Hot Pursuit     09-Jun-23
Blue Dart Express appoints Sudha Pai as CFO
Blue Dart Express announced that its board has approved the appointment of Sudha Pai as chief financial officer (CFO) and key managerial personnel (KMP) of the company effective from 1 September 2023.
Sudha Pai is a qualified cost accountant, currently working as chief financial officer, in DHL Global Forwarding, India, a DHL group company.

Further, V.N.Iyer, `acting interim chief financial officer' and key managerial personnel (KMP) of the company has been appointed as `group chief financial officer' of the company. He will assume charge as group CFO with effect from 1 September 2023.

Iyer is BSc (Statistics) and qualified cost accountant with more than three decades of experience in accounts, finance, taxation, treasury operations, financial analysis, internal controls framework. He was deputed as CFO of Blue Dart Aviation for five years and has exposure in Aviation Finance as well.

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

The company reported 49.3% decline in net profit of Rs 69.44 crore despite of 4.3% jump in revenue from operations to Rs 1,216.55 crore in Q4 FY23 over Q4 FY22.

The scrip rose 0.81% to Rs 6,474.60 on the BSE.

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