Blue Dart Express Share Price Jumps 7% As Q1 Net Profit Rises Over 80%: Should You Buy?

Shares of Blue Dart Express rose over 7% in early trade on Monday, Aug. 3. after the multinational logistics company reported a strong performance during the April-June quarter of current fiscal. Blue Dart Express reported an 81.2% year-on-year (YoY) jump in profit for the first quarter of FY27, driven by strong revenue growth and robust operating performance.

On Monday, shares of Blue Dart Express opened at Rs 5,560 and extended gains to hit an intraday high of Rs 5,745 apiece on the NSE. While the stock is down over 12% over the past year, recent weeks indicated a shift, with a 5.45% positive return over the last month. The strong earnings scorecard likely contributed to the bullish behavior observed on the charts.

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Blue Dart Express Q1 Results

Blue Dart Express posted a consolidated net profit of Rs 88.5 crore for the quarter ended June 30, compared with Rs 48.8 crore a year earlier. Revenue from operations increased 15% to Rs 1,657.7 crore from Rs 1,441.9 crore. EBITDA rose 33.5% year-on-year to Rs 261.2 crore from Rs 195.6 crore. EBITDA margin expanded to 15.8% from 13.6% in the corresponding quarter last year.

Blue Dart said the strong performance reflected disciplined execution, operational resilience and continued customer confidence despite a challenging operating environment and higher operating costs. During the June quarter, the Mumbai-based logistics company highlighted that it had leveraged its integrated air and ground network, extensive domestic reach and technology-enabled operations to maintain service quality, network efficiency and business momentum.

Looking ahead, Blue Dart said that it will continue to strengthen its network, improve operational productivity, accelerate digital enablement and invest in customer-centric and sustainable logistics capabilities to support long-term growth. Blue Dart Express is South Asia's leading express air and integrated transportation and distribution logistics company, offering time-definite delivery solutions through its integrated air and ground network.

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Should you buy, sell, or hold?

According to Nuvama Institutional equities, Blue Dart Express reported a robust profitability backed by margin expansion. The brokerage has retained a 'buy' call on the stock and hiked the target price to Rs 7,500 from Rs 6,900. ''We raise FY27E/28E EPS by 4%/2% to reflect the strong Q1. We value at 38x Jun-28 EPS, yielding a June-27 TP of Rs 7,350 (earlier Rs 6,900). Retain 'BUY' as we believe Blue Dart is well placed to benefit from the ongoing consolidation in e-commerce parcel business (30-31% of revenue in FY26). The stock trades at 28x FY28E EPS,'' said analysts at Nuvama.

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