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India's Blue Dart Express first quarter profit rises on strong volumes

India's Blue Dart Express first quarter profit rises on strong volumes

- Indian delivery firm Bluedart Express BLDT.NS on Friday reported a 81% jump in first-quarter net profit as shipments remained strong.

  • The company's consolidated net profit for the quarter ended June 30 increased to 884.9 million rupees ($9.28 million) from 488.3 million a year earlier amid a 15% rise in revenue from operations.

  • Bluedart, a part of the German logistics giant DHL Group, was helped by cost control measures despite pressures from increased aviation and ground fuel costs, a key expenditure for the company

  • The results underscore the impact of a challenging macroeconomic environment, but Blue Dart said it continued to drive business momentum through strong service quality and efficient network operations.

  • The Indian logistics sector remains highly competitive, with Bluedart facing pressure on pricing and market share from rivals including Delhivery DELH.NS and a fragmented market of smaller players.


($1 = 95.3800 Indian rupees)


(Reporting by Urvi Dugar in Bengaluru; Editing by Joyjeet Das)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

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