Blue Dart Q3 Review - Newly Acquired Aircraft To See Gradual Improvement In Utilisation Levels: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Reports.Blue Dart Express Ltd.'s revenue grew 3% YoY to Rs 13.8 billion in Q3 FY24 (in line). The company handled 0.31 million tonnes of cargo volume (plus 3% YoY), while the realisation improved ~1% YoY to Rs 44/kg. It carried 92 million shipments in 3Q.Blue Dart Express' Ebitda margin came in at 9.7% in Q3 FY24 (versus our estimate of 9.9%). The margin was lower by ~160 basis points YoY, mainly due to higher other expenses and employee costs. Ebitda declined ~11% YoY to Rs 1.3 billion (versus our estimate. of Rs 1.5 billion).Profit after tax dipped 6% YoY to Rs 816 million (versus our estimate of Rs 841million). The soft operating performance was partially offset by high other income and a lower tax outgo..Click on the attachment to read the full report:.Mahindra Financial Services Q3 Results Review - Asset Quality, Net Interest Margins Improved: IDBI Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Blue Dart Q3 Review - Newly Acquired Aircraft To See Gradual Improvement In Utilisation Levels: Motilal Oswal

Revenue in line; a slight miss on margins.

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