Hot Pursuit     12-May-14
Blue Dart Express falls after weak Q4 numbers
Blue Dart Express fell 1.3% to Rs 3,197 at 14:35 IST on BSE after net profit declined 26.6% to Rs 30.65 crore on 12.9% growth in net sales to Rs 502.89 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced after market hours on Friday, 9 May 2014.

Meanwhile, the S&P BSE Sensex was up 503.37 points or 2.19% at 23,497.60

On BSE, so far 40,682 shares were traded in the counter as against average daily volume of 698 shares in the past one quarter.

The stock hit a high of Rs 3,300 and a low of Rs 3,197 so far during the day. The stock had hit a 52-week low of Rs 2,140 on 30 August 2013. The stock had hit a record high of Rs 4,040 on 22 January 2014.

The stock had underperformed the market over the past one month till 9 May 2014, falling 11.57% compared with 1.29% rise in the Sensex. The scrip also underperformed the market in past one quarter, falling 3.2% as against Sensex's 12.85% rise.

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

On a consolidated basis, Blue Dart Express' net profit declined 36.6% to Rs 122.60 crore on 10.6% fall in net sales to Rs 1936.64 crore in the year ended 31 March 2014 over the year ended 31 March 2013.

Anil Khanna, Managing Director, Blue Dart Express said, “Inspite of the strong headwinds faced by the Indian economy and high cost pressures, Blue Dart has performed reasonably well on all fronts and capitalized on its Quality, Consistency, Reliability, Passion and Commitment. We look back with great pride at the efforts our teams have put in to remain a Provider, Investment and Employer of Choice".

“Looking forward, we will continue to drive our business with insane customer centricity, strengthen our market share in the air and ground express segments and sustain our leadership position in Blue Dart Country. I thank every Blue Darter, our customers, shareholders, partners and all other stakeholders for their commitment and support”, Mr Anil Khanna added.

During the year ended 31 March 2014, Blue Dart handled over 126.40 million domestic shipments, 0.91 million international shipments and over 513,474 tonnes of documents and parcels across the nation and 220 countries worldwide.

Blue Dart Express' Board of Directors have recommended a final dividend of Rs 15 per share for the year ended 31 March 2014. Together with the interim dividend of Rs 35 per share declared on 5 February 2014, the total dividend for the year ended 31 March 2014 works out to Rs 50 per share.

Blue Dart Express is South Asia's premier express air and integrated transportation and distribution company. It has an extensive domestic network covering over 33,867 locations in India, and it services more than 220 countries and territories worldwide through its group company DHL.

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