Hot Pursuit     25-Apr-12
Blue Dart Express off 6.3% in 2 days after poor Q1 earnings
Blue Dart Express fell 3.97% to Rs 2,015 at 11:46 IST on BSE, with the stock extending Tuesday's 2.48% slide triggered by the company reporting weak Q1 March 2012 earnings.

Meanwhile, the BSE Sensex was up 5.73 points or 0.03% to 17,213.02.

On BSE, 2,983 shares were traded in the counter as against average daily volume of 2,959 shares over the past one quarter.

The stock hit a high of Rs 2,135 and a low of Rs 2,015 so far during the day. The stock had hit a record high of Rs 2,205 on 19 April 2012. The stock had hit a 52-week low of Rs 1,261.50 on 2 June 2011.

The mid-cap stock had had outperformed the market over the past one month till 24 April 2012, rising 8.44% compared with the Sensex's 0.89% fall. The scrip had also outperformed the market in past one quarter, surging 23.64% as against Sensex's 1.24% gain.

The company has an equity capital of Rs 23.73 crore. Face value per share is Rs 10.

The Blue Dart stock has fallen 6.35% in two trading sessions from Rs 2,151.75 on Monday, 23 April 2012, after the company announced weak Q1 March 2012 results at the fag end of trading hours on Tuesday, 24 April 2012. The stock had fallen 2.48% to settle at Rs 2,098.25 on Tuesday, 24 April 2012.

Blue Dart Express' net profit fell 19.5% to Rs 29.08 crore on 22.2% growth in net sales to Rs 410.91 crore in Q1 March 2012 over Q1 March 2011.

Commenting on the results, Mr Anil Khanna, Managing Director, Blue Dart Express said, "Since inception, Blue Dart has focused on being a customer centric brand and will continue to concentrate on delivering world-class service quality, experience and maintain our reliability quotient. Blue Dart will continue to focus on product innovation, reach expansion, transit time improvements, small town (Tier-II and III) activation and strengthening channels".

Mr Khanna further added, "Blue Dart has robust plans for India and we are delighted to serve in ‘Blue Dart Country' with a business and human conscience to remain the customer's First Choice".

Blue Dart Express is South Asia's premier express air and integrated transportation and distribution company. It offers secure and reliable delivery of consignments to over 36,637 locations in India. As part of the DP DHL Group, Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

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