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Blue Dart Sales at Rs. 2,356.13 Million

Mumbai : October 30, 2009

Blue Dart Express Limited, South Asia's number one express air and integrated transportation, distribution and logistics company, today declared its financial results for the third quarter ended September 30, 2009, at its Board Meeting held in Mumbai.

The company posted Rs.164.93 million profit after tax for the quarter ended September 30, 2009. Income from operations for the quarter ended September 30, 2009 stood at Rs. 2,356.13 million.

Anil Khanna, Managing Director, Blue Dart Express Limited said, "The results validate our customers' trust in us and we thank them for their continued support through the challenging times. In an effort to provide even more comprehensive and customized services to our customers, we have been constantly upgrading our product portfolio and the value-add has been well appreciated. We are working on more of such solutions for our customers. On our 26th year, we have now expanded our reach to over 21,479 locations across the country".

"Blue Dart, today, is firmly positioned as the unrivalled leader in the organised domestic air express space and has robust plans in place to sustain and augment its leadership position. We stand committed to our role of a trade facilitator and would continue to enable growths for a greater India", he added.

About Blue Dart:

Blue Dart, South Asia's premier number one express air and integrated transportation, distribution and Logistics Company, offers secure and reliable delivery of consignments to over 21,479 locations in India.

As part of the DHL Group (DHL Express, DHL Global Forwarding & DHL Exel Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

Blue Dart was selected as a Business Superbrand from over 1,699 brands and received the Readers Digest's Most Trusted Brand Gold Award, both for four years in a row. Blue Dart has been listed twice in the Dun & Bradstreet top 500 companies in India and has been awarded with the Asia Brand Congress-Brand Leadership Award 2008. It has also been listed as one of the Forbes 'Best under Billion' companies.

The Blue Dart team drives market leadership through its motivated people force, dedicated air capacity, cutting-edge technology, innovation, and value-added services to deliver unmatched standards of service quality to its customers. For further information, please visit our website at www.bluedart.com

BLUE DART EXPRESS LIMITED

Unaudited Financial Results for the Quarter and Nine Months Ended September 30, 2009

( (All figures are in Rs.Lacs)

 

Sr. No. Particulars QuarterEnded30-09-2009(Unaudited) QuarterEnded30-09-2008(Unaudited) Nine MonthsEnded30(Unaudited) Nine MonthsEnded30(Unaudited) YearEnded31-12-2008(Audited)
1.a Net Sales/Income from operations 23,561 26,284 65,178 74,713 97,447
b. Other Operating Income 42 295 210 301 495
c. Total 23,603 26,579 65,388 75,014 97,942
2. Expenditure          
a. Freight, Handling and Servicing Costs 14,690 17,809 42,331 48,321 63,592
b. Employee Cost 4,064 4,283 10,252 10,234 13,265
c. Depreciation 437 421 1,339 1,218 1,657
d. Other Expenditure 2,026 2,102 5,817 5,757 8,078
e. Total 21,217 24,615 59,739 65,530 86,592
3. Profit From Operations before Other Income, Interest & Exceptional Items 2,386 1,964 5,649 9,484 11,350
4. Other Income 112 121 369 306 576
5. Profit before Interest & Exceptional Items 2,498 2,085 6,018 9,790 11,926
6. Interest 1 - 1 - 51
7. Profit after Interest but before Exceptional Items 2,497 2,085 6,017 9,790 11,875
8. Exceptional Items - - - - -
9. Profit before tax 2,497 2,085 6,017 9,790 11,875
10. Tax Expense 848 727 2,059 3,295 4,140
11. Net Profit from Ordinary Activities after Tax 1,649 1,358 3,958 6,495 7,735
12. Extraordinary Items (net of tax) - - - - -
13. Net Profit for the period 1,649 1,358 3,958 6,495 7,735
14. Paid-up Equity Share Capital ( Face value Rs 10/- per share) 2,373 2,373 2,373 2,373 2,373
15. Reserves excluding Revaluation Reserve as per Balance Sheet of previous Accouting year         36,811
16. Earnings Per Share(In Rupees)- Basic and Diluted 6.95 5.72 16.68 27.37 32.60
17. Public shareholding:          
-Number of Shares 4,500,047 4,500,047 4,500,047 4,500,047 4,500,047
-Percentage of Shareholding 18.97 18.97 18.97 18.97 18.97
18. Promoters and promoter group Shareholding          
a. Pledged/Encumbered          
  -Number of Shares - - - - -
  -Percentage of Shares(as a % of the total shareholding of promoter and promoter group) - - - - -
  -Percentage of Shares(as a % of the total share capital of the company) - - - - -
b. Non-Encumbered          
  -Number of Shares 19,227,887 19,227,887 19,227,887 19,227,887 19,227,887
  -Percentage of Shares(as a % of the total shareholding of promoter and promoter group) 100.00 100.00 100.00 100.00 100.00
  -Percentage of Shares(as a % of the total share capital of the company) 81.03 81.03 81.03 81.03 81.03

Notes:

  1. The decrease of 10.36 % in Income from Operations during the quarter ended September 30, 2009 vis-à-vis the corresponding quarter of the previous year is primarily on account of lower fuel surcharge as per the Company's fuel surcharge mechanism which is linked to the WTI crude oil price index with marginal increase in freight.
  2. The Company is primarily engaged in a single segment business of integrated transportation and distribution of shipments and is managed as one entity for its various service offerings and is governed by a similar set of risks and returns. The said treatment is in accordance with the guiding principles enunciated in the Accounting Standard on Segment Reporting (AS-17) as notified under Section 211(3C) of the Companies Act, 1956.
  3. The Company did not have any investor complaint pending as on September 30, 2009. There were no investor complaints received during the quarter ended September 30, 2009.
  4. The prior period's figures have been regrouped and reclassified wherever necessary to conform to current period's classification.
  5. In accordance with the requirements of Clause 41 of the Listing Agreement with the Stock Exchanges, the Statutory Auditors have performed a limited review of the Company's financial results for the quarter and nine months ended September 30, 2009. There are no qualifications in the limited review report issued for the above period.
  6. The above results were reviewed by the Audit Committee and were thereafter approved by the Board at its meeting held on October 30, 2009.

By Order of the Board
For Blue Dart Express Limited

sd/-

 

Anil Khanna
( Managing Director)

 

Date : October 30, 2009
Place : Mumbai

For further information contact :

marketing@bluedart.com
Dated : October 30, 2009

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