Blue Dart Sales at Rs.4,142 million for the quarter April-June 2020

Hyderabad: Blue Dart Express Limited, South Asia's premier express air and integrated transportation, distribution and logistics Company, declared its financial results for the quarter ended June 30, 2020, at its Board Meeting held in Mumbai today.
 
Revenue from operations for the quarter ended June 30, 2020 stood at ₹ 4,142 million and net loss at ₹1,279 million (after accounting for deferred tax).
 
Balfour Manuel, Managing Director, Blue Dart said "Blue Dart continues to be a forerunner in the express logistics industry in India, with a strategic focus on all sectors. The business environment was extremely challenging due to the COVID-19 pandemic. However, the Company continued its operations to support critical supply chain in challenging times. The national lockdown during the quarter impacted our results as the GDP continues to be in negative territory, and the eco – system for an efficient supply chain was dislocated but we continued our role as the nation’s trade facilitator moving essential items for the Pharmaceutical and Medical Equipment Industries and thereafter as the Government eased the restrictions  we  moved  non-essential  items  for  various  sectors.  We  are  proud  to  be  a  part  of  the Government’s ‘Lifeline Udan’ initiative and flew domestic and international charters carrying PPE Kits, Ventilators, COVID testing kits etc. We are thankful to our teams who have been fully engaged in a customer centric approach thereby ensuring that even in the time of great stress we have played a key role in helping the nation and our customers in keeping its mission critical supply chain operating. We at Blue Dart are very proud of this achievement.
 
Automation and technology will continue to be the pivots of our business. Both of this allow our business to be resilient which ensures that there is a high sense of discipline in the organisations, our customers are highly satisfied and balance sheet is sound.
 
Our commitment to serve Blue Dart country with the support of our highly passionate team, remains persistent.”
 
He added, “We will further strengthen our position as the Provider of Choice and the Investment of Choice and build a business that consistently sets a bench mark for the industry and is future ready.
 
We are optimistic about the future and our key pivots of focus on Emerging Markets, Sectors, SMEs, Channel Development, and Reach Expansion will all continue in aggression.
These we believe will create long term value for the business and stakeholders.”