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Reduce Blue Dart Express Ltd For Target Rs. 7,050 By Emkay Global Financial Services Weak operating print BDE reported a muted quarter, as profitability faltered on both—sequential and YoY—basis, despite revenues improving 9% YoY, presumably on the back of higher utilization of new aircrafts. We believe operating a premium logistics network limits BDE’s ability to sustainably improve margins, in spite of commanding higher pricing in both, air and surface express. Also, maintaining growth momentum with a premium-pricing model in a highly competitive B2B ex...
Reduce Blue Dart Express Ltd For Target Rs. 7,050 By Emkay Global Financial Services
Reduce Blue Dart Express Ltd For Target Rs. 7,050 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-08-09 02:58:38 pm
Buy Blue Dart Express Ltd For Target Rs. 9,500 By Motilal Oswal Financial Services Capacity utilization of new aircraft to improve; outlook bright High freight handling costs drag down EBITDA * Blue Dart Express’s (BDE) revenue grew 8% YoY to INR13.4b in 1QFY25 (in line). BDE handled 0.31m tons of cargo volume (+9.6% YoY). The realization decreased 1% YoY to INR42.9/kg. It carried 90.2m shipments in 1Q. * EBITDA margin came in at 8.1% in 1Q (est. 11%), down 100bp YoY and ~240bp QoQ, due to a sharp increase in freight handling costs as a percentage of reve...
Buy Blue Dart Express Ltd For Target Rs. 9,500 By Motilal Oswal Financial Services
Buy Blue Dart Express Ltd For Target Rs. 9,500 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd Ltd
2024-07-29 05:34:09 pm
REDUCE Blue Dart Express Ltd. For Target Rs.6,400 - Emkay Global Financial Services Strong quarter; margin sustainability a key monitorable BDE reported a strong quarter as consolidated sales grew 9% YoY and EBITDA margins expanded 70bps YoY, on the back of higher utilization of new aircrafts and general price increase undertaken in Q4. With Guwahati going live in Jan24, the management expects further ramp-up in volumes, utilization, and profitability. Maintaining growth momentum with a premium-pricing model in a highly competitive B2B express market remains a tall ask, i...
REDUCE Blue Dart Express Ltd. For Target Rs.6,400 - Emkay Global Financial Services
REDUCE Blue Dart Express Ltd. For Target Rs.6,400 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-06-27 12:18:32 pm
Blue Dart Express gains on launching drone deliveries in collaboration with Skye Air Blue Dart Express is currently trading at Rs. 7915.25, up by 66.95 points or 0.85% from its previous closing of Rs. 7848.30 on the BSE. The scrip opened at Rs. 8049.95 and has touched a high and low of Rs. 8049.95 and Rs. 7852.10 respectively. So far 99 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8194.95 on 14-Jun-2024 and a 52 week low of Rs. 5490.00 on 19-Mar-2024. Last one week high and low of the scrip ...
Blue Dart Express gains on launching drone deliveries in collaboration with Skye Air
Blue Dart Express gains on launching drone deliveries in collaboration with Skye Air
Source: Accord Fintech
2024-06-20 10:09:59 am
Buy Blue Dart Express Ltd For Target Rs. 7,850 - Motilal Oswal Financial Services CMP: INR6,450 TP: INR7,850 (+22%) Buy Newly acquired aircraft to see gradual improvement in utilization levels Revenue in line; a slight miss on margins * Blue Dart Express (BDE)’s revenue grew 3% YoY to INR13.8b in 3QFY24 (in line). BDE handled 0.31m tonnes of cargo volume (+3% YoY), while the realization improved ~1% YoY to INR 44/kg. It carried 92m shipments in 3Q. * EBITDA margin came in at 9.7% in 3QFY24 (v/s our estimate of 9.9%). The margin was lower by ~160bp YoY, mainl...
Buy Blue Dart Express Ltd For Target Rs. 7,850 - Motilal Oswal Financial Services
Buy Blue Dart Express Ltd For Target Rs. 7,850 - Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-04-29 02:09:52 pm
Blue Dart Express rises on inaugurating 40 new franchisees, company-owned retail outlets Blue Dart Express is currently trading at Rs. 7024.95, up by 84.75 points or 1.22% from its previous closing of Rs. 6940.20 on the BSE. The scrip opened at Rs. 7069.95 and has touched a high and low of Rs. 7069.95 and Rs. 6951.85 respectively. So far 142 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7934.00 on 02-Jan-2023 and a 52 week low of Rs. 5633.00 on 08-May-2023. Last one week high and low of the scrip...
Blue Dart Express rises on inaugurating 40 new franchisees, company-owned retail outlets
Blue Dart Express rises on inaugurating 40 new franchisees, company-owned retail outlets
Source: Accord Fintech
2023-11-29 10:50:21 am
Buy Blue Dart Express Ltd For Target Rs.7,540 - Motilal Oswal Financial Services Volumes to improve with higher capacity utilization of the newly added aircraft Result slightly below estimates; margins improve QoQ * Blue Dart Express (BDE)’s revenue was flat YoY at INR13.2b in 2QFY24 (in line). BDE handled 0.3m tonnes of cargo volume (+4% YoY), while its realization dropped ~4% YoY to INR 43.1/kg due to a higher share of surface express during the quarter. BDE carried 92m shipments in 2QFY24. * EBITDA margin came in at 9.9% in 2QFY24 (v/s our estimate of 10...
Buy Blue Dart Express Ltd For Target Rs.7,540 - Motilal Oswal Financial Services
Buy Blue Dart Express Ltd For Target Rs.7,540 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-26 09:38:40 am
Blue Dart Express rises on partnering with India Post for enhanced services Blue Dart Express is currently trading at Rs. 6779.30, up by 14.40 points or 0.21% from its previous closing of Rs. 6764.90 on the BSE. The scrip opened at Rs. 6788.30 and has touched a high and low of Rs. 6824.95 and Rs. 6761.05 respectively.  The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7934.00 on 02-Jan-2023 and a 52 week low of Rs. 5633.00 on 08-May-2023. Last one week high and low of the scrip stood at Rs. 6945.00 and Rs. 6713.65 re...
Blue Dart Express rises on partnering with India Post for enhanced services
Blue Dart Express rises on partnering with India Post for enhanced services
Source: Accord Fintech
2023-11-21 03:51:53 pm
Buy Blue Dart Express Ltd For Target Rs.7,840 - Motilal Oswal Financial Services Margins to improve with better capacity utilization, reducing disparity between Brent and ATF prices* The recently acquired two 737-800 aircraft have been integrated into the existing aircraft network (BDE realized revenue from these new aircraft only during the last 10 days of 1QFY24). Starting from 2QFY24, we expect capacity utilization to improve significantly. As a result, we anticipate improved margin performance from the second quarter onwards. * EBITDA margins faced challenges as...
Buy Blue Dart Express Ltd For Target Rs.7,840 - Motilal Oswal Financial Services
Buy Blue Dart Express Ltd For Target Rs.7,840 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-09-22 02:18:44 pm