Hot Pursuit     08-May-15
Blue Dart Express gains after good Q4 result
Blue Dart Express rose 3.85% to Rs 5,766.20 at 11:22 IST on BSE after net profit advanced 13.3% to Rs 34.74 crore on 13.5% growth in net sales to Rs 571 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 7 May 2015.

Meanwhile, the S&P BSE Sensex was up 385.81 points or 1.45% at 26,984.92

On BSE, so far 582 shares were traded in the counter as against average daily volume of 1,120 shares in the past one quarter.

The stock hit a high of Rs 5,848 and a low of Rs 5,660.50 so far during the day. The stock had hit a 52-week low of Rs 3,100 on 7 May 2014. The stock had hit a record high of Rs 7,850 on 14 January 2015.

The stock had underperformed the market over the past one month till 7 May 2015, falling 23.1% compared with 6.72% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 16.78% as against Sensex's 7.38% fall.

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 that the macroeconomic situation in the last 2-3 years has not been encouraging to support growth. Despite an adverse external situation and challenges, the company has been able to deliver a reasonable performance, aided by our clear focus on the e-commerce vertical although the core verticals have not shown much traction, Anil Khanna said.

During the year ended 31 March 2015, Blue Dart Express handled over 1,396.84 lakhs domestic shipments, 8.95 lakhs international shipments and over 558,537 tonnes of documents and parcels across the nation and 220 countries worldwide.

Blue Dart Express, South Asia's premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 34,257 locations in India.

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