Cargo Breaking News
Blue Dart Express Limited has posted ₹414 million profit after tax (previous year ₹140 Million) for the quarter ended September 30, 2020. The company declared its financial results for the quarter July – September 2020; revenue from operations for the quarter ended September 30, 2020 stood at ₹8,644 million. Balfour Manuel, Managing Director, Blue Dart said, “Macroeconomic indicators and the opening up of the economy, signals a greener future for the nation. We see our customers’ businesses coming back on track with an exciting festive season around the corner for which we are fully prepared. We are cautiously optimistic for what the future holds for the economy as a second wave of pandemic is expected to hit the country in the winter season. We have also consolidated our position over this quarter for our key products. As pharmaceutical organisations and the Government of India work in tandem to roll out a COVID-19 vaccine, Blue Dart is gearing up to provide logistics support when a prospective vaccine candidate does arrive. Our network continues to be the reason we remain the government’s as well as every citizen’s trusted express logistics provider.”
“The company has navigated through the crisis well; performance during the quarter has been supported by better revenue realization and cost efficiencies initiatives,” he adds.
