Logistics services provider Blue Dart Express Ltd reported a drop in profit for the second quarter in a row on Friday on continued pressure from higher expenses.
The Deutsche Post-controlled company's consolidated net profit fell over 49% to 694.4 million rupees ($8.5 million) in the fourth quarter.
Blue Dart's revenue rose over 4% in the quarter, while its total expenses rose over 14%.
Why it matters
Blue Dart, like other third-party logistics companies, rode a pandemic-led demand boom as people embraced shopping from their homes during the COVID lockdowns. However, they are now facing the double hit of high fuel costs and softening demand in the e-commerce segments.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Blue Dart's revenue growth in the October-December quarter slowed to single-digits after two years of double-digit growth, which also pushed it to its first drop in profit in 10 quarters.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.