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
96.0
Current Price
866
Market Cap
In analyzing the financial results for the company marked by BSE code 542337, a clear trend emerges. Over a five-year span, the company reported a profit of 0 percents, which increased to -26 percents in the most recent three-year period, suggesting a strong performance in the early stages of this timeframe. However, this success has been overshadowed by a trailing twelve-month (TTM) loss of -8 percents, signaling significant recent challenges. Compounding this issue is the fact that the company has not reported any sales during any of the timeframes analyzed, raising important questions about its operational model and the sustainability of its current strategies. Investors have been equally wary, as reflected in the stock price performance. The company’s stock traded at 5 percents over the past five years but has recently decreased to 35 percents, indicating a loss of market confidence. Over the last decade, the stock price was at 0 percents, pointing to longer-term concerns that could affect the company's future prospects.
Currently valued at ₹866 crore, the company's stock price stands at ₹96.0. Over the years, it has seen significant fluctuations, with its price ranging from ₹139 / 63.0, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at , suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹-46.1, which represents the net asset value of the company per share. The dividend yield of 0.00% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is -10.3%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at %, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of , signaling conservative financial management. However, the net cash flow is negative at ₹18.3 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 3.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of , the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.
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