Blue Dart

Blue Dart reported full-year FY26 revenue of ₹6,141 croreCurrent reported value: ₹6,141 crore. No comparable prior figure is available in the source record. (+7Current 7 crore vs previous available quarter 7 crore.% YoY) and PAT of ₹240 croreCurrent reported value: ₹240 crore. No comparable prior figure is available in the source record., with Q4 revenue of ₹1,533 croreCurrent reported value: ₹1,533 crore. No comparable prior figure is available in the source record. (+8% YoY) and PAT of ₹43 croreCurrent reported value: ₹43 crore. No comparable prior figure is available in the source record.. Growth was driven by sustained momentum in e-commerce and ground express, which now accounts for 40%Current 40%. Reported change: +8pp YoY. of revenue (up from ~30% a few quarters ago). However, EBITDA margin declined sequentially due to mix shift toward heavier, lower-margin ground shipments, higher employee costs, and temporary local vehicle hiring cost spikes. Management guided no specific margin target but emphasized optimizing capacity and pricing discipline. The company expects ground to remain the growth engine, though margin expansion may be limited as ground costs are largely variable. A key risk is that rising ATF costs could pressure margins if fuel surcharge pass-through lags.