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Blue Dart Sales Rs. 2,576.06 Million up by 23.22%

Mumbai : April 13, 2010

Blue Dart Express Limited, South Asia's premier number one express air and integrated transportation, distribution and logistics company, today declared its financial results for the first quarter (Q1) ended March 31, 2010, at its Board Meeting held in Mumbai.

The company posted Rs. 237.81 Million profit after tax for the quarter ended March 31, 2010. Income from operations (inclusive of fuel surcharge) for the quarter ended March 31, 2010 stood at Rs.2,576.06 Million, an increase of 23.22% over the corresponding quarter of the previous year.

Anil Khanna, Managing Director, Blue Dart Express Ltd said, "We have always taken every possible step to ensure that our delivery promise continues to extend beyond just 'delivering a shipment' and encompasses the values that our brand stands for - service excellence, quality and reliability. We have been constantly upgrading our products to provide customized and value-added services to our customers. This in the long run will be an added advantage in terms of providing the entire gamut of solutions possible to our customers, who stand to benefit immensely, along with the fact that they would bring in sustained and increased revenues for the organization. Blue Dart as a customer-centric organization is focused on continuous innovation and will keep delivering beyond the expectations of its stakeholders."

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 25,392 locations in India.

As part of the DHL Group (DHL Express, DHL Global Forwarding & DHL 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 received the 'Superbrand' status 5 times in a row and the Reader's Digest Most Trusted Brand Gold Award, 4 years in a row. It has been listed as one of the Forbes 'Best under a Billion' companies in Asia. Blue Dart received the Amity HR Excellence Awards 3 times consecutively and was listed 2 times in the Dun & Bradstreet top 500 companies of India. Blue Dart has been conferred the Asia Brand Congress - Brand Leadership Award in 2008, the World Brand Congress - Brand Leadership Award and the Best Service Provider of the Year in 2009. In 2010, amongst a host of awards, Blue Dart was conferred with the Organization with Innovative HR Practices 2009-10 and Best Employer Award on Employee Retention at the Global HR Excellence Awards, WHRDC Meet 2010. Recently, Blue Dart was honoured with the 22nd CFBP Jamnalal Bajaj Fair Business Practices Award - 2010 in the category of Service Enterprises (Medium).

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart's market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Blue Dart accepts its social responsibility by supporting climate protection, disaster management and education.

Blue Dart was recently selected a Superbrand for the third time for 2006-07, from over 1,699 brands across 169 product categories, received the Readers Digest's Most Trusted Brand Gold Award, and is listed amongst the Dun & Bradstreet top 500 companies in India. The Blue Dart team drives marketplace 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.

BLUE DART EXPRESS LIMITED

Unaudited Financial Results for the Quarter Ended March 31, 2010

(All figures are in Rs Mn.)

Sr.No. Particulars Quarter Ended 31-03-2010 (Unaudited) Quarter Ended 31-03-2009 (Unaudited) Year Ended 31-12-2009 (Audited)
1.a Net Sales / Income from operations 25,761 20,907 90,523
b Other Operating Income 9 52 217
c Total 25,770 20,959 90,740
2. Expenditure      
a. Freight, Handling and Servicing Costs(Net) 16,431 13,897 58,563
b. Employee Costs 3,147 3,103 13,476
c. Depreciation 467 437 1,776
d. Other Expenditure 2,184 1,874 8,111
e. Total 22,229 19,311 81,926
3. Profit from Operations before Other Income, Interest & Exceptional Items 3,541 1,648 8,814
4. Other Income 85 142 543
5. Profit before Interest & Exceptional Items 3,626 1,790 9,357
6. Interest     55
7. Profit after Interest but before Exceptional Items 3,626 1,790 9,302
8. Exceptional Items - - -
9. Profit Before Tax 3,626 1,790 9,302
10. Tax Expense 1248 621 3,231
11. Net Profit from Ordinary Activities after Tax 2,378 1,169 6,071
12. Extraordinary Items (net of tax) - - -
13. Net Profit for the period 2,378 1,169 6,071
14. Paid-up Equity Share Capital ( Face value Rs 10/- per share) 2,373 2,373 2,373
15. Reserve excluding Revaluation Reserve as per Balance Sheet of previous Accouting year.     42,605
16. Earnings Per Share(In Rupees)- Basic and Diluted 10.02 4.92 25.58
17. Public shareholding:      
  -Number of Shares 4,500,047 4,500,047 4,500,047
  -Percentage of Shareholding 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
  -Percentage of Shares(as a % of the total shareholding of promoter and promoter group) 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
 

Notes :

  1. The Income from operations (inclusive of fuel surcharge) has recorded an increase of 23.22% for the quarter ended March 31, 2010 as compared to the corresponding quarter of the previous year.
  2. The Company is primarily engaged in a single segment business of integrated air and ground transportation and distribution of time sensitive packages in India 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 March 31, 2010. There were two investor complaints received and disposed off during the quarter ended March 31, 2010.
  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 ended March 31, 2010. There are no qualifications in the limited review report issued for the above quarter.
  6. The above results were reviewed by the Audit Committee and were thereafter approved by the Board at its meeting held on April 13, 2010.
 

By Order of the Board
For Blue Dart Express Limited

 

sd/-

Anil Khanna
(Managing Director)

Date : April 13, 2010
Place : Mumbai

For further information contact :

marketing@bluedart.com
Dated : April 13, 2010

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