Hot Pursuit     11-Feb-16
Blue Dart Express gains after reporting strong Q3 results
Blue Dart Express rose 1.16% to Rs 6,220.20 at 11:00 IST on BSE after net profit rose 84.48% to Rs 50.05 crore on 10.87% rise in total income to Rs 659.61 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 10 February 2016.

Meanwhile, the BSE Sensex was down 169.92 points, or 0.72%, to 23,588.98.

On BSE, so far 122 shares were traded in the counter, compared with an average volume of 576 shares in the past one quarter. The stock hit a high of Rs 6,280 and low of Rs 6,185.75 so far during the day. The stock hit a record high of Rs 7,900 on 23 October 2015. The stock hit a 52-week low of Rs 5,501.05 on 7 May 2015. The stock had underperformed the market over the past one month till 10 February 2016, falling 7.35% compared with 4.71% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 15.34% as against Sensex's 7.71% decline.

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

Anil Khanna, Managing Director, Blue Dart Express said, the economy has had a fair share of challenges in Q3 December 2015, which has decelerated growth for the express industry. Blue Dart has been able to sustain the growth momentum in its performance and has shown a modest growth in revenues by effectively optimizing costs, he added.

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

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