Blue Dart Express Limited, South Asia’s premier express air, integrated transportation and distribution logistics Company, declared its financial results for the quarter and year ended March 31, 2023, at its Board Meeting held in Mumbai.
Revenue from operations for the year ended March 31, 2023 stood at ₹ 5,172 crore with a growth of 17.3% over the previous year and posted ₹ 366 crore profit after tax for the year ended March 31, 2023 (previous year, profit after tax was ₹ 376 crore).
Revenue from operations for the quarter ended March 31, 2023 is at ₹ 1,217 crore and profit after tax is ₹ 70.33 crore.
During the period FY 2022–23, Blue Dart, with its futuristic strategy, established its network penetration in the rest of Bharat with the opening of 55+ new company-owned retail stores, strengthening its ability to deliver as the nation’s trade facilitator. Blue Dart’s exceptional service quality remains one of its major pivots, alongside automation and technology, towards providing customers with a seamless one-stop solution for all their logistics requirements. We carried 32.82 crore shipments weighing 11,54,000 metric tonnes in the year under review.
Balfour Manuel, Managing Director, Blue Dart, says “As we enter FY24, we see an increasing need for businesses to stay agile by leveraging next-generation technologies. We are committed to assisting our customers in remaining competitively dominant and relevant in an era of rapidly changing market conditions by assisting them in adapting to leaner and more sustainable logistics solutions. This prudential and operational excellence approach prepares us well for all business uncertainties”, he added.