BLUE DART EXPRESS Announces Quarterly Results (2QFY20); Net Profit Down 34.4%

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BLUE DART EXPRESS Announces Quarterly Results (2QFY20); Net Profit Down 34.4%
Tue, 5 Nov

BLUE DART EXPRESS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

BLUE DART EXPRESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,9797,8668,0011.7%0.3%
Other incomeRs m474338-12.4%-18.3%
TurnoverRs m8,0267,9098,0391.6%0.2%
ExpensesRs m7,5777,4207,394-0.4%-2.4%
Gross profitRs m40244660736.2%50.9%
DepreciationRs m1113383719.8%234.9%
InterestRs m4083841.1%111.9%
Profit before taxRs m29969190177.6%-36.2%
TaxRs m852351122.5%-40.9%
Profit after taxRs m21346140204.8%-34.4%
Gross profit margin%5.05.77.6
Effective tax rate%28.633.126.5
Net profit margin%2.70.61.7
* 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 0.3% on a year-on-year (YoY) basis. The expenses were down by 2.4% YoY during the same period.
  • The company's operating profit increased by 50.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.6% in 2QFY20 as against 5.0% in 2QFY19.
  • Depreciation charges increased by 234.9% and finance costs increased by 111.9% YoY, respectively.
  • Other income declined by 18.3% YoY during the quarter.
  • Net profit for the quarter declined by 34.4% YoY. Net profit margins during the quarter declined from 2.7% in 2QFY19 to 1.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.4% QoQ during the same period.
  • The company's operating profit increased by 36.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.6% in 2QFY20 as against 5.7% in 1QFY19.
  • Net profit for the quarter increased by 204.8% QoQ, while net profit margins increased from 0.6% in 1QFY19 to 1.7% in 2QFY20.

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

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BLUE DART EXPRESS Share Price Performance

Over the last one year,BLUE DART EXPRESS share price has moved down from Rs 2,769.8 to Rs 2,300.0, registering a Loss of Rs 469.8 or around 17.0%.

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 2,300.0, the price to earnings (P/E) ratio of BLUE DART EXPRESS stands at 86.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.4 times.

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BLUE DART EXPRESS 2019-20 Annual Report Analysis (Annual Result Update)

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Here's an analysis of the annual report of BLUE DART EXPRESS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of BLUE DART EXPRESS. Also includes updates on the valuation of BLUE DART EXPRESS.

BLUE DART EXPRESS Announces Quarterly Results (1QFY20); Net Profit Down 79.2% (Quarterly Result Update)

Aug 2, 2019 | Updated on Aug 2, 2019

For the quarter ended June 2019, BLUE DART EXPRESS has posted a net profit of Rs 46 m (down 79.2% YoY). Sales on the other hand came in at Rs 8 bn (up 7.3% YoY). Read on for a complete analysis of BLUE DART EXPRESS's quarterly results.

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