Blue Dart Sales at Rs. 410.91 crores

- The Company posted Rs. 29.08 cr profit after tax

Mumbai : April 24, 2012

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 first quarter (Q1) ended March 31, 2012, at its Board Meeting held in Mumbai.

The company posted Rs. 29.08 crores profit after tax for the quarter ended March 31, 2012. Income from operations for the quarter ended March 31, 2012 stood at Rs. 410.91 crores, an increase of 22.17% over the corresponding quarter of the previous year.

Anil Khanna, Managing Director, Blue Dart Express Limited said, "Since inception, Blue Dart has focussed on being a customer centric brand and will continue to concentrate on delivering world-class service quality, experience and maintain our reliability quotient. Blue Dart will continue to focus on product innovation, reach expansion, transit time improvements, small town (Tier-II and III) activation and strengthening channels.

He further added, "Blue Dart stands for Quality, Consistency, Reliability, Passion and Commitment. I thank every Blue Darter, associates, our customers and stakeholders for their support and being our brand ambassadors. Blue Dart has robust plans for India and we are delighted to serve in 'Blue Dart Country' with a business and human conscience to remain the customer's First Choice".

About Blue Dart:

Blue Dart Express Ltd., South Asia's premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 36,637 locations in India. As part of the DP 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 territories and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

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. Some of these include SUPERBRAND and 'Reader's Digest Most Trusted Brand Gold Award' 6 years in a row, one of 'India's Best Companies to Work For' by The Great Place to Workᆴ Institute twice successively, 'Outstanding Contribution to the Cause of Education' - Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award - 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).



(All figures are in Rs.Lacs


Statement of Standalone Unaudited Results for the Quarter Ended 31/03/2012

  Particulars Quarter Ended 31-03-2012(Unaudited) Quarter Ended 31-12-2011(Unaudited) Quarter Ended 31-03-2011(Unaudited) Year Ended 31-12-2011(Audited)
1. Income from operations        
  (a)Net Sales / income from operations 41,091 39,349 33,633 148,960
  (b)Other operating income 44 121 66 311
  Total income from operations(net) 41,135 39,470 33,699 149,271
2 Expenses        
  (a)Freight,handling and servicing costs(net) 27,867 27,887 21,905 100,764
  (b)Employee benefits expense 5,338 4,838 3,886 18,441
  (c)Depreciation and amortisaton expense 732 520 531 2,160
  (d)Other expenses 3,465 3.640 2,589 12,132
  Total expenses 37,402 36,885 28,911 133,497
3. Profit From operations before other income,finance costs and exceptional items 3,733 2,585 4,788 15,774
4. Other income 678 692 389 2,115
5. Profit from ordinary activities before finance costs and exceptional items 4,411 3,277 5,177 17,889
6. Finance costs        
7. Profit from ordinary activities after finance costs but before exceptional items 4,411 3,277 5,177 17,889
8. Exceptional items - - - -
9. Profit from ordinary activities before tax 4,411 3,277 5,177 17,889
10. Tax expense 1,503 1,039 1,566 5,665
11. Net Profit from ordinary activities after tax 2,908 2,238 3,611 12,224
12. Extraordinary items (net of tax expense) - - - -
13. Net Profit for the period 2,908 2,238 3,611 12,224
14. Paid-up equity share capital( Face value Rs 10/- per share) 2,373 2,373 2,373 2,373
15. Reserves excluding Revaluation Reserve as per Balance Sheet of previous accounting year       63,437
16.i Earnings per share(before extraordinary items)(of Rs.10/- each)(not annualised)        
  (a)Basic 12.26 9.43 15.22 51.52
  (b)Diluted 12.26 9.43 15.22 51.52
16.ii Earnings per share(after extraordinary items)(of Rs.10/- each)(not annualised)        
  (a)Basic 12.26 9.43 15.22 51.52
  (b)Diluted 12.26 9.43 15.22 51.52
PART II          
1. Public shareholding:        
  -Number of shares 4,500,047 4,500,047 4,500,047 4,500,047
2 -Percentage of shareholding 18.97 18.97 18.97 18.97
2. Promoters and Promoter Group Shareholding        
  -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) - - - -
  -Number of shares 19,227,887 19,227,887 19,227,887 19,227,887
  -Percentage of shares(as a % of the total shareholding of the promoter and promoter group) 100 100 100 100
  -Percentage of shares(as a % of the total share capital of the company) 81.03 81.03 81.03 81.03
  Particulars 3 months ended 31/03/2012
  Pending at the beginning of the quarter -
  Received during the quarter 2
  Disposed of during the quarter 2
  Remaining unresolved at the end of the quarter -

Notes :

  1. The Income from operations (inclusive of fuel surcharge) has recorded an increase of 22.17% for the quarter ended March 31, 2012 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 results for the qarter ended December 31,2011 are the balancing figures between audited figures in respect of the full financial year 2011 and the published year to date figures upto the third quarter of the financial year ended December 31,2011.
  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, 2012. 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 24, 2012.

By Order of the Board
For Blue Dart Express Limited



Anil Khanna
(Managing Director)


Date : April 24, 2012
Place : Mumbai

For further information contact :
Date : April 24, 2012

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