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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.
