36% from its previous closing of Rs. 7655.80 on the BSE. The scrip opened at Rs. 7865.00 and has touched a high and low of Rs. 7865.00 and Rs. 7667.05 respectively. So far 777 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7,865.00 on 02-Jun-2022 and a 52 week low of Rs. 5308.05 on 11-Aug-2021. Last one week high and low of the scr...
Blue Dart Express hits new 52-week high on the bourses
Blue Dart Express hits new 52-week high on the bourses
Source: Accord Fintech
2/06/2022 1:26:23 PM
Sell Blue Dart Express Ltd For Target Rs.4,426 - ICICI Securities Confident of revenue and margin tidings  Bluedart Express (BDE) underlined positive tiding for volumes as well as margins. Management is witnessing strong demand environment with comfortable double digit growth in road express and high single digit growth in air express. Relentless focus on customer satisfaction and efficient service delivery is allowing BDE to comfortably pass on the inflation in the system. Management is not too concerned from resurgence of belly cargo and is seeing...
Sell Blue Dart Express Ltd For Target Rs.4,426 - ICICI Securities
Sell Blue Dart Express Ltd For Target Rs.4,426 - ICICI Securities
Source: ICICI Securities Ltd
5/02/2022 9:32:45 AM
Blue Dart Expres Q3 net profit up 30.28% at Rs 122.18 cr The company reported standalone net profit of Rs 122.18 crore for the quarter ended December 31, 2021 as compared to Rs 93.78 crore in the same period last year, registering a year-on-year growth of 30.28 per cent. Net revenue of the company rose substantially by 21.24 per cent at Rs 1,254.75 crore in October-December quarter of this fiscal as against Rs 1,034.92 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 21.98 per cent to Rs ...
Blue Dart Expres Q3 net profit up 30.28% at Rs 122.18 cr
Blue Dart Expres Q3 net profit up 30.28% at Rs 122.18 cr
Source: Dion Global Solution Ltd
29/01/2022 12:46:08 PM
Neutral Blue Dart Express Ltd For Target Rs.7,390 - Motilal Oswal Focus on increasing share of Ground Express * We recently released our Logistics thematic report, wherein we stressed upon the superlative growth potential of the Indian Logistics sector and the opportunities for the organized players like Blue Dart Express (BDE). We had assigned a Neutral stance on the stock owing to its rich valuation. * The unparalleled network presence of BDE and strong growth in Express cargo would drive consistent growth in volumes across its offerings over the ne...
Neutral Blue Dart Express Ltd For Target Rs.7,390 - Motilal Oswal
Neutral Blue Dart Express Ltd For Target Rs.7,390 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/12/2021 9:31:06 AM
Sell Blue Dart Express Ltd For Target Rs.3,430 - ICICI Securities Margin performance enjoying the bulge Blue Dart Express (BDE) reported in-line EBITDA of Rs1.6bn. Normalisation of pent-up consumer spending (ecommerce) and impending increasing competition from increased belly cargo of domestic freighters, rail (new competition) as well as road make us less confident on the volume or yield thesis. The underlying competitive dynamics of air express in a price-sensitive market remain unchanged. Q2FY22 witnessed ~Rs4/shipment QoQ increase in realisation, Rs9...
Sell Blue Dart Express Ltd For Target Rs.3,430 - ICICI Securities
Sell Blue Dart Express Ltd For Target Rs.3,430 - ICICI Securities
Source: ICICI Securities
30/11/2021 10:43:00 AM
Neutral Blue Dart Express Ltd For Target Rs.7,640 - Motilal Oswal Festive demand drives volumes in 2QFY22 Robust performance; EBITDA margin near record high * Blue Dart Express (BDE)’s topline grew 30% YoY to ~INR11.2b (+30% QoQ). Revenue growth was driven primarily by healthy volume growth of 29% QoQ to 0.24m tonnes in 2Q. * EBITDA grew 35% YoY to INR2b (+138% QoQ). The EBITDA margin jumped to a near-record high of 17.7% (+61bp YoY); it improved on account of better realization and steps undertaken to increase efficiency. * The compa...
Neutral Blue Dart Express Ltd For Target Rs.7,640 - Motilal Oswal
Neutral Blue Dart Express Ltd For Target Rs.7,640 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/11/2021 12:45:14 PM
Sell Blue Dart Express Ltd For Target Rs.3,430 - ICICI Securities Start of normalisation as the bulge fades Blue Dart Express’ (BDE) reported a miss, with standalone EBITDA and PAT declining 52% and 67% QoQ. Normalisation of pent-up consumer spending (ecommerce) and impending increasing competition from increased belly cargo of domestic freighters, rail (new competition) as well as road makes us less confident on the volume or yield thesis. The underlying competitive dynamics of air express in a price-sensitive market remain unchanged. We have s...
