Blue Dart Express Ltd. declares its March quarter results

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Blue Dart Express Ltd. declares its March quarter results
Blue Dart Express Ltd. had posted its first quarter results for the year 2011 on 26 April 2011. The company has also recorded increase in net profit by 51 per cent to Rs. 3,611 lakh in the quarter ended March 2011 from Rs. 2,378 lakh in the quarter ended March 2010.

The company has registered an increase in its net sales by 30.55 per cent amounting to Rs. 33,633 lakh in the quarter ended March 2011 as compared to Rs. 25,761 lakh in the corresponding quarter last year. Moreover, the other income surged by 357.6 per cent to Rs. 389 lakh from Rs. 85 lakh in the quarter ended March 2010.

Moreover, the expenditure also increased to Rs. 28,911 lakh in the March 2011 quarter from Rs. 22,229 lakh in the corresponding quarter last year. The increase in expenditure was mainly due to the rise in the freight, handling and servicing costs which grew by 34 per cent to Rs. 22,029 lakh from Rs. 16,431 lakh.

The paid up equity share capital of the company in the quarter ended March 2011 amounted to Rs. 2,373 lakh. The tax expense stood at Rs. 1,566 lakh in the quarter ended March 2011 from Rs. 1,248 lakh in the corresponding quarter last year.

Commenting on the results Anil Khanna, Managing Director, Blue Dart Express Ltd. reported, "Since inception, customer centricity has been of paramount importance to Blue Dart. We constantly innovate; strengthen our product portfolio to serve our customers with solutions that match up to meet their dynamic and evolving business needs. We will continue to focus on delivering world-class service quality, experience and maintain our reliability quotient".

He also added that Blue Dart is perceived as a premium brand with high customer satisfaction. In the next 3-5 years the company wants to enhance the customer"s trust andremain as their first Choice. Further, the company aims to pay attention on the domestic products for expanding its market share in the Indian market. The domestic network of the company will continue to distinguish itself on the back of company"s core competency which lies in the areas of supply chain management, logistics and E-commerce.

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