Share the post "Blue Dart Express : Q1 2024 Financial Quarterly Report : YoY Sales Up 8.5 %, QoQ Up 1.5 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 8.5 % in the past year, substantial increase in net sales/revenue by 1.5 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -10.98 %, Marginal decrease of -17.9% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Blue Dart Express Limited. Profit dropped by -12.83 % Year to Year, Blue Dart Express Limited’s profitability dropped by -31.32 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -12.85 % Year to Year. EPS decreased by -31.33 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1237.55 Cr | Rs. 1322.87 Cr | Rs. 1342.71 Cr | + 1.5 % | + 8.5 % |
| Expenses | Rs. 1046.88 Cr | Rs. 1096.92 Cr | Rs. 1140.54 Cr | + 3.98 % | + 8.95 % |
| Operating Profit | Rs. 190.67 Cr | Rs. 225.95 Cr | Rs. 202.17 Cr | -10.52 % | + 6.03 % |
| OPM % | 15.41 % | 17.08 % | 15.06 % | -2.02 % | -0.35 % |
| Other Income | Rs. 10.2 Cr | Rs. 11.06 Cr | Rs. 9.08 Cr | -17.9 % | -10.98 % |
| Interest | Rs. 19.49 Cr | Rs. 19.36 Cr | Rs. 20.95 Cr | + 8.21 % | + 7.49 % |
| Depreciation | Rs. 99 Cr | Rs. 112.71 Cr | Rs. 118.27 Cr | + 4.93 % | + 19.46 % |
| Profit before tax | Rs. 82.38 Cr | Rs. 104.94 Cr | Rs. 72.03 Cr | -31.36 % | -12.56 % |
| Tax % | 25.61 % | 25.88 % | 25.84 % | -0.04 % | + 0.23 % |
| Net Profit | Rs. 61.28 Cr | Rs. 77.78 Cr | Rs. 53.42 Cr | -31.32 % | -12.83 % |
| EPS in Rs | Rs. 25.83 | Rs. 32.78 | Rs. 22.51 | -31.33 % | -12.85 % |
Today, we’re looking at Blue Dart Express Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 8.5 %. However, it did see a marginal increase of 1.5 % from the previous quarter. Expenses ticked up slightly by 3.98 % quarter-on-quarter, aligning with the annual rise of 8.95 %. Operating profit, while up 6.03 % compared to last year, faced a quarter-on-quarter dip of -10.52 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.35 %, but a shrinkage of -2.02 % sequentially. Other income fell by -17.9 % compared to the last quarter, despite an annual decline of -10.98 %. Interest expenses surged remarkably by 8.21 % from the previous quarter, yet the year-over-year increase remains at a moderate 7.49 %. Depreciation costs climbed by 4.93 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.46 %. Profit before tax declined annually by -12.56 % but saw a reduction from the preceding quarter by -31.36 %.
Tax expenses as a percentage of profits increased slightly by 0.23 % compared to last year, with a more notable quarter-on-quarter decrease of -0.04 %. Net profit fell by -12.83 % year-on-year but witnessed a -31.32 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -12.85 % but a quarterly fall of -31.33 %. In summary, Blue Dart Express Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1237.55 Cr | Rs. 1322.87 Cr | Rs. 1342.71 Cr | + 1.5 % | + 8.5 % |
| Expenses | Rs. 1046.88 Cr | Rs. 1096.92 Cr | Rs. 1140.54 Cr | + 3.98 % | + 8.95 % |
| Operating Profit | Rs. 190.67 Cr | Rs. 225.95 Cr | Rs. 202.17 Cr | -10.52 % | + 6.03 % |
| Net Profit | Rs. 61.28 Cr | Rs. 77.78 Cr | Rs. 53.42 Cr | -31.32 % | -12.83 % |
| EPS in Rs | Rs. 25.83 | Rs. 32.78 | Rs. 22.51 | -31.33 % | -12.85 % |
In reviewing Blue Dart Express Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.5 % year-on-year growth, however, there was a minor increase of 1.5 % from the previous quarter. Expenses rose by 8.95 % compared to the previous year, with a 3.98 % increase quarter-on-quarter. Operating Profit surged by 6.03 % annually, and saw a -10.52 % decrease from the last quarter.
Net Profit showed yearly decrease of -12.83 %, and experienced a -31.32 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -12.85 % annually, however dipped by -31.33 % compared to the last quarter. In essence, while Blue Dart Express Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
-26
3-Year Profit
0
5-Year Profit
0
10-Year Profit
86.8
Current Price
785
Market Cap
The financial outlook for the company under BSE code 542337 reveals a significant five-year profit of 0 percents. This marks a notable increase to -26 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of -8 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 5 percents over the past five years but experiencing a dramatic drop to 29 percents within the last year. Over a decade, the stock price was at 0 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
The company has a market capitalization of ₹785 crore and is currently trading at ₹86.8 per share. Historically, the stock has fluctuated within a range of ₹139 / 65.4, reflecting both the opportunities and risks that investors perceive in the company. The P/E ratio, at , is relatively high, suggesting that the market has priced in substantial future growth or is willing to pay a premium for the company’s current earnings. The book value per share stands at ₹-60.6, which reflects the net asset value of the company divided by the number of outstanding shares. The dividend yield is 0.00%, providing shareholders with a consistent return on their investment. ROCE is -10.3%, indicating how well the company is using its capital to generate profits, while ROE at % highlights the returns generated from shareholders' equity. The debt-to-equity ratio is , signaling low financial leverage, which is typically seen as a positive indicator of financial health. However, the company’s negative net cash flow of ₹18.3 crore might raise concerns about its cash generation capabilities or capital expenditures. With a Piotroski score of 3.00, the company's financial stability is evaluated on several factors. Finally, the Graham Number, at ₹, provides an estimate of the stock’s intrinsic value, while the Price-to-Book (P/B) ratio of highlights that the stock is trading at a premium to its book value, potentially reflecting positive market sentiment or overvaluation risks.
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