Sell Blue Dart Express Ltd For Target Rs.3,430 - ICICI Securities
Sell Blue Dart Express Ltd For Target Rs.3,430 - ICICI Securities
Source: ICICI Securities
8/09/2021 11:06:54 AM
Hold Blue Dart Express Ltd For Target Rs. 3,430 - ICICI Securities The bulge continues Blue Dart Express’ (BDE) consolidated on the yield gains achieved in Q3FY21 (driven by limited belly cargo capacity) and enjoyed better mix with more B2C air express cargo. The same resulted in ~ 33%YoY revenue growth in Q4FY21 and nearly helped maintain margin performance of last quarter (Q3FY21). What impressed is continued cost focus, coupled with revenue tailwinds currently being enjoyed out of network capacity expansion of the past couple of years. Continu...
Hold Blue Dart Express Ltd For Target Rs. 3,430 - ICICI Securities
Hold Blue Dart Express Ltd For Target Rs. 3,430 - ICICI Securities
Source: ICICI Securities Ltd
24/05/2021 10:59:09 AM
MTF Stock Pick  Buy Blue Dart Express Limited For Target Rs. 7100 - HDFC Securities MTF Stock Pick  Buy Blue Dart Express Limited For Target Rs. 7100 - HDFC Securities  TECHNICAL OBSERVATIONS * Stock price has already broken out on the daily chart by closing above 5850 levels * Stock price also broken out from the last two month consolidation with higher volumes. * Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA * Oscillators like RSI and MFI is showing strength in th...
MTF Stock Pick  Buy Blue Dart Express Limited For Target Rs. 7100 - HDFC Securities
MTF Stock Pick  Buy Blue Dart Express Limited For Target Rs. 7100 - HDFC Securities
Source: HDFC Securities Ltd
21/05/2021 12:09:43 PM
Blue Dart Med-Exp to test UAS for vax deliveries Logistics company Blue Dart, part of the Deutsche Post DHL Group (DPDHL), has formed Blue Dart Med-Express Consortium with the mission of revolutionizing the delivery of vaccines and emergency medical supplies to the remotest parts of India with Drones amid the surging second wave. Blue Dart Med-Express Consortium is part of the 'Medicine from the Sky' project in collaboration with the Government of Telangana, World Economic Forum, Niti Aayog and Healthnet Global. The Ministry o...
Blue Dart Med-Exp to test UAS for vax deliveries
Blue Dart Med-Exp to test UAS for vax deliveries
Source: IANS
13/05/2021 1:46:57 PM
Add Bluedart Express Ltd For Target Rs. 5,590 - Yes Securities Result Highlights * Standalone Revenues grew by 33% YoY to Rs 9.7 bn which was lower than our estimates of Rs.10.9 bn. FY21 revenue grew by 4% to Rs32.8 bn. * EBITDA of Rs.1.7 bn was in‐line with our estimates. EBITDA Margins improved to 18% vs 2.2% YoY/16.8% QoQ. Moderation in Freight Handling costs and employee cost supported profitability. For FY21, EBITDA Margins improved to 11.5% vs 5.9% YoY while Gross margin improved by 450bps to 36.2% vs 31.8% in FY20. EBITDA stood at Rs.3.8 bn,...
Add Bluedart Express Ltd For Target Rs. 5,590 - Yes Securities
Add Bluedart Express Ltd For Target Rs. 5,590 - Yes Securities
Source: Yes Securities Ltd
10/05/2021 11:27:37 AM
Blue Dart Expres posts Q4 net profit of Rs 89.08 cr The company reported standalone net profit during the quarter stood at Rs 89.08 crore compared to net loss of Rs 23.79 crore in the previous year quarter. Net revenue of the company rose substantially by 33.42 per cent at Rs 966.17 crore in January-March quarter of this fiscal as against Rs 724.13 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 11.83 per cent to Rs 792.24 crore from Rs 708.45 crore in year ago period. Other Income ...
Blue Dart Expres posts Q4 net profit of Rs 89.08 cr
Blue Dart Expres posts Q4 net profit of Rs 89.08 cr
Source: Dion Global Solutions Ltd
6/05/2021 10:12:10 AM
Add Bluedart Express Ltd For Target Rs.4,403 - Yes Securities Highlights * Revenues grew by 21% yoy to Rs10.3 bn. The growth was driven by ~15% growth in volumes and balance in realizations. The Company saw strong pickup from sectors like E‐commerce, Pharma and Consumer Electronics driven by shift in Consumer buying behavior and consumption pattern.   * During the quarter, volumes were driven by higher share of packages while document shipments were lower. With limited travel, documents related to passport delivery were low. Similarly, w...
Add Bluedart Express Ltd For Target Rs.4,403 - Yes Securities
Add Bluedart Express Ltd For Target Rs.4,403 - Yes Securities
Source: Yes Securities Ltd
5/02/2021 10:23:49 AM
Bluedart Express' shares rise 11% as July-Sept profit surges Shares of Bluedart Express surged 11 per cent on Friday after the company' s consolidated net profit for the July-September quarter recorded a near-three fold jump. On Thursday, the company reported a consolidated net profit for the quarter ended September at Rs 42.33 crore, against Rs 14.64 crore. Around 11.30 a.m., its shares on the BSE were at Rs 3,597.40, higher by Rs 352.45 or 10.86 per cent from its previous close. The company's revenue from operations during the period...
Bluedart Express' shares rise 11% as July-Sept profit surges
Bluedart Express' shares rise 11% as July-Sept profit surges
Source: IANS
30/10/2020 12:00:41 PM