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Blue Dart Sales at Rs. 430.06 crores

- The Company posted Rs. 40.63 cr profit after tax

Mumbai : July 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 second quarter (Q2) ended June 30, 2012, at its Board Meeting held in Mumbai.

The company posted ` 40.63 crores profit after tax for the quarter ended June 30, 2012. Net Sales / Income from operations for the quarter ended June 30, 2012 stood at ` 430.06 crores, an increase of 15.94% over the corresponding quarter of the previous year.

Anil Khanna, Managing Director, Blue Dart Express Limited said, "As trade facilitators, we will continue to invest in making our valued loyal customers successful through enabling the best-in-class express infrastructure and services. At the mid-way point in the year, we look back with great pride at the efforts our teams have put in to remain a Provider, Investment and Employer of Choice".

He further added, "Blue Dart has been also recently honoured for the third consecutive year, as one of 'India's Best Companies To Work'. Ranked 13th in India and 1st in the 'Transportation' segment, this is a validation for our commitment to Blue Dart Country, our employees and customers".

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' 7 years in a row, one of 'India's Best Companies to Work For' by The Great Place to Work´ż« Institute thrice 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).

BLUE DART EXPRESS LIMITED

PART I
Results for the Fifteen Months Period Ended 31/03/2013 (Rs in Lacs)

(All figures are Rs in Lakhs)
Statment of Standalone Unaudited Results for the Quarter and Half Year Ended 30/06/2012
Standalone Statement of Assets and Liabilities as at 30/06/2012
(All figures are Rs in Lakhs)

 

  Particulars Quarter Ended 30/06/2012(Unaudited) Quarter Ended 31/03/2012(Unaudited) Quarter Ended 30/06/2011(Unaudited) Six Months Ended 30/06/2012(Unaudited Six Months Ended 30/06/2011(Unaudited) Year Ended 31/12/2011(Audited)   Particulars As at 30/06/2012(Unaudited) As at 31/12/2011(Unaudited)
1. Income from operations               A. EQUITY AND LIABILITIES    
  (a)Net Sales / income from operations 43,006 41,091 37,094 84,097 70,727 148,960   1.Shareholders'funds    
  (b)Other operating income 165 44 114 209 180 311   (a)Share Capital 2,376 2,376
  Total income from operations(net) 43,171 41,135 37,208 84,306 70,907 149,271   (b)Reserves and surplus 70,409 63,437
2 Expenses               Sub-total - Shareholder's funds 72,785 65,813
  (a)Freight,handling and servicing costs(net) 27,724 27,867 24,106 55,590 46,011 100,764   2. Non-current liabilities    
  (b)Employee benefits expense 6,150 5,338 5,155 11,487 9,042 18,441   (a)Deferred tax liabilities(net) 2,007 1,824
  (c)Depreciation and amortisaton expense 741 732 544 1,473 1,076 2,160   (b)Other long-term liabilities 16 16
  (d)Other expenses 3,553 3,465 2,851 7,011 5,434 12,132   (c)Long-term provision 723 742
  Total expenses 38,168 37,402 32,656 75,561 61,563 133,497   Sub-total - Non-current liabilities 2,746 2,582
3. Profit From operations before other income,finance costs and exceptional items 5,003 3,733 4,552 8,745 9,344 15,774   3. Current liabilities    
4. Other income 802 678 476 1,472 861 2,115   (a)Trade payables 8,248 7,193
5. Profit from ordinary activities before finance costs and exceptional items 5,805 4,411 5,028 10,217 10,205 17,889   (b)Other current liabilities 9,632 7,434
6. Finance costs               (c)Short term provisions 266 695
7. Profit from ordinary activities after finance costs but before exceptional items 5,805 4,411 5,028 10,217 10,205 17,889   Sub-total - Current liabilities 18,146 15,322
8. Exceptional items - - - -   -   TOTAL-EQUITY AND LIABILITIES 93,677 83,717
9. Profit from ordinary activities before tax 5,805 4,411 5,028 10,217 10,205 17,889   B. ASSETS    
10. Tax expense 1,742 1,503 1,627 3,245 3,193 5,665   1. Non-current assets    
11. Net Profit from ordinary activities after tax 4,063 2,908 3,401 6,972 7,012 12,224   (a)Fixed assets 24,016 23,561
12. Extraordinary items (net of tax expense) - - - - -     (b)Non-current investments 1,977 1,977
13. Net Profit for the period 4,063 2,908 3,401 6,972 7,012 12,224   (c)Long-term loans and advances 25,995 27,317
14. Paid-up equity share capital( Face value Rs 10/- per share) 2,373 2,373 2,373 2,373 2,373 2,373   (d)Other non-current assets 19 19
15. Reserves excluding Revaluation Reserve as per Balance Sheet of previous accounting year           63,437   Sub-total - Non current assets 52,007 52,874
16.i Earnings per share(before extraordinary items)(of Rs.10/- each)(not annualised)               2. Current assets    
  (a)Basic 17.12 12.26 14.33 29.38 29.55 51.52   (a)Current investments 10,547 5,248
  (b)Diluted 17.12 12.26 14.33 29.38 29.55 51.52   (b)Inventories 270 5,248
16.ii Earnings per share(after extraordinary items)(of Rs.10/- each)(not annualised)               (c)Trade receivables 21,229 18,898
  (a)Basic 17.12 12.26 14.33 29.38 29.55 51.52   (d)Cash and Bank balances 5,419 3,756
  (b)Diluted 17.12 12.26 14.33 29.38 29.55 51.52   (e)Short-term loans and advances 4,205 2,679
PART II                 Sub-total - Current assets 41,670 30,843
A PARTICULARS OF SHAREHOLDING               TOTAL-ASSETS 93,677 83,717
1. Public shareholding:                    
  -Number of shares 4,500,047 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 18.97        
2. 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 19,227,887        
  -Percentage of shares(as a % of the total shareholding of the promoter and promoter group) 100 100 100 100 100 100        
  -Percentage of shares(as a % of the total share capital of the company) 81.03 81.03 81.03 81.03 81.03 81.03        
B INVESTOR COMPLAINTS                    
  Pending at the beginning of the quarter -                  
  Received during the quarter 3                  
  Disposed of during the quarter 3                  
  Remaining unresolved at the end of the quarter -                  

Notes :

  1. Net Sales/income from operations (inclusive of fuel surcharge) has recorded an increase of 15.94% for the quarter ended June 30, 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 prior period's figures have been regrouped and reclassified wherever necessary to conform to current period's classification.
  4. 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 half year ended June 30, 2012 as well as of the Statement of Assets and Liabilities as at June 30,2012. There are no qualifications in the limited review report issued for the above period.
  5. The above results were reviewed by the Audit Committee and were thereafter approved by the Board at its meeting held on July 24,2012.

By Order of the Board
For Blue Dart Express Limited

 

sd/-

Anil Khanna
(Managing Director)

 

Date : July 24,2012
Place : Mumbai

For further information contact :

marketing@bluedart.com
Date : July 24,2012

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