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ICICI Securities Report
Blue Dart Express Ltd.'s consolidated on the yield gains achieved in Q2 FY21 (driven by limited belly cargo capacity) and enjoyed better mix with more business-to-consumer air express cargo.
The same resulted in approximately 20% YoY revenue growth in Q3 FY21 and nearly helped maintain margin performance of last quarter (Q2 FY21).
The performance can be attributed to increased e-commerce, consumer electronics sales.
Continued business-to-business air express resilience (IT, pharma, medical equipments) also helped.
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