- The Company posted ₹ 14 crore profit after tax for the Quarter July – September 2019
Mumbai, November 1st , 2019: 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, 2019, at its Board Meeting held in Mumbai. The company posted ₹ 14 crore profit after tax for the quarter ended September 30, 2019. Revenue from operations for the quarter ended September 30, 2019 stood at ₹ 800 crore. Effective April 01, 2019, Blue Dart has adopted the Ind AS 116 new accounting standard due to which there is higher impact on profit as these are long term leases related to air infrastructure.
Balfour Manuel, Managing Director, Blue Dart said “The economy continues to grow at its slowest pace in over six years, with both domestic spending and demand losing momentum. The second quarter has been challenging due to these factors, however with our clear focus on service quality and cost efficiencies, we have done reasonably well. Our customers will always remain the focal point of our business and therefore we will continue to invest ahead of the curve, in order to enhance our infrastructure and technological capabilities to stay relevant to their needs”.
He adds, “We remain committed to serving Blue Dart country and sustaining our leadership position in the air and ground express industry in India, a vision which is strongly backed by our strategy that helps us reassess the business environment and readdress areas for improvement. We are thankful to our stakeholders, shareholders, customers, partners and our highly passionate team of Blue Darters who drive us to strive for excellence every day”.
Blue Dart remains one of the most awarded, admired and best managed companies in India. It was recognised as the No.1 Best Multinational Workplaces in Asia 2019 by Great Place to Work® Institute (GPTW) Asia for the third consecutive year, amongst the Top 50 of India’s Best Companies to Work For – 2019 by Great Place to Work® Institute (GPTW) India for the 9th year, awarded a Business Superbrand for the 12th consecutive time, recognised a Reader’s Digest Most Trusted Brand for the 13th consecutive year and as a Company with Great People Managers by Great Manager Institute and Forbes.