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Blue Dart Sales at Rs. 651.44 crores

- The Company posted Rs. 53.74 cr profit after tax

Mumbai : October 21, 2015

: Blue Dart Express Limited, South Asia's premier express air and integrated transportation, distribution and logistics company, today declared its financial results for the quarter ended September 30, 2015, at its Board Meeting held in Mumbai.

The company posted Rs. 53.74 crores profit after tax for the quarter ended September 30, 2015. Net Sales/Income from operations for the quarter ended September 30, 2015 stood at Rs. 651.44 crores.

Anil Khanna, Managing Director, Blue Dart Express Limited said, "While the economy continues to face several challenges, Blue Dart has continued to be resilient and has displayed exemplary quality and service excellence by incorporating high benchmarks and quality standards in every aspect of business. Blue Dart has steered through successfully with a clear focus on fundamentals like Quality, Consistency, Reliability, Passion and Commitment. We are committed to serve Blue Dart country and sustain our leadership position in the air and ground express segments through the widest range of innovative products and services, dedicated air and ground infrastructure, superior technology and passionate people force".

He further added, "Blue Dart continues to be one of the most admired and awarded companies in India. Blue Dart recently featured in the list of India's Super 50 Companies by Forbes India, ranked in the BW Real 500 as one of the 500 biggest non-financial companies in India by Businessworld and KPMG and was awarded the Best Express Service Provider of the Year - Domestic at the 9th Express, Logistics and Supply Chain Conclave 2015".

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 34,720 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 Award', one of 'India's Best Companies to Work For' by The Great Place to Work´ż« Institute five times in a row, '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

Regd.Office : Blue Dart Centre,Sahar Airport Road, Andher(East), Mumbai - 400 099.

Tel: 28396444 Fax: 28244131 Website: www.bluedart.com e-Mail id: communications@bluedart.com
CIN:L61074MH1991PLC061074

(Rs in Lakhs)

Statement of Standalone Unaudited Financial Results for the Quarter Ended
30/06/2016

