India's Blue Dart posts lower quarterly profit as higher expenses offset rise in deliveries

Blue Dart Express

29/07/2025 14:32

July 29 (Reuters) - Indian courier delivery firm Blue Dart Express's BLDT.NS first-quarter profit fell nearly 9% on Tuesday as higher expenses offset a rise in volumes.

The company, which competes with Delhivery DELH.NS and IPO-bound Shadowfax, said its consolidated net profit fell 8.6% to 488.3 million Indian rupees ($5.62 million)in the quarter ended June 30.

Its revenue from operations rose 7.4% to 14.42 billion rupees, while expenses grew 8.3% to 13.86 billion rupees.

KEY CONTEXT

Indian logistics companies have been grappling with higher expenses due to more competition and increased freight costs.

Analysts said Blue Dart's higher volume growth was likely fueled by the business to consumer (B2C) unit and its Surface business, which delivers items weighing 10 kilograms and above door-to-door.

Blue Dart did not provide a performance breakdown of its businesses.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
Blue Dart Express
BLDT.NS
39.45
15.07
10.22
36.83
Buy
5
0.95
0.37
Delhivery
DELH.NS
75.89
37.98
14.97
88.26
Buy
22
1.03
VRL Logistics
VRLL.NS
24.74
10.04
7.20
17.88
Strong Buy
8
0.89
2.41
Mahindra Logistics
MALO.NS
46.85
10.83
14.97
Hold
9
1.05
0.65

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 86.8160 Indian rupees

APRIL-JUNE STOCK PERFORMANCE https://tmsnrt.rs/3IOI0Yv

 (Reporting by Manvi Pant and Ananta Agarwal in Bengaluru; Editing by Sahal Muhammed)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))