Blue Dart continues positive momentum growth in Q4 and Year-end results
The company posted sales at ₹ 32,797 million and ₹ 963 million profit after tax for the year 2020-21
Hyderabad/Mumbai: Blue Dart Express Limited, South Asia's premier express air and integrated transportation & Distribution Company, declared its financial results today for the quarter and year ended March 2021, at the Board Meeting held in Mumbai.
The company posted ₹ 891 million profit after tax (previous year ₹ 238 million loss) for the quarter ended March 31, 2021 and ₹ 963 million profit after tax (previous year ₹ 383 million loss) for the year ended March 31, 2021. The profit for the year is, after absorbing the impact of special COVID-19 ex-gratia (₹ 342 million) paid to employees in September 2020 and accelerated depreciation of IT servers (₹ 240 million).The margin improvement is backed up by better realization and cost efficiencies during the year. Revenue from operations for the quarter ended March 31, 2021 stood at ₹ 9,662 million and ₹ 32,797 million for the year ended March 31, 2021.
In a highly volatile, uncertain, complex and ambiguous environment, Blue Dart adapted itself to the situation and continued to be a Reliable, Resilient and Responsive organization for all its stakeholders. While the period under review has been challenging due to the pandemic, Blue Dart grew its revenues for the year, its market leading transit times, technology interventions e.g. Contact Less Delivery, robust & agile infrastructure, and above all its people enhanced the ability to deliver as the nation’s Trade Facilitator.
Balfour Manuel, Managing Director, Blue Dart says, “We look back with pride on our performance in the financial year delivered with the support of all our stakeholders! It has been a challenge to navigate through the pandemic and the lockdowns, however, our single minded Customer Centricity combined with tenacity and the organization’s ability to perform has helped us during this time. All our facilities / people / aircrafts / vehicles operated every single day through the pandemic, enabling the nation in its fight against the contagion delivering PPE kits, ventilators, vaccines, oxygen concentrators, pharmaceutical, medical equipment etc. We are cautiously optimistic about the new financial year on the background of the current wave II and the impending wave III of the pandemic.
He further added, “In the year that saw disruption across various elements, we had purposeful innovations to keep our colleagues and customers healthy and safe, we worked closely with the Government on the Lifeline Udan Initiative. A stronger brand messaging was amplified with our advertising on television.
Speaking on the path ahead, Balfour says, “Going forward, our focus will continue to remain on consistently upgrading our infrastructure and digitized solutions to ensure that we optimise the man- tech combination. We are also enthused by the Governments initiatives aimed towards building a non- fragmented logistics sector.”