India's Blue Dart posts rise in quarterly profit on festive-season delivery demand

VRL Logistics

28/10/2025 13:16

Oct 28 (Reuters) - Indian logistics firm Blue Dart Express BLDT.NS reported a 29.5% rise in second-quarter profit on Tuesday, aided by increasing demand for delivery services in the run-up to the festive season.

The company posted a consolidated net profit of 813.8 million rupees ($9.26 million), up from 628.4 million rupees last year.

Its revenue from operations rose 7% to 15.49 billion rupees, while total expenses grew 5.6%.

KEY CONTEXT:

The quarter marked the beginning of India's festive period, which started in mid-September this year - a time when consumers splurge on everything from jewellery to electronics, fuelling demand for logistics services.

However, competition in the sector has intensified with companies like Bluedart and its peers Delhivery DELH.NS, VRL Logistics VRLL.NS and Mahindra Logistics MALO.NS going head-to-head with the in-house logistics arms of e-commerce majors such as Amazon AMZN.O and Walmart WMT.N-owned Flipkart.

Indian logistics companies have also been grappling with higher expenses, squeezed by higher freight costs and mounting competition.

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
34.37
12.86
10.25
34.94
Buy
4
0.83
0.45
Delhivery
DELH.NS
72.83
35.62
16.17
92.79
Buy
22
0.98
NULL
VRL Logistics
VRLL.NS
21.61
9.25
7.08
13.20
Strong Buy
8
0.78
2.78
Mahindra Logistics
MALO.NS
35.78
10.28
14.40
649.16
Hold
9
1.03
0.64

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

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

JULY TO SEPTEMBER STOCK PERFORMANCE

-- All data from LSEG

($1 = 87.8950 Indian rupees)

JULY TO SEPTEMBER STOCK PERFORMANCE https://tmsnrt.rs/431S87x

 (Reporting by Mridula Kumar in Bengaluru; Editing by Sonia Cheema)

 ((Mridula.Kumar@thomsonreuters.com;))