Blue Dart Express Net Profit Falls 49% To Rs 69 Crore In March Quarter
Listen to This Article
Logistics company Blue Dart Express Ltd on Friday posted an over 49 per cent decline in its consolidated net profit to Rs 69.44 crore in the March quarter on account of increased expenses.
It had reported a consolidated net profit of Rs 136.97 crore in the year-ago quarter, the company said in a BSE filing.
Its total income rose to Rs 1,225.22 crore from Rs 1,169.52 crore in the January-March period of FY22.
While the company's total expenses rose to Rs 1,128.59 crore as against Rs 986.27 crore a year ago.
The company has also approved an interim dividend of Rs 30 per equity share for the financial year 2022-23.
"We continue to maintain our focus on operational improvements and productivity enhancements, which led to growth.
"We closed FY'23 with a strong potential for the future by developing creative solutions for our customers and expanding our fleet with two Boeing 737 aircraft to serve the length and breadth of the country," Balfour Manuel, Managing Director of Blue Dart, said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more