The Company posted a record operational and financial performance since its inception and attained net revenues of Rs. 458 crore and net profit reached a new high of Rs 39 crore. The company’s return on capital Employed has increased to 35.4% from 28.9% in the previous year. The shareholders were happy with the performance of the company. The dividend declared is 30% in FY 2004-05.

All the resolution were supported by the share holders

1. During this financial year the promoters of the company had entered into the sale/purchase agreement dated November 6,2004 to sell their equity share to DHL Express (Singapore) Pte. Ltd at Rs 350/- per share. Subsequently DHL Express (Singapore) Pte.Ltd. made an open offer to acquire further equity. Presently DHL Express (Singapore) Pte.Ltd holds the controlling 81.03% share of the equity capital of the company.
2. The company carried over 42 million domestic and 500000 international shipments together weighing over 110000 tonne across its network.
3. The company has also divested 60%of the equity capital of Blue Dart Aviation Ltd. in favour of Mr Tushar Jani and Mr. Khushroo Dubash.
4. The company has acquired one additional Boeing 737 freighter aircraft in order to further expand its operation.
5. The company has declared a Dividend of Rs 3 per equity share. This would entail an outflow of Rs 8.1 crore, including dividend distribution tax.
6. During the year the company was selected a "Business Superbrand" by Superbrands India.

Other Highlights

1) The synergies of Blue Dart and DHL, both premium brands in the country will provide customers with a formidable delivery capacity and an entire, freight and logistics services.

2) The company has a dedicated air capacity, which will help the company to charge a premium for its valuable services and helps in distribution and supply chain management

3) The company's main business comes from shipment of Computer, pharma, garments, consumer durables and high item jewellery.

4) The company will be focussing on packaged distribution and product development, to move further in its services.

ATF Price a challenge

The cost of fuel remains the single, largest concern for the company. Fuel prices have escalated to unimaginable levels, crossing the US $ 60 mark. Domestic prices are additionally hit by state taxes. The domestic airline industry has been the hardest hit, with peak domestic airline industry prices scaling a 57% increase since April 2004.

Outlook

Industry is growing at around 20% and the company is growing at 29%. The industry is expected to grow further despite an indifferent monsoon and high fuel prices. Blue Dart is ideally placed in the Indian Market, with a trained and committed force of over 3900 people, the latest state of art technology, integrated air and ground infrastructure, wide geographical coverage to support India's growth and development, distribution and third party logistics and supply chain management needs of the country.

The company plans to enhance capacities within the network by induction of additional dedicated air capacities, over a period, to capitalize on the future growth of the express industry.

The company is willing and is able to provide its support to build the new, reinvigorated India with its seemingly limitless opportunities.