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BLUE DART EXPRESS Announces Quarterly Results (2QFY19); Net Profit Down 48.5%

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Markets will remain closed on 19th April, 2019 on account of Good Friday.

BLUE DART EXPRESS Announces Quarterly Results (2QFY19); Net Profit Down 48.5%
Tue, 6 Nov

BLUE DART EXPRESS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BLUE DART EXPRESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,0287,3287,9798.9%13.5%
Other incomeRs m5845472.4%-20.0%
TurnoverRs m7,0867,3738,0268.8%13.3%
ExpensesRs m6,2616,8827,57710.1%21.0%
Gross profitRs m767445402-9.7%-47.6%
DepreciationRs m114112111-1.5%-3.2%
InterestRs m7939401.0%-49.7%
Profit before taxRs m633339299-12.0%-52.8%
TaxRs m21911985-27.9%-61.0%
Profit after taxRs m414221213-3.5%-48.5%
Gross profit margin%10.96.15.0
Effective tax rate%34.634.928.6
Net profit margin%5.83.02.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 13.5% on a year-on-year (YoY) basis. The expenses were up by 21.0% YoY during the same period.
  • The company's operating profit declined by 47.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.0% in 2QFY19 as against 10.9% in 2QFY18.
  • Depreciation charges declined by 3.2% and finance costs declined by 49.7% YoY, respectively.
  • Other income declined by 20.0% YoY during the quarter.
  • Net profit for the quarter declined by 48.5% YoY. Net profit margins during the quarter declined from 5.8% in 2QFY18 to 2.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.1% QoQ during the same period.
  • The company's operating profit declined by 9.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.0% in 2QFY19 as against 6.1% in 1QFY18.
  • Net profit for the quarter declined by 3.5% QoQ, while net profit margins declined from 3.0% in 1QFY18 to 2.7% in 2QFY19.

To see how BLUE DART EXPRESS has performed over the last eight quarters, please visit here.

BLUE DART EXPRESS Share Price Performance

Over the last one year, BLUE DART EXPRESS share price has moved up from Rs 4,100.0 to Rs 2,870.0, registering a Loss of Rs 1,230.1 or around 30.0%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 2,870.0, the price to earnings (P/E) ratio of BLUE DART EXPRESS stands at 55.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 12.8 times.

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BLUE DART EXPRESS Announces Quarterly Results (3QFY19); Net Profit Down 31.1% (Quarterly Result Update)

Feb 1, 2019 | Updated on Feb 1, 2019

For the quarter ended December 2018, BLUE DART EXPRESS has posted a net profit of Rs 314 m (down 31.1% YoY). Sales on the other hand came in at Rs 9 bn (up 21.4% YoY). Read on for a complete analysis of BLUE DART EXPRESS's quarterly results.

BLUE DART EXPRESS Announces Quarterly Results (1QFY19); Net Profit Up 4.7% (Quarterly Result Update)

Aug 3, 2018 | Updated on Aug 3, 2018

For the quarter ended June 2018, BLUE DART EXPRESS has posted a net profit of Rs 221 m (up 4.7% YoY). Sales on the other hand came in at Rs 7 bn (up 9.9% YoY). Read on for a complete analysis of BLUE DART EXPRESS's quarterly results.

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