On full year basis, the company's consolidated net profit decreased 3.1% to Rs 370.53 crore despite of 17.3% jump in revene from operations to Rs 5,172.22 crore in FY23 over FY22.

EBITDA dropped 2.5% to Rs 969.5 crore in FY23 as against Rs 994.6 crore in FY22. EBITDA margin stood at 18.74% in FY23 as against 22.55% in FY22.

The company said that during the period FY23, Blue Dart with its futuristic strategy established its network penetration in the rest of bharat with the opening of more than 55 new company owned retail stores, strengthening ability to deliver as the nation's trade facilitator.

The logistics services provider added that it has carried 328 million shipments weighing 11,54,000 tons in the year under review.

Balfour Manuel, managing director, Blue Dart, said, “We continue to maintain our focus on operational improvements and productivity enhancements, which led to growth. We closed FY23 with a strong potential for the future by developing creative solutions for our customers and expanding our fleet with two Boeing 737 aircraft to serve the length and breadth of the country. We will benefit from a consolidated market and deepened relationships with our existing stakeholders.

As we enter FY24, we see an increasing need for businesses to stay agile by leveraging next- generation technologies. We are committed to assisting our customers in remaining competitively dominant and relevant in an era of rapidly changing market conditions by assisting them in adapting to leaner and more sustainable logistics solutions. This prudential and operational excellence approach prepares us well for all business uncertainties.”

The board has recommended a dividend of Rs 30 per equity share for FY23.

Blue Dart Express is South Asia's premier express air and integrated transportation & distribution company.