PART I

  Particulars Quarter Ended 30/09/2015(Unaudited) Quarter Ended 30/06/2015(Unaudited) Quarter Ended 30/09/2014(Unaudited) Half Year Ended 30/09/2015(Unaudited) Half Year Ended 30/09/2014(Unaudited) Year Ended 31/03/2015(Audited)   Particulars As at 30/09/2015(Unaudited) As at 31/03/2015(Audited)
1. Income from operations               A. EQUITY AND LIABILITIES    
  (a)Net Sales/income from operations 65,144 61,960 58,166 1,27,104 1,10,860 2,26,845   1.Shareholders'funds    
  (b)Other operating income 2 5 1 7 2 5   (a)Share Capital 2,376 2,376
  Total income from operations(net) 65,146 61,965 58,167 1,27,111 1,10,862 2,26,850   (b)Reserves and surplus 37,247 27,334
2. Expenses               Sub-total - Shareholder's funds 39,623 29,710
  (a)Freight,handling and servicing costs(net) 39,882 38,541 40,072 78,423 75,007 1,51,724   2. Non-current liabilities    
  (b)Employee benefits expense 9,586 9,180 7,937 18,766 15,450 31,945   (a)Long-Term Borrowings 33,219 33,219
  (c)Depreciation and amortisation expense 977 923 1,070 1,900 2,033 4,354   (b)Deferred tax liabilities(net) 1,080 1,028
  (d)Other expenses 6,403 6,189 5,101 12,584 9,650 20,798   (c)Other long-term liabilities - -
  Total expenses 56,848 54,833 54,180 1,11,673 1,02,140 2,08,821   (d)Long-term provisions 1,450 1,450
3. Profit from operations before other income,finance costs and exceptional items 8,298 7,132 3,987 15,438 8,722 18,029   Sub-total- Non-current liabilities 35,749 35,697
4. Other income 556 611 664 1,159 1,325 2,448   3. Current liabilities    
5. Profit before finance costs and exceptional items 8,854 7,743 4,651 16,597 10,047 20,477   (a) Trade payables 15,806 12,480
6. Finance costs 786 776   1,562 1 1,121   (b) Other current liabilities 19,464 12,711
7. Profit from ordinary activities after finance costs but before exceptional items 8,068 6,967 4,651 15,035 10,046 19,356   (c) Short term provisions 1,842 6,824
8. Exceptional items - - -         Sub-total Current liabilities 37.112 32,015
9. Profit from ordinary activities before tax 8,068 6,967 4,651 15,035 10,046 19,356   TOTAL-EQUITY AND LIABILITIES 1,12,484 97,422
10. Tax expense 2,693 2,408 1,570 5,101 3,549 6,672   B. ASSETS    
11. Net Profit from ordinary activities after tax 5,375 4,559 3,081 9,934 6,497 12,684   1. Non-current assets    
12. Extraordinary items (net of tax expense) - - - - - -   (a)Fixed assets 24,594 24,078
13. Net Profit for the period 5,375 4,559 3,081 9,934 6,497 12,684   (b)Non-current investments 7,345 1,977
14. Paid-up equity share capital(Face value Rs 10/- per share) 2,373 2,373 2,373 2,373 2,373 2,373   (c)Long-term loans and advances 15,791 17,636
15. Paid up Debt Capital   (153)       33,219   (d)Other non-current assets 108 58
16. Reserves excluding Revaluation Reserve as per balance Sheet of previous accounting year 4,408 4,097 4,472     27,334   Sub-total - Non current assets 47,838 43,749
17. Debenture Redemption Reserve (included in Reserves excluding Revaluation Reserve above) 2,373 2,373 2,373     972   2. Current assets    
18.i Earnings per share(before extraordinary items)(of Rs.10/- each)(not annualised)               (a)Current investments 14,660 -
  (a)Basic 22.65 19.22 12.98 41.87 27.38 53.46   (b)Inventories 595 395
  (b)Diluted 22.65 19.22 12.98 41.87 27.38 53.46   (c)Trade receivables 33,671 29,140
18.ii Earnings per share(after extraordinary items)(of Rs.10/- each)(not annualised)               (d)Cash and Bank balances 6,455 16,563
19. Debt Equity Ratio       0.40   0.70   Sub-total-Current assets 64,646 53,673
20. Debt Service Coverage Ratio       10.63   22.15   TOTAL-ASSETS 1,12,484 97,422
21. Interest Service Coverage Ratio       10.63   22.15        
PART II                      
A PARTICULARS OF SHAREHOLDING               B. INVESTOR COMPLAINTS    
1. Public shareholding:                   3 months
  -Number of shares 5,931,984 5,931,984 5,931,984 5,931,984 5,931,984 5,931,984   Particulars   ended
  -Percentage of shareholding 25 25 25 25 25 25       30/09/2015
2. Promoters and Promoter Group Shareholding               Pending at the beginning of the quarter   -
  a)Pledged/Encumbered               Received during the quarter   1
  -Number of shares - - - - - -   Disposed of during the quarter   1
  -Percentage of shares(as a % of the total shareholding of promoter and promoter group) - - - - - -   Remaining unresolved at the end of the quarter   -
1. Income from operations                    
  -Percentage of shares(as a % of the total share capital of the company) - - - - - -        
  b)Non-Encumbered                    
  -Number of shares 17,795,950 17,795,950 17,795,950 17,795,950 17,795,950 17,795,950        
  -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) 75 75 75 75 75 75        

Notes :

  1. Net Sales/income from operations (inclusive of fuel surcharge and currency adjustment factor) has recorded an increase of 12% for the quarter ended Septemer 30,2015 as compared to the corresponding quarter of the previous year.
  2. Ratios have been computed as ; Debt Equity Ratio = (Long term borrowings - Cash & Bank Balances excluding amounts held on behalf of customers and Dividend Accounts ) / Net Worth (including DRR), Debt Service Coverage Ratio = EBIT / (Finance Cost + Principal Payment due on Long term borrowings during the period , if any) and Interest Service Coverage Ratio = EBIT /Finance Cost.
  3. 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) [Companies (Accounting Standards) Rules, 2006, as amended] of the Companies Act, 1956, pursuant to Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014.
  4.  
  5. The prior period's figures have been regrouped and reclassified wherever necessary to conform to current period's classification.
  6. 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 September 30, 2015 as well as of the Statement of Assets and Liabilities as at September 30, 2015. There are no qualifications in the limited review report issued for the above period.
  7. The above results were reviewed by the Audit Committee and were thereafter approved by the Board at its meeting held on October 21,2015.

By Order of the Board
For Blue Dart Express Limited

 

sd/-

Anil Khanna
(Managing Director)
DIN: 01334483

 

Date : October 21,2015
Place : Mumbai

For further information contact :

marketing@bluedart.com
Dated : October 21,2015

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